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11:55 AM 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:
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.
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 …
Elise Foley / The Huffington Post:
Durbin: Debt Deal Will Be The Death Of Keynesian Economics … WASHINGTON — The Republicans are killing Keynesian economics with their attempt to cut spending as the economy rebounds from a recession, Senate Majority Whip Dick Durbin (D-Ill.) said in a floor speech on Sunday.
Chris Cillizza / Washington Post:
The debt-ceiling deal: Winners and losers  —  The debt ceiling fight is over.  The White House and congressional leaders have settled on a deal to raise the nation's debt ceiling, enact immediate spending cuts and, our favorite part, create a super-commission designed to trim the federal budget further by the end of the year.
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?”
Peter Wallstenand David Nakamura / Washington Post:
Did Obama capitulate — or is this a cagey move?  —  It was President Obama's bottom line, a position he repeated in every recent public utterance on his debt-ceiling talks with Congress: Any deal must be “balanced” with spending cuts and tax increases.  —  But in his eleventh-hour stare …
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 …
David Nakamura / Washington Post:
Obama heading back on campaign trail after debt deal
Discussion: Hot Air and Weasel Zippers
Brian Beutler / TPMDC:
Reid Agrees To Major Debt Limit Deal — Here's What He's Signed Off On
Greg Sargent / Washington Post:
GOP on verge of huge, unprecedented political victory
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 …
Discussion: The Right Scoop
RELATED:
Michael O'Brien / The Hill:
Romney opposes debt-ceiling compromise  —  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 on the specifics …
RELATED:
A.Killough / CNN:
Romney comes out against debt ceiling agreement
Discussion: Ben Smith's Blog
New York Post:
Floundering Obama aims for '12 miracle
Discussion: National Review
Ezra Klein / Washington Post:
A deal that found the lowest-common denominator  —  (Alex Wong - VIA BLOOMBERG) Assuming no hiccups in the House — and that might be a big assumption — we've got a deal.  The deficit-reduction side includes $1 trillion in cuts now, $1.5 trillion (or more) in deficit reduction later, and a vote on a balanced budget amendment.
RELATED:
Macon Phillips / White House.gov Blog:
President Obama speaks in support of the bipartisan deal to reduce the deficit and raise the debt limit
Josh Barro / National Review:
Debt Ceiling Deal—Less Than Meets the Eye
Discussion: Washington Post
Bret Baier / Fox News:
Gene Sperling Gives White House View of Debt Talks; Rep. McCarthy, Sens. Durbin, Kyl Talk Compromise  —  Special Guests: Gene Sperling, Rep. Kevin McCarthy, Sen. Dick Durbin, Sen. Jon Kyl … BRET BAIER, ANCHOR: I'm Bret Baier, in for Chris Wallace.  —  The debt ceiling deadline is looming large.
RELATED:
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
Imtiyaz Delawala / ABCNEWS:
PIMCO CEO Mohamed El-Erian: Budget Deal Will Only Bring Short-Term Relief  —  One of the most prominent global investors says that a potential budget deal in Washington will only bring short-term relief, and it won't remove the threat of a U.S. debt downgrade by credit rating agencies.
RELATED:
David Stubbs / Television & radio:
MTV: 30 years of innovation and corporate rock'n'roll  —  Grumbled about by the left, hated by the American right, MTV has nevertheless redefined the way people relate to music  —  As any pub quiz specialist will know, the first video broadcast by MTV back in 1981 was Buggles's Video Killed the Radio Star.
Discussion: The Reaction
Kenneth P. Vogel / The Politico:
Ads tout Rick Perry as ‘better option’ for president  —  A new so-called super PAC supporting a prospective Rick Perry presidential campaign is going up Monday in Iowa with a statewide television buy touting the Texas governor as “a better option” for president.
Betsy Hiel / PittsburghLIVE.com:
Islamist factions jockey for power, vow religious rule  —  CAIRO — If a new political force here has its way, public stonings, whippings and the lopping-off of hands will become the law in the Land of the Pharaohs.  —  It all would help return Egypt to “an Islamic state (of) the Middle Ages,” in the words of one Salafist.
Discussion: Weasel Zippers
Christian Heinze / GOP 12:
Palin film disappears at box office  —  The pro-Sarah Palin documentary, The Undefeated, suffered another huge drop in ticket sales over the weekend, earning just over $5,000.  —  Its weekend grosses:  —  July 29-31: $5,200 in 4 theatres.  —  July 22-24: $24,664 in 14 theatres.
Discussion: msnbc.com and Taegan Goddard's …
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.
Discussion: Via Meadia
 
 
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 More Items: 
Robert Barnes / Washington Post:
College affirmative action back on Supreme Court's horizon
Discussion: SCOTUSblog
Jeffrey Goldberg / The Atlantic Online:
The Texas Congressman and the Israeli Fascist
Discussion: Ben Smith's Blog
Brian Stelter / New York Times:
Al Jazeera English Arrives on N.Y. Cable
Emily Babay / Washington Examiner:
D.C. tops nation in drug, alcohol abuse
ABCNEWS:
Birth Control Free for All: New Insurance Rules Affect Millions of Women
Discussion: Jezebel and Raw Replay
Matt Lewis / The Daily Caller:
“The credit belongs to the man who is actually in the arena,” …
Discussion: GOP 12
 Earlier Items: 
Peter Beinart / Yahoo! News:
How the Tea Party Won the Deal
Thomas Lane / Talking Points Memo:
Waking Up With A Horse's Head In Your Bed
Discussion: Althouse
Mickey Kaus / The Daily Caller:
1) Exactly why is it important that the “sequester"-the across …
P.M. Carpenter / p m carpenter's commentary:
Unrestrained lunacy  —  John Boehner emailed his accomplices this afternoon that:
Discussion: The Politico and The Hill
Julian Sanchez / New York Post:
Congress out to spy on your 'puter
Directorblue / Doug Ross:
WARNING: Do not show this chart to a liberal (unless wearing headgear to protect you from a …