Washington (AP)
President George W. Bush signed a $400 billion defence spending bill into law today, bringing the United States Federal Government's total defecit to an estimated "6.2 Kajillion dollars" according to the National Association of Business Economists.

"The number is really irrelevant," said Lance Harbottle, spokesperson for the NABE. "There is no way the human mind can fathom the amount of money our government owes it's creditors, so we just settled on 6.2 Kajillion. We originally planned to announce that the defecit was 75 Kajillion Zillion dollars, but figured that was over the top."

The United States' defecit has spiraled in recent years due to the White House's insistance on tax cuts and massive military build up, despite almost flat economic growth, and a jobless recovery.

"To put this in perspective," continued Harbottle. "If the government defaults on the loans, California becomes a Credit Suisse protectorate. This spending bill alone is greater than the GDP for Australia. It boggles the mind."

Sources say the signing of the bill was delayed for over two hours due to the President's inability to "find his lucky pen."