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8:20 PM 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:
Joe Klein / Swampland:
Krugman Quibble  —  I agree with most of what Paul Krugman has to say about the debt deal-with one crucial exception.  He's right that Obama should have included raising the debt ceiling in last December's tax deal...but he's wrong, I think, about the President using what we'll call …
Discussion: Guardian and Balloon Juice
Nate Silver / FiveThirtyEight:
The Fine Print on the Debt Deal  —  If Democrats read the fine print on the debt deal struck by President Obama and Congressional leaders, they'll find that it's a little better than it appears at first glance.  —  That's not to say that the deal is a good one for them.
Glenn Greenwald / Salon:
The myth of Obama's “blunders” and “weakness”  —  With the details of the pending debt deal now emerging (and for a very good explanation of the key terms, see this post by former Biden economic adviser Jared Bernstein), a consensus is solidifying that (1) this is a virtually full-scale victory …
Jay Newton-Small / Swampland:
Five Things for Liberals to Like in the Debt Ceiling Deal  —  As the broad strokes of the debt ceiling deal began to leak out over the weekend, progressive groups filled reporters' inboxes with outraged e-mails.  “Seeing a Democratic President take taxing the rich off the table and instead push …
The Note:
Both the Left and Right Sour on Debt Deal  —  ABC News' Shushannah Walshe (@shushwalshe) reports  —  Senate Majority Leader Harry Reid of Nevada today echoed the feelings of people on both ends of the political spectrum who say they feel cut out of the final debt deal, but still urged members of Congress to vote for the compromise.
Discussion: CNN and Alan Colmes' Liberaland
Robert Reich:
Ransom Paid  —  Anyone who characterizes the deal between …
New York Times:
To Escape Chaos, a Terrible Deal
Ross Douthat / New York Times:
The Diminished President  —  By rights, Barack Obama …
The Hill:
WHIP COUNT: Debt-limit bill appears to have the votes to clear Congress  —  The debt-limit deal announced on Sunday night is expected to attract more than 60 votes in the Senate, but its outlook in the House is much more cloudy.  —  Speaker John Boehner (R-Ohio) will need Democratic votes to clear the bill through the lower chamber.
RELATED:
Russell Berman / The Hill:
House approves debt ceiling bill as Giffords makes dramatic return  —  The House on Monday approved bipartisan legislation to raise the $14.3 trillion debt ceiling and reduce long-term budget deficits, endorsing the agreement President Obama struck with Republican leaders.
Discussion: The Note and The Other McCain
Travis Waldron / ThinkProgress:
House To Recess After Debt Vote, Even Though FAA Shutdown Is Forcing Inspectors To Work Without Pay
Discussion: Plain Dealer and Daily Kos
Greg Sargent / Washington Post:
Can debt deal pass House if Dem leaders don't whip votes?
Discussion: The Moderate Voice
The Politico:
Biden: Tea partiers like ‘terrorists’  —  Vice President Joe Biden joined House Democrats in lashing tea party Republicans Monday, accusing them of having “acted like terrorists” in the fight over raising the nation's debt limit.  —  Biden was agreeing with a line of argument made by Rep. Mike Doyle …
RELATED:
CBO's Latest 10 Documents:
CBO ANALYSIS OF AUGUST 1 BUDGET CONTROL ACT  —  Letter to the Honorable John Boehner and the Honorable Harry Reid  —  The Congressional Budget Office (CBO) has estimated the impact on the deficit of the Budget Control Act of 2011, as posted on the Web site of the House Committee on Rules on August 1, 2011.
