Last week we issued an analysis of the fiscal framework that President Obama recently unveiled. We noted that, while it was a strong step in the right direction, it still fell short of the debt reduction required. Well, the Onion has stepped in to fill the hole.

Saying the nation must face the "grave realities" of its mounting debt, President Barack Obama unveiled a deficit-reduction plan Wednesday that included far-reaching spending cuts, pulling off a daring robbery of the heavily fortified Fort Knox bullion deposi-tory, and repealing Bush-era tax cuts for the wealthy.

Let's hope the White House and Congress can come up with something a little more reasonable.

Read the full article here.