The Chancellor’s busy defending/
Proposals for cutting back spending./
Censuring verbally/
Others’ hyperbole*,/
He notes the world isn’t ending.///
http://www.theguardian.com/media/2014/dec/04/bbc-defends-what-osborne-calls-hyperbolic-coverage-of-spending-cuts
*’A rhetorical figure which produces a vivid impression by extravagant and obvious exaggeration’.