It's a Consensus! Better Listen! – UPDATE

Instapundit notes the economic news is pretty darned bad, and links to this smart stuff.

He also links to a CNBC report that says 150 economists “back U.S. House of Representatives Speaker John Boehner’s call to match any increase in the debt limit with spending cuts of equal size. . . ” including

“. . .Nobel laureate Robert Mundell of Columbia University and economists from schools like New York University and Georgetown University, as well as conservative think tanks like the American Enterprise Institute.”

Wow. Hey, if I recall my ManBearPig-and-Media 101 lessons, 150 respected economists and a Nobel Laureate indicates that this is an august consensus, and therefore “the math is settled.”

We’d better listen! Do you think the press will agree?

UPDATE: Oh, SNAP! Reynolds links here (thanks Glenn!) and totally one-ups me on the theme!. Well, I don’t begrudge it; he is the champ, after all. Welcome Instapundit readers. While you’re here, take a gander at the Summablog Facelift. It makes me happy!

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