08/02/2011 01:50 pm ET Updated Dec 06, 2017

Colbert Explains Obama, GOP Debt Deal With Billy Goats Gruff Analogy (VIDEO)

For those of us who have been struggling to make sense of how the debt deal played out and why it seems like President Obama gave away the farm, Stephen Colbert has come up with a helpful analogy. When you understand that the GOP are the Billy Goats Gruff and Obama is the bridge troll, it all starts to come together.

It's often said that the definition of insanity is doing the same thing over and over again and expecting different results. Curiously enough, that also seems to be the definition of being a bridge troll.