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10:20 AM ET, August 1, 2011

memeorandum

 Top Items: 
Paul Krugman / New York Times:
The President Surrenders  —  A deal to raise the federal debt ceiling is in the works.  If it goes through, many commentators will declare that disaster was avoided.  But they will be wrong.  —  For the deal itself, given the available information, is a disaster, and not just for President Obama and his party.
RELATED:
New York Times:
To Escape Chaos, a Terrible Deal  —  There is little to like about the tentative agreement between Congressional leaders and the White House except that it happened at all.  The deal would avert a catastrophic government default, immediately and probably through the end of 2012.
Chris Cillizza / Washington Post:
The debt-ceiling deal: Winners and losers  —  The debt ceiling fight is over.  The White House and congressional leaders have settled on a deal to raise the nation's debt ceiling, enact immediate spending cuts and, our favorite part, create a super-commission designed to trim the federal budget further by the end of the year.
Wall Street Journal:
A Tea Party Triumph  —  The debt deal is a rare bipartisan victory for the forces of smaller government.  —  If a good political compromise is one that has something for everyone to hate, then last night's bipartisan debt-ceiling deal is a triumph.  The bargain is nonetheless better …
Peter Wallstenand David Nakamura / Washington Post:
Did Obama capitulate — or is this a cagey move?  —  It was President Obama's bottom line, a position he repeated in every recent public utterance on his debt-ceiling talks with Congress: Any deal must be “balanced” with spending cuts and tax increases.  —  But in his eleventh-hour stare …
Elise Foley / The Huffington Post:
Durbin: Debt Deal Will Be The Death Of Keynesian Economics … WASHINGTON — The Republicans are killing Keynesian economics with their attempt to cut spending as the economy rebounds from a recession, Senate Majority Whip Dick Durbin (D-Ill.) said in a floor speech on Sunday.
Marc A. Thiessen / Washington Post:
How the Tea Party ‘hobbits’ won the debt fight  —  The Tea Party came under fire from all sides Friday after House conservatives nearly brought down Speaker John Boehner's debt-limit bill.  John McCain went to the Senate floor to mock Tea Partyers as “hobbits,” and Democratic Rep. Chris Van Hollen …
Discussion: The Politico, JustOneMinute and CNN
Washington Post:
White House, congressional leaders reach debt-limit deal  —  President Obama and congressional leaders Sunday night sealed a deal to raise the federal debt limit that includes sharp spending cuts but no new taxes, breaking a partisan impasse that has driven the nation to the brink of a government default.
Greg Sargent / Washington Post:
GOP on verge of huge, unprecedented political victory  —  By all accounts, it looks like a deal is about to be announced in which the debt ceiling is hiked in exchange for the promise of major spending cuts, including to entitlements, totalling at least $2.4 trillion.
Brian Beutler / TPMDC:
Reid Agrees To Major Debt Limit Deal — Here's What He's Signed Off On
New York Post:
Floundering Obama aims for '12 miracle
Discussion: National Review
CNN:
Debt deal vote likely on Monday, party sources say
Discussion: Swampland and The Jawa Report
Steven T. Dennis / Roll Call:
Debt Deal Emerging With Rightward Tilt  —  President Barack Obama's rightward lurch to reach a $3 trillion deficit reduction deal with no guarantee of additional revenues had liberals fuming and Republicans all but declaring victory Sunday afternoon.  —  With time running out to reach …
RELATED:
Rachelle Younglai / Reuters:
House Democrats might not back debt deal: Pelosi
Alexander Bolton / The Hill:
Reid, McConnell endorse deal, will present to rank-and-file Monday
Discussion: The Politico, TPMDC and Wonkette
New York Times:
From Spending to Cuts, While the Economy Stalls  —  WASHINGTON — The nation's political leaders agreed on Sunday to spend and invest less money in the American economy, a step that economists said risks the reversal of a faltering recovery, in the hope of improving the nation's long-term prosperity.
RELATED:
Ezra Klein / Washington Post:
A deal that found the lowest-common denominator  —  (Alex Wong - VIA BLOOMBERG) Assuming no hiccups in the House — and that might be a big assumption — we've got a deal.  The deficit-reduction side includes $1 trillion in cuts now, $1.5 trillion (or more) in deficit reduction later, and a vote on a balanced budget amendment.
RELATED:
James Pethokoukis:
Debt ceiling update: tax increases still a no-go
Nicholas Schmidle / New Yorker:
GETTING BIN LADEN … - POLITICS - PROFILES - THE TALK OF THE TOWN - COMMENT - THIS WEEK'S ISSUE - THE FINANCIAL PAGE - NEWS DESK - THE POLITICAL SCENE
Discussion: Ben Smith's Blog
Christian Heinze / GOP 12:
Palin film disappears at box office  —  The pro-Sarah Palin documentary, The Undefeated, suffered another huge drop in ticket sales over the weekend, earning just over $5,000.  —  Its weekend grosses:  —  July 29-31: $5,200 in 4 theatres.  —  July 22-24: $24,664 in 14 theatres.
Discussion: Taegan Goddard's …
David Morgan / Reuters:
White House adviser says deficit deal will pass Congress  —  (Reuters) - White House senior adviser David Plouffe said on Monday that he believes the newly minted deal to raise the U.S. debt ceiling will pass both houses of Congress and be signed into law by President Barack Obama.
RELATED:
Mickey Kaus / The Daily Caller:
1) Exactly why is it important that the “sequester"-the across …
Pamela Geller / Atlas Shrugs:
Summer Camp?  Antisemitic Indoctrination Training Center … The day of the Norway shooting, I was blindsided by one of the survivor's statements to the press immediately after the shooting (see above).  It was so outside the box, I thought it was the kneejerk response of an anti-semite in shock.
Associated Press:
Deadly Syrian crackdown continues  —  Fresh attacks reported in Deir ez-Zor, a day after 142 people reported killed in Hama and elsewhere in the country.  —  Syrian forces have killed nearly 142 people, including at least 100 when the army attacked the flashpoint protest city of Hama …
Discussion: AMERICAblog News and Politics
RELATED:
Jim McElhatton / Washington Times:
Biden charging Secret Service for cottage rental  —  The U.S. Secret Service does more than protect Vice President Joseph R. Biden Jr. — the agency also pays him rent.  —  Since April, Mr. Biden has collected more than $13,000 from the agency charged with protecting him and his family …
Directorblue / Doug Ross:
WARNING: Do not show this chart to a liberal (unless wearing headgear to protect you from a cranium exploding into high-velocity brain-shrapnel)  —  A couple of observations about this graph:  —  • The vaunted “Clinton Surplus” was, in fact, the work of a GOP House that was willing …
 
