Couple Reaches Personal Debt Ceiling Agreement
FairCityNews.com | Aug 03, 2011 | Comments 0
Springfield, MO—Jerry and Trisha Thumbolt reached an historic agreement this week on a compromise to raise their new personal debt ceiling limit in exchange for more than $200,000 in long-term spending cuts.
Mr. Thumbolt emphatically passed the emergency legislation Tuesday to avoid a first-ever Thumbolt family default, rushing the legislation to Mrs. Thumbolt for her signature just hours before the deadline. The vote (3-1) capped an extraordinarily difficult battle pitting homemaker forces in the house against Jerry and free spending ways of the breadwinner.
House Leader Trish Thumbolt said, “both my cats and I gave more ground than we wanted to. But we’re comfortable with the increase in debt allowances because we need a new couch in the side room and my Target Visa card is burning a hot-damn hole in my purse.”
Breadwinner Jerry Thumbolt said that the pact “will ensure significant cuts in family spending” and he assured his future children that a first-ever default on Thumbolt obligations won’t occur.
“We have made allowances for us to continue spending like hell without addressing any specific, immediate cuts. In fact, we Thumbolt’s have agreed to cut discretionary spending by $200,000 over the next 10 years. That’s like 20 grand a year. Hell, if I don’t buy a new car every year (like a really, really want to) I’ve got it made!”
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