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SNL: Obama Admits, 'I Really Have No Idea How Money Works

SNL: Obama Admits, 'I Really Have No Idea How Money Works


Saturday Night Live's President Barack Obama tried to put a human face on the effects of sequestration -- a difficult task, he admitted to the nation, because "I really have no idea how money works or budgets work."

But everyone's making sacrifices, he said -- "Michelle will only do four television appearances a week, down from her usual 75."

Bringing up a parade of federal workers to explain the toll the forced budget cuts will take on their jobs, one Border Patrol agent said they'll now have to let every 10th Mexican across the border, while an astronaut said their helmets will no longer have glass in the front and they'll have to hold their breaths when they do spacewalks.

It wasn't all bad news, though: One schoolteacher was actually delighted she lost her job and doesn't have to teach "Beowulf" to nightmare teenagers anymore.

But whatever the difficulties now, Obama said, America will make it through.

"Trust me, nine months from now, you won't remember this sequester ever happened," he said. "Why? Because there will be another way worse financial crisis to deal with."

Watch the full clip below, via NBC:

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