In spite of what appears to be a nasty cold, Stephen Colbert was perfectly on point last night in discussing the Republican plan to hold a bogus vote against raising the Debt Ceiling while assuring their Wall Street backers that the U.S. will not default on its loans. Colbert points out that the GOP is “talking out of its ass” to one of its core constituencies, but asks us not to tell him whether it’s the big corporations or the Tea Party because he’s TiVo-ing the end of the economy.

Watch the video, from Comedy Central, below: