Came accross this bit of doggeral on NPR's Planet Money. NPR introduces the song: "A song about sovereign debt, with apologies to Paul Simon."
The problem is all inside your head, she said to me,
You can't pay back 200 percent of GDP,
You have to negotiate, if you want your country free,
There must be 50 ways to leave your lender.
You really don't want the IMF to intrude,
Furthermore, they'll force austerity for the interest that's accrued,
Imagine your middle class, subsisting on cat food,
There must be 50 ways to leave your lender.
Fifty ways to leave your lender.
You just stretch out the loan, Joan,
Cut the creditors' hair, Claire,
Or boost GDP, Lee,
Just listen to me.
Print more money, honey.
No need to pay back, Jack!
Structure a default, Walt.
And get yourself free.