WEST SEATTLE, Washington, January 10, 2010 (WSFB) – A recent audit of the debt situation in the United States shows that, due to an accounting error my a low level Treasury employee, China is actually in debt to the United States nearly one trillion dollars, and not the other way around.

The unnamed Treasury employee was auditing the official database that maintains the national debt record, and realized a co-worker had added in a place where he was supposed to subtract, resulting in an incorrect report on America’s debt to China.

As news spread of the error consumer spending went through the roof as Americans in mass took to electronics stores to spend this new found surplus of money on technology and goods shipped from China.  With a lower overall deficit higher lending amounts were approved, and the majority of shoppers finally began opening new credit cards with extremely high interest rates to finance their purchases.

The Obama administration welcomed the news as well, with President Obama reportedly kicking his feet up on his desk and asking his staff “can you believe this shit?”, while essentially guaranteeing a second term for himself.

While the Treasury employee responsible for the original error has since been terminated, FRB chairman Ben Bernanke reminded the nation that “we still owe Japan our ass on a silver platter.”