This week’s video, entitled “Debt Limit—A Guide to American Federal Debt Made Easy,” draws a satirical analogy between a deep-in-debt American householder approaching his banker to raise his debt limit to the recent deal to raise the U.S. federal debt limit

Man to banker: “I’d like to raise my debt limit.”

Banker: “Excuse me? Because the last time I checked, Mr. Smith, you were in serious debt.”

Excuse me, indeed.

Mr. Smith, it turns out, is carrying more than $140,000 in debt and has an annual income of about $21,000. “So you’re adding about $17,000 a year in debt,” his banker points out.

Smith doesn’t see a problem. “Right, so I figured we should raise that limit to about $170,000. I just bought a 60-inch flat screen. Have you ever been to Australia?”

As the banker, ever more incredulous, continues to question Smith, we learn that Smith and his wife have managed to cut an entire $380 from their annual budget. “Brutal,” Smith comments.

But the real punch line comes near the end, as Smith’s infant daughter scrawls across the loan agreement.

“Aren’t kids a blessing?” Smith says. “I mean she’s got plenty of time to deal with all this, right?”

“Absolutely,” replies the banker as the deal is sealed.

Just to make sure no one misses the point, two charts compare the Smith’s $380 spending cuts and the U.S. congressional deal to cut $38.5 billion in government spending in exchange for raising the federal debt ceiling by $1.65 trillion—both totaling approximately 1% of their respective annual budgets.

“Let’s go, kiddo,” Smith says as he prepares to leave the banker’s office. “We’ve gotta meet mommy at the car store.”