Reykjavik Iceland, USA – Following the collapse of the Icelandic government, President Barack Obama signed the historic “Iceland Purchase” on Tuesday. This led to the immediate ratifying of “Proposition 32 Degrees” which led to the subsequent announcement that Iceland has become the 51st State.

The addition has been a godsend for the people of Iceland as the the Icelandic Krona has been devalued by the bankruptcies of several Icelandic banks as what was one of the richest countries has been in a downward spiral for months. Former King or President or whatever they used to have over there, Fjorn Guunderstansinhammerstiln summed it up, “look, we had everything under control in June when we invested in that sundial company… it was sunny, like, all the time[referring to Iceland's summer solstice]. But when the winter came and it got dark all the time, we were all like, oh shit… totally fucked. Each and every citizen used to have their very own hat made out of baby seal, now there’s barely enough rotten shark to eat. I mean, poor Bjork has barely been able to buy enough pixie dust to sprinkle on her Unicorn farm. Its awful. Thank the Viking Gods that American bought us.”

News of the 51st state immediately led 35,540,342 Americans to immediately point out that Greenland is actually mostly ice and Iceland is mostly green. Bjork and Sugar Rios Cd’s have been flying of the shelf all day. Plus, Jim Kramer of TV’s “Mad Money” almost went into cardiac arrest while yelling for a full one hour show for viewers to invest in flag companies as every single US flag will need to be replaced or at least outfitted with a “51st star expansion pack.”

Following Iceland’s acceptance as the 51st member of the United States, President Obama immediately deployed apple pies, cheeseburgers, Julia Roberts and baseballs to Iceland. The Puffin was immediately named the state bird for the new “Ice State” and the state motto was announced as “Totally way colder then Alaska.”

Republicans all over the country are declaring this as a great day for America. Senate Minority Leader Mitch McConnell (R-KY) added, “by adding Iceland we’ve lowered the United States’ overall temperature thereby solving global warming. Al Gore can shove it. I’m going to buy a Hummer when I get back to Louisville! Oh and by the way, screw Puerto Rico.”

Former President George W. Bush released a statement from his Texas Ranch, “This is a great day for the American people, as America will finally be able to harness the recipe for Ice. We were “this close” when I was the President, but I just kept coming up lukewarm. Heh heh.”