Thank you for [Congress's] interest in the American Public Trust's Gold Card credit program. Rest assured your application has been given thorough and careful consideration by the American people.[To continue reading this piece at Reason.com by A. Barton Hinkle click here.]
After reviewing the information provided in your application as well as your credit report, we regret to say that we are unable to extend you further credit at this time. The reasons for our decision are as follows:
(1) Inadequate income.Our records indicate that your annual income for the 2011 taxable year was $2,170,000,000,000. You have requested a credit limit of $17,000,000,000,000. These figures exceed the American Public's debt-to-income guidelines for credit issuance.
(2) Excessive spending. The receipts you provided indicate your annual expenditures for the 2011 fiscal year total $3,820,000,000,000, or $1,650,000,000,000 more than your total income for the year. The American Public prefers that its members of Congress maintain a positive or neutral rather than a negative cash flow.
I'm sorry Congressman Ruppersberger, but your credit application has been turned down