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10:35 AM ET, February 1, 2010

memeorandum

 Top Items: 
Jonathan Weisman / Wall Street Journal:
Deficit to Hit All-Time High  —  Obama's $3.8 Trillion Budget Forecasts a $1.6 Trillion Shortfall for 2010 Before It Drops  —  WASHINGTON—President Barack Obama will propose on Monday a $3.8 trillion budget for fiscal 2011 that projects the deficit will shoot up to a record $1.6 trillion this year …
RELATED:
Jackie Calmes / New York Times:
Deficit to Grow $100 Billion Under New Obama Budget  —  WASHINGTON — President Obama sent Congress on Monday a proposed budget of $3.8 trillion for the fiscal year 2011, saying that his plan would produce a decade-long reduction in the deficit from $1.6 trillion this year …
Lori Montgomery / Washington Post:
Obama unveiling $3.8T federal budget blueprint  —  The $3.8 trillion budget blueprint President Obama is submitting to Congress on Monday calls for billions of dollars in new spending to combat persistently high unemployment and bolster a battered middle class.
CBS News:
Obama's $3.8T Budget Heads to Congress
Discussion: TalkLeft and Dennis the Peasant
Sam Dillon / New York Times:
Obama to Seek Sweeping Change in ‘No Child’ Law  —  The Obama administration is proposing a sweeping overhaul of President Bush's signature education law, No Child Left Behind, and will call for broad changes in how schools are judged to be succeeding or failing, as well as for the elimination …
RELATED:
Guardian:
US raises stakes on Iran by deploying missile shield  —  Pentagon says Patriot shield will deter strike on American allies in the Gulf  —  Tension between the US and Iran heightened dramatically today with the disclosure that Barack Obama is deploying a missile shield to protect American allies in the Gulf from attack by Tehran.
Fouad Ajami / Wall Street Journal:
The Obama Spell Is Broken  —  Unlike this president, John Kennedy was an ironist who never fell for his own mystique.  —  The curtain has come down on what can best be described as a brief un-American moment in our history.  That moment began in the fall of 2008, with the great financial panic …
Elisabeth Bumiller / New York Times:
Forces Pushing Obama on 'Don't Ask, Don't Tell'  —  WASHINGTON — President Obama and top Pentagon officials met repeatedly over the past year about repealing “don't ask, don't tell,” the law that bans openly gay members of the military.  —  But it was in Oval Office strategy sessions …
Glenn Thrush / Glenn Thrush's Blog:
Hoekstra: Ax Xmas bomber remark is “crazy”  —  Following up on the theme I struck on the night of Scott Brown's victory: Despite all the Dem self-congratulation about the Trippi-Plouffe social networking political revolution, Republicans are absolutely killing Democrats when it comes to leveraging the web to go negative.
RELATED:
Stephen F. Hayes / Weekly Standard:
Axelrod: “We Have Not Lost Anything” by Giving Abdulmutallab Miranda Rights
The Politico:
Democrats squabble over jobs bill  —  Democrats from the president on down say jobs are their No. 1 priority, and Senate Majority Leader Harry Reid expects to announce details of a bill this week.  But a squabble among Senate Democrats is complicating early efforts to bring a bill to the floor.
Discussion: Guardian and SENATUS
RELATED:
Paul Krugman / New York Times:
Good and Boring  —  In times of crisis, good news is no news.  Iceland's meltdown made headlines; the remarkable stability of Canada's banks, not so much.  —  Yet as the world's attention shifts from financial rescue to financial reform, the quiet success stories deserve at least as much attention as the spectacular failures.
Discussion: Prairie Weather
Times of London:
Lloyd Blankfein of Goldman Sachs ‘expecting $100 million bonus’  —  Goldman Sachs, the world's richest investment bank, could be about to pay its chief executive a bumper bonus of up to $100 million in defiance of moves by President Obama to take action against such payouts.
Marc Ambinder / The Atlantic Politics Channel:
Should Edwards Aides Be Shamed And Blamed?  —  Late Friday night, having browsed through Andrew Young's book exposing bare the details of John Edwards's extensive cover-up of his reckless decisions, I tweeted that “The senior staff who covered for John Edwards should be identified and shamed out of the Dem consulting world.”
Discussion: Kausfiles
Good Lt / The Jawa Report:
Glenn Beck Destroys Chris “I Forgot He Was Black For An Hour” Matthews
James Chapman / Daily Mail:
500,000 hospital patients sent home too soon every year (and 1,500 a day readmitted for emergency care)  —  More than 500,000 patients every year are readmitted to hospital after apparently being sent home too soon, alarming figures reveal.  —  Labour's waiting-time targets have been blamed …
Discussion: POWIP, Don Surber and Gateway Pundit
Steve Benen / Washington Monthly:
PUTTING THE PENTAGON BUDGET ON THE TABLE?.... When the White House started talking up the notion of a spending freeze (which isn't really a spending freeze) last week, officials outlined a proposal with modest reductions in discretionary spending not related to national security.
Discussion: msnbc.com and The Huffington Post
Harvey Mansfield / Weekly Standard:
What Obama Isn't Saying  —  The apolitical politics of progressivism.  —  “I am not the first president to take up this cause, but I am determined to be the last.”  —  The words are those of President Barack Obama speaking to Congress on health care reform on September 9, 2009.
Discussion: Power Line and The Glittering Eye
Wall Street Journal:
Obama to Skip Annual EU Summit  —  WASHINGTON—The White House has decided that President Barack Obama will not attend what has been an annual summit with the European Union this spring, as Mr. Obama scales back from his record-setting foreign travel last year.
Discussion: AmSpecBlog
Stephanie Clifford / New York Times:
Editorial Shake-Up as Harper's Tries to Stabilize in a Downturn  —  Just before noon last Wednesday, John R. MacArthur, the president, publisher and chief benefactor of Harper's Magazine, joined his editorial staff after its monthly meeting.  —  “We are going through a crisis,” Mr. MacArthur …
Discussion: Felix Salmon
Bloomberg:
Citigroup Said to Plan Sale of $10 Billion Private-Equity Unit  —  Feb. 1 (Bloomberg) — Citigroup Inc. plans to sell or split off its $10 billion Citi Private Equity unit, expanding the list of money-management businesses the U.S. bank is disposing of to reduce debt, people familiar with the matter said.
 
 
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 More Items: 
Howard Kurtz / Washington Post:
Media Notes: Jon Stewart's Obama barbs on ‘The Daily Show’ are creating buzz
Casey Ross / Boston Globe:
Financial executives spent big on Brown
Jack Goldsmith / Washington Post:
Can we stop the global cyber arms race?
Discussion: Firedoglake
The Huffington Post:
Kathleen Wells, J.D.: Congressman Engel's Passionate Response …
Discussion: The Hill
Associated Press:
Formula Shows Why It's So Hard to Cut Jobless Rate
Discussion: Firedoglake
 Earlier Items: 
Josh Kraushaar / Scorecard's Blog:
Behind the fundraising numbers
Discussion: Post on Politics
Laura Rozen / Laura Rozen's Blog:
Japan emerges as key player on Iran
New York Times:
U.S. Examines Whether Blackwater Tried Bribery
Discussion: Truthdig
Joe / Joe. My. God.:
American Family Association Radio Host: It's Time To Imprison All Gays
Discussion: Truth Wins Out