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5:35 PM ET, April 13, 2011

memeorandum

 Top Items: 
Paul Krugman:
The Budget Speech  —  Style: I liked the way Obama made a case for government at the beginning.  I liked the way he accused Republicans of pessimism, of abandoning a hopeful vision of America.  Good that he went after the Ryan plan — and good that he went after the cruelty of that plan.
RELATED:
David Leonhardt / New York Times:
Do-Nothing Congress as a Cure  —  A trick question: If Congress takes no action in coming years, what will happen to the budget deficit?  —  It will shrink — and shrink a lot.  This simple fact may offer the best hope for deficit reduction.  —  As federal law currently stands …
Annie Lowrey / Slate:
How Congress can balance the budget in eight years by literally doing nothing.  This is not a joke.  —  The Simpson-Bowles blue-ribbon deficit commission longs to slash Social Security and defense spending.  The Bipartisan Policy Center's Alice Rivlin and Peter Domenici yearn for a value-added tax.
Michael D. Shear / New York Times:
Obama Urges Cuts and Taxes on the Rich  —  WASHINGTON — President Obama called for cutting the nation's budget deficits by $4 trillion over the next 12 years in a 43-minute speech at George Washington University on Wednesday, countering Republican budget plans with what he said was a more balanced approach …
RELATED:
Michael O'Brien / The Hill:
Obama speech to focus on four steps for fiscal reform  —  In a major speech Wednesday on fiscal policy, President Obama will lay out four steps he thinks the federal government should take if it wants to balance its budget.  —  Obama will talk about the need to keep domestic spending low …
New York Times:
Obama's Speech on Reducing the Budget (Text)  —  Following is a prepared text of President Obama's debt-reduction speech, to be delivered on Wednesday at The George Washington University, as released by the White House:  —  Good afternoon.  It's great to be back at GW.
Andrew Malcolm / Top of the Ticket:
Why Obama was forced to give today's deficit speech
Discussion: Pajamas Media, Don Surber and Corrente
Bloomberg:
Obama Offers Plan to Trim $4 Trillion From Deficit in 12 Years
Discussion: Wonkette
Washington Wire:
Text of Obama Speech on the Deficit  —  Here is the prepared text of President Barack Obama's speech on the deficit, as released by the White House:  —  Remarks of President Barack Obama - As Prepared for Delivery  —  The Country We Believe In  —  The George Washington University  —  Washington, D.C.
RELATED:
NationalJournal.com:
Text of Obama's Speech: 'I'm Proposing a More Balanced Approach'
Garance Franke-Ruta / The Atlantic Online:   Obama's Deficit Speech (Transcript)
Steve Benen / Washington Monthly:
THE PRESIDENT'S ROUSING REJECTION OF REPUBLICAN RADICALISM. …
The Note:
Asleep on the Job: What Was Vice President Joe Biden Doing During Obama's Debt Speech?  —  ABC's Z. Byron Wolf reports:  —  Vice President Biden chose an inopportune time for either a nap or some deep reflection today.  —  As President Obama weighed in on one of the most important issues of the day …
RELATED:
Taegan Goddard's Political Wire:
Did Obama Put Biden to Sleep?
Discussion: Outside the Beltway
Ben White / The Politico:
Wall Street executives warn John Boehner on debt limit  —  NEW YORK — Republicans are growing increasingly concerned about the impact a bruising fight over raising the nation's $14.29 trillion debt ceiling could have on U.S. financial markets.  —  House Speaker John Boehner (R-Ohio) …
RELATED:
Erik Wasson / The Hill:
Boehner sees ‘hollow targets’ in speech; Ryan calls it ‘hopelessly inadequate’
Discussion: Cubachi
Terence P. Jeffrey / CNSNews:
Cantor in 2010: ‘Beyond Comprehension’ To Lift Debt Limit to $14.294 Trillion
Joe Weisenthal / Associated Press:
WHOOPS: AP Falls For Hoax Press Release Saying That GE Will Repay Government $3.8 Billion Tax Break  —  Original post: The AP just fell for a hoax press release, which claimed that GE would repay the government the $3.8 billion tax loss carryforward it received.
RELATED:
Glenn Greenwald / Salon:
Obama's “bad negotiating” is actually shrewd negotiating  —  In December, President Obama signed legislation to extend hundreds of billions of dollars in Bush tax cuts, benefiting the wealthiest Americans.  Last week, Obama agreed to billions of dollars in cuts that will impose the greatest burden on the poorest Americans.
Lauraklairmont / CNN:
LensCrafters v. Bachmann  —  Washington (CNN) - The optics don't look great for Minnesota Rep. Michele Bachmann.  That is, if you're talking about her relationship with LensCrafters, the one-stop shop of eye care and eyewear.  —  The possible GOP presidential candidate supported her belief …
Discussion: Roll Call and TPMDC
The Daily Beast:
Sidney Harman 1918-2011  —  Sidney Harman died last night of complications from acute myeloid leukemia at the young age of almost 93.  He first learned of his illness one month ago and remained vigorously engaged as Executive Chairman of Newsweek, and Chairman of the Academy for Polymathic Study …
Blogger Bob / The TSA Blog:
Screening of 6 Year-Old at MSY  —  A video taken of one of our officers patting down a six year-old has attracted quite a bit of attention.  Some folks are asking if the proper procedures were followed.  Yes.  TSA has reviewed the incident and the security officer in the video followed the current standard operating procedures.
Discussion: The Daily Caller
RELATED:
Andrew Springer / ABCNEWS:
Parents of 6-Year-Old Girl Pat Down at Airport Want Procedures Changed
Thomas L. Friedman / New York Times:
Pray.  Hope.  Prepare.  —  When I was in Cairo during the Egyptian uprising, I wanted to change hotels one day to be closer to the action and called the Marriott to see if it had any openings.  The young-sounding Egyptian woman who spoke with me from the reservations department offered …
Susan Crabtree / TPMDC:
Graham Vows To ‘Tie Senate In Knots’ Over $50K Left Out Of Budget Deal  —  Not all Republicans were celebrating Tuesday about the fine print of the $38.5 billion in cuts House Republicans managed to wrangle in last week's 11th-hour budget showdown.  Tea Party loyalists who wanted tens …
The Politico:
COLBERT KEEPS TWITTER HEAT ON KYL  —  Sen. Jon Kyl's claim that “well over 90 percent of what Planned Parenthood does” is abortion-related is getting a continued skewering from political comedians.  —  Comedy Central late-night hosts Stephen Colbert and Jon Stewart have since Monday laid …
John Melloy / Fast Money:
Inflation Actually Near 10% Using Older Measure  —  After former Federal Reserve Chairman Paul Volcker was appointed in 1979, the consumer price index surged into the double digits, causing the now revered Fed Chief to double the benchmark interest rate in order to break the back of inflation.
Robert Costa / National Review:
DeMint Not Interested in Veep Slot  —  Sen. Jim DeMint of South Carolina, a leading conservative in the upper chamber, continues to say that he will not run for president in 2012.  But what about the veep slot?  In an interview with National Review Online, DeMint says that he has little interest …
Discussion: The Hill, GOP 12, CNN and Cubachi
 
