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1:05 PM ET, January 3, 2011

memeorandum

 Top Items: 
Jake Sherman / The Politico:
Darrell Issa reveals list of investigations  —  Rep. Darrell Issa is aiming to launch investigations on everything from WikiLeaks to Fannie Mae to corruption in Afghanistan in the first few months of what promises to be a high profile chairmanship of the top oversight committee in Congress.
RELATED:
Michael O'Brien / The Hill:
DeMint wants ‘big showdown’ with Dems over debt ceiling  —  Republicans should prepare for a “showdown” with President Obama and congressional Democrats over raising the debt ceiling, Sen. Jim DeMint (R-S.C.) said Monday.  —  DeMint, a de-facto leader of Senate conservatives and many Tea Party senators …
Michelle Malkin:
Snort: Now the Dems are worried about wasteful “witch hunts”  —  After decades of indulgent public floggings and ideological fishing expeditions led by chief congressional inquisitor Henry Waxman (see here here here here for starters), Democrats are suddenly worried about abuse of investigative powers.
Jonathan Cohn / The New Republic:
Lindsey Graham Joins the Loonies  —  The U.S. appears to be the only country in the developed world that forbids its government from accumulating debt without authorizing legislation.  And that's led to some scary moments, including one that the economist Henry Aaron shared with me recently.
Philip Rucker / Washington Post:
Issa says Obama administration is ‘one of most corrupt’  —  The Republican congressman who is taking over responsibility for congressional oversight called President Obama's administration “one of the most corrupt administrations” on Sunday and predicted that the investigations he is planning …
Carrie Johnson / NPR:
Justice Department Braces For GOP Rule In House
Discussion: Prairie Weather
Mike Allen / The Politico:
2 days until the 112th Congress: Sheriff Issa's top six targets …
Jason Mattera / Human Events:
DeMint Demands Showdown On Increasing Debt Ceiling
Discussion: GOP 12 and TPMDC
Philip Rucker / Washington Post:
Austerity is first order for Boehner's installation as House speaker  —  Nancy Pelosi brought camera crews and dignitaries into her childhood Baltimore neighborhood where a street was being renamed in her honor, while John Boehner is bringing his 11 siblings from working-class Ohio to Washington for a private reunion.
RELATED:
New York Times:
G.O.P. Newcomers Set Out to Undo Obama Victories  —  WASHINGTON — Soon after the 112th Congress convenes Wednesday, Republicans in the House plan to make good on a campaign promise that helped vault many new members to victory: voting to repeal President Obama's health care overhaul.
Wall Street Journal:
Congress Targets Spending
The Politico:
Majority of RNC against Michael Steele  —  Republican National Committee Chairman Michael Steele faces an all-but-impossible path to reelection this month, as a majority of the RNC's 168 members indicate that they will not support the controversial chairman for another term.
Paul Krugman / New York Times:
Deep Hole Economics  —  If there's one piece of economic wisdom I hope people will grasp this year, it's this: Even though we may finally have stopped digging, we're still near the bottom of a very deep hole.  —  Why do I need to point this out?  Because I've noticed many people overreacting to recent good economic news.
Michael Barbaro / New York Times:
He Entered Congress Swinging, and Exits That Way  —  ORLANDO, Fla. — He has zero faith in the incoming speaker of the House, John A. Boehner, whom he calls a “tool of special interest.”  —  He derides the Tea Party's successes as “bought and paid for by the enormously rich and the selfish.”
Discussion: JustOneMinute and Weasel Zippers
RELATED:
Shane D'Aprile / Ballot Box:   Grayson says Obama losing credibility; hints at another run in 2012
New York Times:
Reform and the Filibuster  —  The new Senate will face one of its most momentous decisions in its opening hours on Wednesday: a vote on whether to change its rules to prohibit the widespread abuse of the filibuster.  Americans are fed up with Washington gridlock.  The Senate should seize the opportunity.
RELATED:
Julian E. Zelizer / CNN:
Senate should let majority rule
Discussion: Guardian
presstv.ir:
Mossad behind Egypt church blast  —  The explosion at a church in the Egyptian city of Alexandria, which left 21 people killed and another 80 Muslims and Christians wounded, raises one question: Who was behind the blast?  —  Although, at first glance, the finger is pointed at extremist Wahabi …
RELATED:
Christian Science Monitor:
