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3:10 PM ET, April 13, 2011

memeorandum

 Top Items: 
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 …
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 …
RELATED:
Mike Lillis / The Hill:
Left's angst grows over Obama's shift  —  Anxiety over President Obama's shift to the political center is threatening to alienate the White House's liberal base.  —  As Obama prepares Wednesday to outline his deficit reduction strategy, liberals worry he'll embrace Medicare and Medicaid cuts …
Jordan Fabian / The Hill:
GOP senators: Raise retirement age to 70  —  Three Republican senators on Wednesday will propose a Social Security reform package that would raise the retirement age to 70 and cut benefits for the wealthy.  —  Sens. Lindsey Graham (S.C.), Rand Paul (Ky.) and Mike Lee (Utah) …
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:
Terence P. Jeffrey / CNSNews:
Cantor in 2010: ‘Beyond Comprehension’ To Lift Debt Limit to $14.294 Trillion
Discussion: protein wisdom
Michael O'Brien / The Hill:
Dems revive same line of attack against Boehner in debt ceiling fight
Discussion: Weasel Zippers
Andrew Malcolm / Top of the Ticket:
Why Obama was forced to give today's deficit speech  —  If President Obama is in political trouble, just wait a minute.  He'll give a speech.  He thinks speech-making is his best skill and clearly prefers campaigning over presidenting at a desk.  —  Oh, look!  Obama's giving another speech this afternoon.
Discussion: Corrente
RELATED:
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.
Matthew Tully / Indianapolis Star:
Will Daniels seek presidency?  Sounds like it  —  Wearing a green jacket that made him look like he'd just won the Masters, Gov. Mitch Daniels on Tuesday talked about the “savage process” politicians go through when running for president, and about the “certainty of hurtful things” occurring to the families of those seeking the job.
RELATED:
Mary Beth Schneider / Indianapolis Star:
Daniels' presidential run would take on big issues
Kasie Hunt / The Politico:
Mitt Romney to birthers: Barack Obama was born here. Period.
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:
Samuel Winnacker / genewscenters.com:
GE Responds to Public Outcry - Will Donate Entire $3.2 Billion Tax Refund to Help Offset Cuts and Save American Jobs  —  Fairfield, CT, 13th April, 2011- GE CEO Jeffrey Immelt has informed the Obama administration that the company will be gifting its entire 2010 tax refund, worth $3.2 Billion …
Discussion: GOOD, Mediaite, The Raw Story and Poynter
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.
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 …
Glenn Harlan Reynolds / Wall Street Journal:
Old Enough to Fight, Old Enough to Drink  —  Republicans can make up for a Reagan-era error by returning this issue to the states.  —  'If you get shot at, you can have a shot.  " That's the rationale behind Alaska State Representative—and Vietnam veteran—Bob Lynn's effort to establish …
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.
Digby / Hullabaloo:
It's Morning  —  This piece from National Journal explains all: … There you have it.  8.8% unemployment is no reason not to cut spending and we need to think about the future.  But I have a sneaking suspicion that the futures of people who are financially suffering are impacted quite a bit.
Discussion: Firedoglake
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 …
Eric Lichtblau / New York Times:
Lobbyists Won Key Concessions in Budget Deal  —  WASHINGTON — At a quarter till midnight last Friday, with a deal to avert a government shutdown barely an hour old, Senator Harry Reid phoned a fellow Democratic senator, Ron Wyden, at home and startled him with some bad news.
Quinnipiac University:
New York's Cuomo Outscores Christie, Other Governors In States Polled By Quinnipiac University; More New Yorkers Approve Of New State Budget  —  New York Gov. Andrew Cuomo has a 64 - 16 percent job approval rating among registered voters, higher than the governors in any state polled by Quinnipiac University so far this year.
Discussion: The Moderate Voice and CNN
Jim Hoft / The Gateway Pundit:
Oops... NY Times Admits That Obama's Economic Policies Have Failed - Then Quickly Scrubs the Line  —  The New York Times released a rare and honest appraisal of of Barack Obama's failed economic policies yesterday.  —  Economix Blog reported: … But, that wasn't posted long.
Ann Barnhardt / American Thinker:
The Keystone of the Islamic Milieu: Inbreeding  —  The darkest hour is just before dawn.  A huge swath of this planet, from the Straits of Gibraltar to the Philippine Sea, has been held in a synthetic, forced nightfall for nearly fourteen centuries.  But the sunrise is coming …
Discussion: Right Wing News
 
 
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 More Items: 
Alex Isenstadt / The Politico:
Dems launch super PAC aimed at House races
Discussion: CNN and Washington Post
Christopher Bodeen / Associated Press:
Emerging economies face watershed moment at summit
Discussion: Pajamas Media and PoliPundit.com
Chris Moody / The Daily Caller:
Capitol Hill staffers line up for free Botox
Discussion: Weasel Zippers
Dan Barry / New York Times:
As the Mountaintops Fall, a Coal Town Vanishes
Nicholas Ballasy / CNSNews:
Sen. McCain: ‘Unless We Enact Draconian Measures,’ America Faces a ‘Fiscal Meltdown’
Discussion: Moonbattery
Andrew Springer / ABCNEWS:
Parents of 6-Year-Old Girl Pat Down at Airport Want Procedures Changed
 Earlier Items: 
Shane D'Aprile / Ballot Box:
West to critics: Beware whom you target
Discussion: Weasel Zippers
Wall Street Journal:
Spending Cut Hokum
Patrick Martin / Globe and Mail:
Egypt junta bows to protesters, Mubarak and sons jailed
Shane D'Aprile / Ballot Box:
Tea Party group warns GOP members: Shape up or face primaries
Discussion: Weasel Zippers
Isabel Kershner / New York Times:
Diplomatic Breakdown Amid Bieber Fever in Israel
Discussion: Haaretz and Global Public Square
Alexander Burns / The Politico:
Wisconsin previews 2012 chaos
Matt Taibbi / Rolling Stone:
The Real Housewives of Wall Street
 

 
From Mediagazer:

First Look Media:
The team Matt Taibbi hired at First Look Media is being let go

Joe Pompeo / Capital New York:
NYT editor Dean Baquet's newsroom memo on the hiring of Kinsey Wilson

Alex Weprin / Capital New York:
BuzzFeed passes $100M in revenue for 2014, promises staff Apple Watches if traffic goals hit

 
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