Rapping comedian Remy drops a beat on the debt debate swirling in Washington.
REASON.TV - A rapping comedian added rhymes and a hip hop beat to the debt ceiling debate that has lawmakers locked in negotiations in Washington.
The video, released on the web site Reason.tv, shows rapper Remy in a gold dollar sign necklace and rings tossing dollar bills into the air.
"Fourteen trillion in debt, yet we ain't got no qualms -- dropping hundred dollar bills and million dollar bonds," Remy raps in front of a backdrop of the U.S. capitol.
The refrain "Raise the debt ceiling" repeats throughout the spoof song.
The video went viral online as Republicans and Democrats rushed to rework rival deficit reduction plans on Wednesday (July 27). Both proposals were heavily in doubt as lawmakers pursued compromise to avert a crippling U.S. debt default.
The satire mocks this legislative process in a section in which Remy dresses up as a wonky senator and chairman of the "Committee on Spending a Crap Ton of Money."
With the deadline for default less than a week away, global stock markets fell sharply on growing fears that the two sides will fail to break the stalemate.
Default would mean the United States would not be able to borrow more money after August 2 and could run out of cash to pay all of its bills - a fear Remy also refers to in his rap.
"Printin' the cash, inflatin' the monies, callin' up China, eh yo, we straight out of 20s."