 
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 More Items: 
Thomas Lane / Talking Points Memo:
Waking Up With A Horse's Head In Your Bed
Discussion: Althouse
P.M. Carpenter / p m carpenter's commentary:
Unrestrained lunacy  —  John Boehner emailed his accomplices this afternoon that:
Discussion: The Hill and The Politico
Julian Sanchez / New York Post:
Congress out to spy on your 'puter
Sig Christenson / Houston Chronicle:
Some in Killeen worry they're a target
Discussion: This ain't Hell …
Mark J. Perry / CARPE DIEM:
The Mancession Continues: Men Have Lost 192 Jobs for Every 100 Jobs Lost by Women Since Jan. 2008
Frank Donze / New Orleans Times-Picayune:
Edwin Edwards is barely singed at 84th birthday roast
Discussion: Hotline On Call and RedState
Kevin G. Hall / McClatchy Washington Bureau:
Experts: Debt deal avoids tackling hard questions
 Earlier Items: 
Menzie Chinn / Econbrowser:
Tales from the GDP revisions
Discussion: Grasping Reality …
Simonhernandezarthur / CNN:
Bachmann cuts Iowa swing short
Robert / Jihad Watch:
New York Times concedes that Spencer and other anti-jihadists are not responsible for Norway murders
Voice of America:
Remake of history
Discussion: Weasel Zippers and Jihad Watch
MyFOX Detroit:
Agents Raid Wrong House in Sterling Heights