First, the Obama administration and the liberal news media tried to tell us that cutting a small fraction of the federal budget for this year (a. k. a. “the sequester”) would inflict unspeakable misery on America.  Then they said, No, wait, never mind, you probably won’t even notice it!

Now that the much-anticipated day has arrived, Jim Geraghty has a hilarious round-up of satirical conservative reactions.  More under #OnTheSceneSequesterReport.

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The National Debt

April 19, 2011

Paul Ryan vs. the status quoA credit-rating agency warned yesterday that the United States may not be able to make good on its debt.  The agency said the odds are one in three that the United States will lose its AAA rating in the next two years, which would make it harder for the United States to borrow money, at higher interest, triggering a catastrophic debt spiral.  NRO’s Kevin Williamson gives some good background and explanation, while NRO editor Kathryn Jean Lopez points out that if you read National Review, you would have seen this coming.

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Republican House speaker John Boehner and Democrat Senate majority leader Harry Reid appear to have reached a final deal on this year’s budget.

If you’re just joining us, the Democrats didn’t pass a budget last year for this fiscal year (October 2010 to September 2011), possibly because they could already see the rising tide of public sentiment against government spending and thought passing any kind of Democrat budget would only hurt them even further in last November’s elections.  Read the rest of this entry »