RELATED:
William Kristol / Weekly Standard:
Bolton Speaks  —  John Bolton has just issued a thoughtful statement raising “serious questions ... about the national-security implications of the proposed deal to raise the Federal debt ceiling.”  Bolton calls attention to the worrisome short-term defense cuts that the deal makes likely …
RELATED:
Ezra Klein / Washington Post:
The debt-ceiling deal in one flowchart
Sam Baker / Healthwatch:
Health industry fears double whammy in Medicare cuts
Discussion: ThinkProgress
David Catanese / The Politico:
AFP Wisconsin ballots have late return date  —  Americans for Prosperity is sending absentee ballots to Democrats in at least two Wisconsin state Senate recall districts with instructions to return the paperwork after the election date.  —  The fliers, obtained by POLITICO …
RELATED:
Eric Kleefeld / TPMDC:   Koch Group Mails Suspicious Absentee Ballot Letters In Wisconsin
John Cook / Gawker:
Most of Newt Gingrich's Twitter Followers Are Fake  —  Yesterday Newt Gingrich laid out a new argument for why he should be the GOP presidential nominee: He's got the most Twitter followers.  But according to a former Gingrich staffer, he bought them.  —  Gingrich complained yesterday …
Discussion: Mock, Paper, Scissors and Mediaite
Charles Johnson / Little Green Footballs:
Pamela Geller Deletes Racist Caption, Hides Comments  —  Today we find that anti-Muslim lunatic Pamela Geller is editing her posts again, to remove evidence of blatant racism.  —  In her despicable post from yesterday, in which she attacked the victims of Oslo terrorist Anders Behring Breivik …
Discussion: Jesus' General
RELATED:
Michael O'Brien / The Hill:
Mitt Romney opposes compromise deal on the debt ceiling  —  Former Massachusetts Gov. Mitt Romney (R) broke his silence on the congressional debt-ceiling fight on Monday, emerging to say he couldn't back the final deal announced Sunday.  —  Romney, who had refused to weigh in during recent weeks …
RELATED:
Debbie Siegelbaum / The Hill:
Protesters of debt deal detained at Capitol
Discussion: Mediaite and The Raw Story
Jon Cohen / Washington Post:
Budget talks in a word: ‘Ridiculous,’ ‘disgusting’ and ‘stupid’ top poll  —  Americans give overwhelmingly negative reviews to the fierce budget debate that has transfixed Washington over the past few weeks, and large numbers now think less favorably about the country's political leaders …
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
Lydia Saad / Gallup:
U.S. Political Ideology Stable With Conservatives Leading  —  Most Republicans are conservative, but one in five is “very conservative”  —  PRINCETON, NJ — Americans' political ideology at the midyear point of 2011 looks similar to 2009 and 2010, with 41% self-identifying as conservative, 36% as moderate, and 21% as liberal.
Daily chart:
The red and the black  —  Where federal taxes are raised and spent  —  SOME American states receive more in federal spending than they pay in federal taxes; others receive less.  Over twenty years these fiscal transfers can add up to a sizeable sum.  From 1990 to 2009 …
Discussion: ThinkProgress
John Hinderaker / Power Line:
The Winner of the Power Line Prize Is...  “The Spending Is Nuts,” by Justin Folk:  —  “Squirrels,” as we call it informally, is a beautiful piece of work.  (View it on YouTube in HD here.)  We asked Justin to share his thoughts on the contest and his video:
Discussion: Pajamas Media and Michelle Malkin
 
 
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 More Items: 
Fox News:
Party Leaders Corral Support for Debt-Limit Deal Ahead of Votes
Discussion: Sister Toldjah and FrumForum
Maria Tsvetkova / Reuters:
Putin says U.S. is “parasite” on global economy
Discussion: Weasel Zippers and FP Passport
Tanya Somanader / ThinkProgress:
GOP Rep. Lamborn: Associating With Obama Is Like ‘Touching A Tar Baby’
Discussion: Speakeasy and TPM LiveWire
Anna Palmer / The Politico:
Geithner hosts debt bill pep rally
Discussion: Firedoglake
Roger Alford / Associated Press:
APNewsBreak: Beshear faces fundraising complaints
Discussion: RedState and National Review
Sean Daly / New York Post:
Kelsey Grammer may run for office in New York
Larry O'Connor / Breitbart.tv:
Left-Wing Protesters Interrupt House Proceedings on Debt Deal
Frank Newport / Gallup:
Obama Weekly Approval at 42%; Liberal Support Remains High
 Earlier Items: 
Matthew Yglesias / ThinkProgress:
What Gets Cut If The Debt Commission Doesn't Agree?
Discussion: The Atlantic Online
John Heilemann / New York Magazine:
Running for Grown-up  —  The two Republicans with the best chance …
Taegan Goddard's Political Wire:
Cartoon of the Day
Discussion: NewsBusters.org
Larry O'Connor / Breitbart.tv:
CBS News' Norah O'Donnell: ‘Where are the Tax Revenues?’, ‘We Got Nothing’
Paul Krugman:
If I Were In The House