National Journal N2K budget memo

National Journal N2K budget memo

APOCALYPTIC PLEASANTRIES. After the pomp and circumstance of the first day of the 112th Congress, a slightly less-noticed formal affair last night: the inaugural “Fiscy Awards,” which recognized Rep. Paul Ryan, R-Wis., Sen. Kent Conrad, D-N.D., and Republican Gov. Mitch Daniels of Indiana for their efforts to implement responsible budgets. The awards, given by the heads of the Comeback America Initiative, the Concord Coalition, and the CRFB, were presented at the Newseum in what might have been the most pleasant of all debt discussions to take place in Washington. The three honorees praised each other, punctuating doomsday talk with jokes about being cheap. A panel at the end, though, was sobering: David Walker of the Comeback America Initiative warned that “we’re already worse than Ireland, we’re already worse than Spain, we’re already worse than Portugal, we’re already worse than the United Kingdom, and we’re within three years of being where Greece was.”

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