The Magic Circle
As federal deficits grow and grow,
And build like dental plaque,
Some say: "We can’t finance tax cuts,
Afford war in Iraq.
Such games have nasty endings,
They lead to default’s door,
We’ll reach the debtor’s limits,
And then we’ll all be poor."
But thankfully another source
Sustains us with its cash.
We’ve stumbled on a cunning way
To fund our debtor bash.
We’ve tapped into a bottomless
And self-renewing hoard;
I speak, of course, of all those funds
Now coming from abroad.
What makes these inflows possible?
Our mall-based spending spree!
With Washington’s prolific ways
Consumers here agree.
The more imported goods we buy
The more dollars go offshore,
Until coffers of goods sellers
Simply can not hold no more.
For want of better parking place
This money then flows back
Into U.S. treasuries replacing
Revenues we lack.
It’s a kind of magic circle,
A perpetual machine,
Endless wants of shoppers subsidize
A vast cash-strapped regime.
Thus the shop-until-you-dropper
Is our real patriot,
Sans this hero’s great consumption
Our whole government would stop.
If this circle stays unbroken
Everything for us is cool,
We can overspend forever
And live off a bigger fool.
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