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4:20 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
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 …
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.
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.
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 …
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?”
Kevin Drum / Mother Jones:
Why the Debt Ceiling Deal Sucks  —  Marian and I have now been married for 20 years (yay us!), so we went up to LA yesterday to see a show and then stayed over today to have lunch with Mark Kleiman and then watch world #84 Ernests Gulbis beat Mardy Fish in the finals of the Farmers Classic at UCLA.
Josh Barro / National Review:
Debt Ceiling Deal—Less Than Meets the Eye  —  My stated preference has long been for a clean debt ceiling hike.  Failing that, I wanted to see a debt ceiling deal that contained as little policy as possible, or at least very little bad policy.  This deal meets those criteria, and I am satisfied.
Matthew Yglesias / ThinkProgress:
The Hostages Next Time  —  I remember last December sitting …
Jay Newton-Small / Swampland:
Five Things for Liberals to Like in the Debt Ceiling Deal
Ezra Klein / Washington Post:
A deal that found the lowest-common denominator
Erick Erickson / RedState:
Not Playing the Fool  —  There are a lot of Republicans tonight willing …
Marc A. Thiessen / Washington Post:
How the Tea Party ‘hobbits’ won the debt fight  —  The Tea Party came under fire from all sides Friday after House conservatives nearly brought down Speaker John Boehner's debt-limit bill.  John McCain went to the Senate floor to mock Tea Partyers as “hobbits,” and Democratic Rep. Chris Van Hollen …
RELATED:
Wall Street Journal:
A Tea Party Triumph  —  The debt deal is a rare bipartisan victory for the forces of smaller government.  —  If a good political compromise is one that has something for everyone to hate, then last night's bipartisan debt-ceiling deal is a triumph.  The bargain is nonetheless better …
The Hill:
WHIP COUNT: House leaders in both parties seek votes to pass debt-limit deal  —  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 …
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:
Rep. Ron Paul / Economy & Budget:
When a cut is not a cut  —  One might think that the recent drama …
Discussion: nation.foxnews.com
Benjy Sarlin / TPMDC:
Romney Breaks Debt Ceiling Silence: ‘Cannot Support This Deal’  —  After a week of attacks from left and right alike over his failure to take a position on the latest round of Republican debt ceiling proposals, Mitt Romney has made up his mind on the final deal: he's against it.
RELATED:
Steve Benen / Washington Monthly:
Romney's cravenness  —  As House Republicans fought amongst themselves …
Michael D. Shear / The Caucus:
Mitt Romney Opposes Debt Compromise
Rasmussen Reports:
Romney, Perry, Bachmann Run Close Among GOP Primary Voters
The Hill:
GOP leaders, Biden scramble for House support on debt deal  —  Congressional leaders are urgently trying to secure the votes to pass the bipartisan debt limit deal as the House prepares for a critical Monday evening vote.  —  House Majority Leader Eric Cantor (R-Va.) predicted passage …
RELATED:
Rick Manning / Pundits Blog:
No deal better than a bad deal
Discussion: The Note
The Politico:
Congress races toward Monday debt vote
Discussion: Associated Press
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 …
Discussion: TPMDC, ThinkProgress and Daily Kos
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.
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
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.
Jeffrey Goldberg / The Atlantic Online:
The Texas Congressman and the Israeli Fascist  —  I was reading David Wilder's report in The Jerusalem Post about his time at the Christians United for Israel (CUFI) convention in Washington (Wilder is the spokesman for the Hebron Jewish community) and I was struck by this photo he posted …
Greg Sargent / Washington Post:
Memo to Congress: With deficit deal done, time for that pivot to jobs  —  I'll forgive you in advance for being skeptical of what I'm about to tell you.  But there's finally a glimmer of evidence that officials are beginning to talk about that long-promised pivot to jobs that seemed …
Discussion: Washington Monthly and Angry Bear
 
 
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 More Items: 
Fouad Ajami / Wall Street Journal:
Barack Obama the Pessimist
Discussion: Israel Matzav
Larry O'Connor / Breitbart.tv:
CBS News' Norah O'Donnell: ‘Where are the Tax Revenues?’, ‘We Got Nothing’
Discussion: The New Republic
Daniel Strauss / The Hill:
Rep. Jackson: Compromise ‘gained by extortion and a weak defense’
Discussion: Weasel Zippers
Bruce Bartlett / Economix:
Doing Away With the Debt Ceiling
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
Matthew Yglesias / ThinkProgress:
Me: Talking About Books  —  I did a “Five Books” interview …
Discussion: Eschaton
 Earlier Items: 
The Politico:
Debt ceiling agreement a fair compromise?
David Frum / CNN:
Wake up GOP: Smashing system doesn't fix it
Robert Barnes / Washington Post:
College affirmative action back on Supreme Court's horizon
Discussion: SCOTUSblog
Jennifer Epstein / The Politico:
Gene Sperling: Obama 'didn't give one inch'
Christian Heinze / GOP 12:
Palin film disappears at box office
Discussion: msnbc.com
Peter Wallstenand David Nakamura / Washington Post:
Did Obama capitulate — or is this a cagey move?