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6:10 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, Balloon Juice and alicublog
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.
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 …
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 …
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.
Jonathan Chait / The New Republic:
Did Obama Get Rolled?  —  The debt ceiling agreement is a horrible piece of legislation.  It ratchets down already too-low domestic discretionary spending caps and imposes painful sacrifice on the middle class with little asked of the rich.  Obviously, though, you can't assess any deal without asking “compared to what?”
Robert Reich:
Ransom Paid  —  Anyone who characterizes the deal between …
Ross Douthat / New York Times:
The Diminished President  —  By rights, Barack Obama …
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 …
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:
Josh Barro / National Review:
Debt Ceiling Deal—Less Than Meets the Eye
Matthew Yglesias / ThinkProgress:
The Hostages Next Time  —  I remember last December sitting …
Kevin Drum / Mother Jones:
Why the Debt Ceiling Deal Sucks
Discussion: Daily Kos and American Power
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:
A deal that found the lowest-common denominator
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:
John Heilemann / New York Magazine:
Running for Grown-up  —  The two Republicans with the best chance of beating Obama in 2012 happen to be rich, business-friendly, perfectly coiffed cousins from rival Mormon clans.  No wonder there's no love lost between Jon Huntsman and Mitt Romney.  —  Jon Huntsman Jr. sits on the edge …
Discussion: GOP 12
RELATED:
Rasmussen Reports:
Romney, Perry, Bachmann Run Close Among GOP Primary Voters
Michael D. Shear / The Caucus:
Mitt Romney Opposes Debt Compromise
Steve Benen / Washington Monthly:
Romney's cravenness  —  As House Republicans fought amongst themselves …
Benjy Sarlin / TPMDC:
Romney Breaks Debt Ceiling Silence: ‘Cannot Support This Deal’
Rep. Ron Paul / Economy & Budget:
When a cut is not a cut  —  One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically cut spending, but that is far from the truth.  In spite of the rhetoric being thrown around …
Discussion: nation.foxnews.com
RELATED:
Chris Edwards / Cato @ Liberty:
Budget Deal Doesn't Cut Spending
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
RELATED:
Little Green Footballs:
Pamela Geller Deletes Racist Caption, Hides Comments
Discussion: Jesus' General
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:
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
Debbie Siegelbaum / The Hill:
Protesters of debt deal detained at Capitol  —  Up to 20 people protesting against House Speaker John Boehner's (R-Ohio) debt deal were detained Monday at the Capitol.  —  The protesters, including members of the National People's Action (NPA) group, disrupted debate on the House floor …
Discussion: Mediaite and The Raw Story
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.
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 …
 
 
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 More Items: 
Terence P. Jeffrey / CNSNews:
$2.4 Trillion Would Be Largest Debt-Limit Increase in U.S. History
Robin Pogrebin / New York Times:
Arts Outposts Stung by Cuts in State Aid
Discussion: Indecision Forever and Hit & Run
New York Times:
Our Unbalanced Democracy
Discussion: Hit & Run and The Monkey Cage
Matthew Yglesias / ThinkProgress:
What Gets Cut If The Debt Commission Doesn't Agree?
Discussion: The Atlantic Online
Taegan Goddard's Political Wire:
Cartoon of the Day
Discussion: NewsBusters.org
 Earlier Items: 
Jon Cohen / Washington Post:
Budget talks in a word: ‘Ridiculous,’ ‘disgusting’ and ‘stupid’ top poll
Discussion: Wonkette
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
Igor Volsky / ThinkProgress:
Why Rick Santorum's Argument About Same-Sex Marriage Leading To Polygamy Is So Wrong
Discussion: Equality Matters
Michael Winerip / New York Times:
Pa. Joins States Facing a School Cheating Scandal
Discussion: msnbc.com