From the Archives

Paul Krugman makes his own case for satire being the new news:

To understand where the budget deficit came from, you can't do better than the Jan. 18, 2001, issue of the satirical newspaper The Onion, which predicted the future with eerie precision. "We must squander our nation's hard-won budget surplus on tax breaks for the wealthiest 15 percent," the magazine's spoof had the president-elect declare. "And, on the foreign front, we must find an enemy and defeat it."

As a longtime Onion reader (it originally was published in Madison) I think I remember the story itself--the headline, IIRC was "Our Long Nightmare of Peace and Prosperity is Finally Over." Damn if they weren't dead on accurate.