 
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 More Items: 
Sean J. Miller / Ballot Box:
Obama helps Florida Sen. Nelson post big fundraising quarter
Discussion: CNN
Josh Gerstein / The Politico:
Kerry: Obama wasted 1 1/2 years on Mideast peace, may try again soon
Barry Ritholtz / The Big Picture:
Case Shiller 100 Year Chart (2011 Update)
Discussion: The Atlantic Online and Cafe Hayek
J. Bradford DeLong / Brad DeLong's Grasping Reality …:
The Obama Deficit Reduction Framework...
Alexander Burns / The Politico:
Florida stands its ground on 2012 primary calendar fight
Discussion: CNN
occ.treas.gov:
OCC Takes Enforcement Action Against Eight Servicers for Unsafe and Unsound
Kevin Drum / Mother Jones:
Getting Real About the Deficit
Chris Moody / The Daily Caller:
Capitol Hill staffers line up for free Botox
Discussion: Weasel Zippers
 Earlier Items: 
Dan Barry / New York Times:
As the Mountaintops Fall, a Coal Town Vanishes
Digby / Hullabaloo:
It's Morning  —  This piece from National Journal explains all:
Ann Barnhardt / American Thinker:
The Keystone of the Islamic Milieu: Inbreeding
Discussion: Right Wing News
 

 
From Mediagazer:

Katie Robertson / New York Times:
G/O Media sells The Onion to Global Tetrahedron, a new Chicago firm owned by former Twilio CEO Jeff Lawson; former NBC News senior reporter Ben Collins is CEO

Alex Sherman / CNBC:
Sources: Paramount and Skydance move closer to a deal, but Paramount's renewal agreement with Charter, which has an April 30 deadline, is a significant hurdle

Wall Street Journal:
A look at the competition for NBA live sports media rights after the 2024-25 season, involving Amazon's Prime Video, YouTube, NBCUniversal, Disney, and WBD

 
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