Decades ago I heard a rendition of the song by a comedian who IIRC, had bit about how could the song be any more sad;
“Back on the shore
there was no insurance
so the kids turned to drugs and
prostituution...”
Was it that long ago? My how the time flies. You're remembering Richard Jeni's version the song. Jeni (despite skewering us conservatives first) made me bust out laughing with his description of political extremism.