Obama's Bold New Plan: Lower the Debt Floor. Finish the Basement.

---- WASHINGTON, D.C. ----

"Yes we can" said the President, unveiling a last ditch effort to salvage the nation's triple A credit rating and avoid running into the debt ceiling next week.

In a surprise move, the President will exercise his executive authority to lower the debt floor.

"This plan doesn't just let us spend more. It also opens up some space down here at the bottom of the chart for my man cave."