Obama Offers Idaho as Collateral on US Debt to China.

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Obama Offers Idaho as Collateral on US Debt to China.








Cairo, Egypt. (BNSE): US President Barak Obama took a brief respite from his whirlwind tour of the Mid-East and Europe today to assure Chinese President Hu Jintao of America's commitment to honor its foreign debt commitments.

As a gesture of goodwill, Obama offered the state of Idaho to the Chinese government in the form of collateral to secure the billion in United States Treasury Bonds owned by the Chinese. "We don't pay up, it's all yours," confided Obama to the Chinese President.

White House insiders told BFBE, "[The Administration] does not think anyone will really miss Idaho if the unthinkable actually happens. " The official further noted that only 25% of American high school seniors even know Idaho exists, let alone it is a part of the United States." And, "Most of them live in Idaho."

House Speaker Nancy Pelosi applauded the move, noting, "Idaho residents have consistently voted against change for decades. This can only mean they are stupid, racist, rednecks. Getting rid of a 'red' state will only ensure the will of the people is secured for generations to come. Plus, I can use their Congressional office space for my new portrait gallery of myself."

Chinese Ambassador Kim Wu Fong said, "The Chinese government never really expects to collect this collateral. However, if the eventuality should occur, the residents of Idaho might be pleasantly surprised when they discover China now affords its citizens more civil rights and personal freedoms than the United States these days."

"The Idaho Transfer," as it has been dubbed by Administration officials, is just the first stage of fund raising initiatives planned by the White House to supplement sagging US tax revenues. Other plans on the table include the leasing of Alabama to Eat 'em Up Sugar Cane Company, Inc, provided the state "offers adequate numbers to young, healthy adults with good teeth as to provide adequate breeding stock." And, the sale of "10,000 mixed American Jews to a Saudi Prince for target practice."



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