European nations begin seizing private pensions  —  Hungary, Poland, and three other nations take over citizens' pension money to make up government budget shortfalls.  —  People's retirement savings are a convenient source of revenue for governments that don't want to reduce spending or make privatizations.
Discussion: protein wisdom and Betsy's Page
Vanity Fair:
The Febraury 2011 60 Minutes/Vanity Fair Poll  —  Americans are numerically at a loss after a trillion.  To balance the budget, most of them would choose to tax the rich.  And as far as memories go, they'd prefer to keep them.  (All of them.)  —  Numbers games this month: What comes after a trillion?
Maureen Hayden / Tribune-Star:
Gov's future a hot topic of conversation  —  INDIANAPOLIS — Over the course of a few short days last week, Indiana Gov. Mitch Daniels was described by national political writers as wonkish, boring and short.  —  He was also called an “economic conservative who can appeal to the middle ground” …
Discussion: CNN
Javier Manjarres / The Shark Tank:
Is Charlie Crist a potential VP Pick...for Obama?  —  In spite of assertions made to the contrary by Vice President Joe Biden, speculation continues to swirl around the possibility that President Obama will replace Biden on the 2012 Presidential ticket for someone with less of a propensity …
Ross Douthat / New York Times:
The Unborn Paradox  —  The American entertainment industry has never been comfortable with the act of abortion.  Film or television characters might consider the procedure, but even on the most libertine programs (a “Mad Men,” a “Sex and the City"), they're more likely to have a change of heart than actually go through with it.
NY Daily News:
Garbage pile saves Vangelis (Angelo) Kapatos, 26, who tried to commit suicide in midtown  —  A suicidal man plummeted nine stories and survived in midtown Sunday when he landed on a mountain of trash that had piled up since last week's blizzard, officials said.
Discussion: New York Times, Gothamist and AOL News
Myglesias / Yglesias:
Inclusionary Zoning  —  On the requests thread, Erik M wrote: … I'd like to say this as clearly and unequivocally as possible: I strongly support the idea of mixed-income neighborhoods.  I live in a mixed-income neighborhood now, I lived in a mixed-income neighborhood before I moved to this one …
Discussion: Eschaton
ABCNEWS:
Female Navy Flier: Videos Taken Out of Context  —  Raunchy Videos Made Aboard the USS Enterprise Could Cost Commander His Job  —  A series of raunchy videos created and distributed aboard an aircraft carrier have been taken out of context, a former female Navy pilot said today.
Discussion: AOL News, TPMMuckraker and msnbc.com
Evan Halper / PolitiCal:
Schwarzenegger commutes prison sentence of Fabian Nuñez's son [Updated]  —  In his final night before leaving office, Gov. Arnold Schwarzenegger commuted the prison sentence of the son of former Assembly Speaker Fabian Nuñez who had pleaded guilty to taking part in the slaying of a college student.
Ed Morrissey / Hot Air:
Russian Duma to link missile defense to START limitations  —  The Russian Duma delivered two embarrassing blows to the Obama administration over the holidays on the START treaty, one of which may end up scotching the deal altogether.  First, the Russian legislature refused to do what Barack Obama insisted …
Peter J. Wallison / Wall Street Journal:
Moving Beyond Fannie and Freddie  —  The experiences of other countries show there's no need for a government role in housing finance.  —  The new Congress, with a Republican House and a much narrower Democratic majority in the Senate, offers an opportunity for real reform of the housing-finance system.
Discussion: EconLog
 
 
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 More Items: 
Jed Babbin / American Spectator:
Let's Ban Ivy League ROTC
Discussion: Cold Fury
Ernesto Londoo / Washington Post:
Demise of Iraqi water park illustrates limitations, abuse of U.S. funding program
Discussion: Salon and Eschaton
Justin Elliott / Salon:
Graham: Afghans must “earn” permanent U.S. bases
Discussion: Reuters and Newshoggers.com
John / Power Line:
Europe's Doomed Generation
Washington Examiner:
America needs a new national debate on the Constitution
Craig Fehrman / Boston Globe:
The incredible shrinking sound bite
Discussion: The Daily Dish
 Earlier Items: 
Nelson D. Schwartz / New York Times:
Facing Threat From WikiLeaks, Bank Plays Defense
Ron Shelp / The Politico:
Bet again on AIG? Count me in
V. Dion Haynes / Washington Post:
A fresh take on local business
Discussion: Hot Air and The Glittering Eye