Tuesday, April 29, 2008

Congress Regrets Getting A.R.M. On Capitol Building

Washington, D.C.- For the first time in American history, the federal government has to look sheepishly into the eyes of taxpayers and admit defeat. During the most recent real estate boom, Congress decided, unanimously, to refinance the Capitol building with the popular adjustable rate mortgage.

“It just seemed like a great idea, at the time,” explained a downtrodden Congressman. “We figured we’d be making more money by the time the rate increased.”

Now, like many Americans, Congress has to move out of their dream home because of a messy foreclosure.

“I blame those shady lenders,” said a member of the duped legislative body. “They just have no sense of decency; they’re the ones who should be foreclosed on!”

Many have criticized the government’s irresponsible spending habits in the past; this just adds more fuel to the fire.

“It is the responsibility of the consumer to make sure he or she is getting a good deal,” demanded an enraged political analyst. “Mature consumers know that salesmen will try to get one over on you! You need to read the fine print. This is taxpayer money. I expect they’re going to want taxpayers to bail them out too.”

As a whole, Congress has apologized for making a stupid decision, still insisting that it wasn’t their fault.

Policy makers have already imposed a veiled tax on bottled water and gasoline to pay for the repurchasing of the building.