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12:30 PM 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:
Lori Montgomery / Washington Post:
Obama's $3.8 trillion budget calls for jobs assistance, tax changes  —  The $3.8 trillion budget blueprint President Obama plans to submit to Congress on Monday calls for billions of dollars in new spending to combat persistently high unemployment and bolster a battered middle class.
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 …
presstv.ir:
‘Iran will deliver telling blow to global powers on Feb. 11’  —  Iranian President Mahmoud Ahmadinejad says the nation will deliver a harsh blow to the “global arrogance” on this year's anniversary of the Islamic Revolution.  —  “The Islamic Revolution opened a window to liberty for the human race …
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.
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 …
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 …
RELATED:
CNN:
Review shows dramatic shift in Pentagon's thinking
Discussion: The Page
Myglesias / Matthew Yglesias:
Scalpels, Hatchets, and the Defense Budget  —  It's good to learn from Steve Benen that even House GOP leader John Boehner thinks there's room to identify waste in the Pentagon's enormous budget.  —  That said, I think it's worth emphasizing the fact that defense spending isn't primarily about waste.
Discussion: ATTACKERMAN
RELATED:
Howard Kurtz / Washington Post:
Media Notes: Jon Stewart's Obama barbs on ‘The Daily Show’ are creating buzz  —  Days before the 2008 election, Jon Stewart jokingly asked Barack Obama whether his “white half” would have trouble making a decision in the voting booth.  —  “Yeah,” the candidate said, “I've been going through therapy to make sure that I vote properly.”
Directorblue / Doug Ross:
Pelosi's Children and Grandchildren Used Military Jets As Private Cross-Country Shuttle Service So They Could Avoid Dealing With the Rabble … Is it a legitimate use of military jets to transport the Speaker of the House and her favored Congressional coterie for routine travel?
Gov. Tim Pawlenty / The Politico:
Ponzi on the Potomac  —  The U.S. attorney general recently announced that the Justice Department is beefing up its efforts to fight financial fraud such as Ponzi schemes.  Good.  The agency should start by reviewing the spending habits of the federal government, which is running the largest Ponzi scheme our country has ever seen.
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.
Jerry Markon / Washington Post:
New media help conservatives get their anti-Obama message out  —  In November, the morning after Election Day, a conservative blogger in Georgia blasted an e-mail to 65,000 people.  —  Erick Erickson's 5 a.m. “Morning Briefing” seemed counterintuitive — the election of a Democrat …
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: Hit & Run and Felix Salmon
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: JustOneMinute and Prairie Weather
Brian Stelter / New York Times:
New Role Puts Anchor in Fox News Spotlight  —  First “America's Newsroom.”  Then “America's Election Headquarters.”  And on Monday, Megyn Kelly will begin anchoring a third all-about-America newscast, “America Live.”  —  “We're big on America here at Fox,” Ms. Kelly said in an interview last week.
Ben Stein / American Spectator:
Free James O'Keefe  —  In case you wonder what the future is for justice and law enforcement and media control in this country, take a look at two cases.  —  During the last Presidential election, a gang of men calling themselves Black Panthers showed up at a polling place in Michigan.
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.
Casey Ross / Boston Globe:
Financial executives spent big on Brown  —  May be precursor to midterm elections; Obama's proposed regulations key issue  —  In a six-day span just before the US Senate election, Republican Scott Brown collected nearly $450,000 from donors who work at financial companies …
Ben Smith / Ben Smith's Blog:
Dem. senators spent weekend with bank, energy, tobacco lobbyists  —  Twelve Democratic Senators spent last weekend in Miami Beach raising money from top lobbyists for oil, drug, and other corporate interests that they often decry, according to a guest list for the event obtained by POLITICO.
Discussion: DSCC and Riehl World View
 
 
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 More Items: 
Jeffrey M. Jones / Gallup:
Party ID: Despite GOP Gains, Most States Remain Blue
Discussion: The Politico and The Hill
David A. Lieb / Associated Press:
States seeking to ban mandatory health insurance
Discussion: Townhall.com
Michael Booth / Denver Post:
Colorado Springs cuts into services considered basic by many
Jonathan Stray:
Jürgen Habermas says he's not on Twitter
Discussion: Ben Smith's Blog
Jeremy K. Page / SSRN:
Political Climate, Optimism, and Investment Decisions
Janet Adamy / Wall Street Journal:
States Bet on Millions for Medicaid
 Earlier Items: 
Tom Braithwaite / Financial Times:
US banks face insider trading probe
Discussion: FT Alphaville and naked capitalism
Marc Ambinder / The Atlantic Politics Channel:
Should Edwards Aides Be Shamed And Blamed?
Discussion: Kausfiles and Pajamas Media
The Huffington Post:
Kathleen Wells, J.D.: Congressman Engel's Passionate Response …
Discussion: The Hill
Good Lt / The Jawa Report:
Glenn Beck Destroys Chris “I Forgot He Was Black For An Hour” Matthews