—apologies to Paul Simon, and “One Man’s Ceiling is Another Man’s Floor”
There is a debt ceiling here
Because we’re deeply in the red
And there’s some hard feeling on
The Congress floors
Because the Tea Party oppose
What the Democrats propose
To raise taxes and to spend a lot more
It’s just those no-budget blues
And when you spend without rules
A raised debt ceiling
Is a new spending floor
A raised debt ceiling
Is a new spending floor
Where did the Stimulus go?
Don’t you ask the CBO
No shovel-ready jobs materialized
They say that the economy
Has had a big recovery
But instead I believe my own eyes
They want to savage defense
And bloat up entitlements
Remember new debt ceilings
Are a new spending floor
New debt ceilings
Are a new spending floor
But the economy could be rebuilding
If Congress would just reshuffle the game
Stop spending more than it makes
No matter how much it takes
Regulatory agencies must be tamed
[Instrumental interlude]
New debt ceilings are a new spending floor
You bet
New debt ceilings are a new spending floor…
[Instrumental fadeout]
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