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6:55 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.
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.
Robert Reich:
Ransom Paid  —  Anyone who characterizes the deal between …
Wall Street Journal:
A Tea Party Triumph
Ross Douthat / New York Times:
The Diminished President  —  By rights, Barack Obama …
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
Kevin Drum / Mother Jones:
Why the Debt Ceiling Deal Sucks
Discussion: Daily Kos and American Power
Ezra Klein / Washington Post:
A deal that found the lowest-common denominator
Ezra Klein / Washington Post:
The debt-ceiling deal in one flowchart
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 …
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:
Greg Sargent / Washington Post:
Can debt deal pass House if Dem leaders don't whip votes?
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:
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:
Steve Benen / Washington Monthly:
Romney's cravenness  —  As House Republicans fought amongst themselves over Speaker Boehner's budget bill last week, Republican presidential frontrunner Mitt Romney was asked for his opinion.  He took a pass.  Romney wasn't sure which way the prevailing winds were blowing in his party …
RELATED:
Rasmussen Reports:
Romney, Perry, Bachmann Run Close Among GOP Primary Voters
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
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
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 …
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.
Paul Krugman:
If I Were In The House  —  I guess I have to be explicit at this point: yes, I would vote no.  —  What about the catastrophe that would result?  Several thoughts.  —  First, what I keep hearing from people who should know is that Treasury won't actually run out of cash tomorrow, that it still has a few more days.
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
 
 
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 More Items: 
The Note:
Both the Left and Right Sour on Debt Deal
Discussion: CNN
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
Discussion: The Monkey Cage
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
Debbie Siegelbaum / The Hill:
Protesters of debt deal detained at Capitol
Discussion: Mediaite and The Raw Story
Matthew Yglesias / ThinkProgress:
What Gets Cut If The Debt Commission Doesn't Agree?
Discussion: The Atlantic Online
 Earlier Items: 
John Heilemann / New York Magazine:
Running for Grown-up  —  The two Republicans with the best chance …
Discussion: GOP 12
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’
Igor Volsky / ThinkProgress:
Why Rick Santorum's Argument About Same-Sex Marriage Leading To Polygamy Is So Wrong
Discussion: Equality Matters
Rep. Ron Paul / Economy & Budget:
When a cut is not a cut  —  One might think that the recent drama …
Discussion: nation.foxnews.com