For Immediate Release:Click here to read the whole thing. Rather than weep as our national debt expands faster than the waistline of a chocoholic, can we laugh at those who lead us? Yes, we can!
Statement by Treasury Secretary Henry M. Paulson Jr. following Congress’s passage of today’s rescue package:
As we all know, lax writing practices earlier this decade led to irresponsible writing and irresponsible reading. This simply put too many families into books they could not finish. We are seeing the impact on readers and neighborhoods, with five million Americans now behind on their reading. Some are just walking away from novels they should never have been reading in the first place. What began as a subprime reading problem has spread to other, less-risky readers and contributed to excess inventories.
These troubled novels are now parked, or frozen, on the shelves of libraries, bookstores and other reading institutions, preventing these institutions from financing readable novels. The normal buying and selling of nearly all types of literature has become challenged.
(Picture: CC 2007 by arjecahn; Hat Tip: Nathan Bransford - Literary Agent)