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9:20 PM ET, April 13, 2011

memeorandum

 Top Items: 
Paul Krugman:
The Budget Speech  —  Style: I liked the way Obama made a case for government at the beginning.  I liked the way he accused Republicans of pessimism, of abandoning a hopeful vision of America.  Good that he went after the Ryan plan — and good that he went after the cruelty of that plan.
RELATED:
David Leonhardt / New York Times:
Do-Nothing Congress as a Cure  —  A trick question: If Congress takes no action in coming years, what will happen to the budget deficit?  —  It will shrink — and shrink a lot.  This simple fact may offer the best hope for deficit reduction.  —  As federal law currently stands …
Clive Crook / The Atlantic Online:
Obama's Speech Was a Waste of Breath  —  Obama had a difficult assignment in this speech, partly because of the exaggerated hopes for it (see previous post).  Even allowing for that, it was weak both politically and substantively.  My instant unguarded reaction, in fact, was to find it not just weak but pitiful.
Glenn Greenwald / Salon:
Obama's “bad negotiating” is actually shrewd negotiating  —  (updated below)  —  In December, President Obama signed legislation to extend hundreds of billions of dollars in Bush tax cuts, benefiting the wealthiest Americans.  Last week, Obama agreed to billions of dollars in cuts …
Annie Lowrey / Slate:
How Congress can balance the budget in eight years by literally doing nothing.  This is not a joke.  —  The Simpson-Bowles blue-ribbon deficit commission longs to slash Social Security and defense spending.  The Bipartisan Policy Center's Alice Rivlin and Peter Domenici yearn for a value-added tax.
cbpp.org:
Statement: Robert Greenstein, President, on President Obama's Deficit-Reduction Plan  —  President Obama made an important contribution today to efforts to address the nation's long-term fiscal problems, proposing a plan to reduce deficits by about $4 trillion over the next 12 years and meet …
Associated Press:
CBO: Budget deal cuts this fiscal year's deficit by just $353 million, not $38 billion touted  —  WASHINGTON — A new budget estimate released Wednesday shows that the spending bill negotiated between President Barack Obama and House Speaker John Boehner would produce less than 1 percent …
RELATED:
David Rogers / The Politico:   John Boehner: 'I'll get there on budget'
Damian Paletta / Washington Wire:
Alan Simpson: ‘Pray for Gang of Six’
Discussion: ABCNEWS and Swampland
Erik Wasson / The Hill:
Boehner sees ‘hollow targets’ in speech; Ryan calls it ‘hopelessly inadequate’
Discussion: Cubachi and Liberty Pundits Blog
Washington Wire:
Text of Obama Speech on the Deficit  —  Here is the prepared text of President Barack Obama's speech on the deficit, as released by the White House:  —  Remarks of President Barack Obama - As Prepared for Delivery  —  The Country We Believe In  —  The George Washington University  —  Washington, D.C.
RELATED:
New York Times:
Obama's Speech on Reducing the Budget (Text)  —  Following is a prepared text of President Obama's debt-reduction speech, to be delivered on Wednesday at The George Washington University, as released by the White House:  —  Good afternoon.  It's great to be back at GW.
Ed Morrissey / Hot Air:
Obama's solution to deficit: spending, ObamaCare, and tax hikes
George Washington / The White House:
Remarks by the President on Fiscal Policy
Allahpundit / Hot Air:
Paul Ryan rips Obama's speech: “Rather than building bridges, he's poisoning wells”
Discussion: Wall Street Journal, CNN and TPMDC
Steve Benen / Washington Monthly:
THE PRESIDENT'S ROUSING REJECTION OF REPUBLICAN RADICALISM. …
Colby Hall / Mediaite:
Paul Ryan Is Very Disappointed With The President: ‘Demagoguery Not Solutions’
Discussion: Weasel Zippers
NationalJournal.com:
Text of Obama's Speech: 'I'm Proposing a More Balanced Approach'
The Note:
Asleep on the Job: What Was Vice President Joe Biden Doing During Obama's Debt Speech?  —  ABC's Z. Byron Wolf reports:  —  Vice President Biden chose an inopportune time for either a nap or some deep reflection today.  —  As President Obama weighed in on one of the most important issues of the day …
RELATED:
Taegan Goddard's Political Wire:
Did Obama Put Biden to Sleep?
Discussion: Outside the Beltway
Lauraklairmont / CNN:
LensCrafters v. Bachmann  —  Washington (CNN) - The optics don't look great for Minnesota Rep. Michele Bachmann.  That is, if you're talking about her relationship with LensCrafters, the one-stop shop of eye care and eyewear.  —  The possible GOP presidential candidate supported her belief …
Discussion: TPMDC
RELATED:
Emily Heil / Roll Call:
Heard on the Hill: Eye Spy a Bachmann Controversy
Blogger Bob / The TSA Blog:
Screening of 6 Year-Old at MSY  —  ***Update 4-13-2011 7:07 PM*** Welcome Drudge readers and anyone else who's new to the TSA Blog.  Seeing that many of you have never been here before, I wanted to provide links to a couple of posts we've written on pat-downs.  They will give you a better idea of why pat-downs are used and when.
RELATED:
Alexander Bolton / The Hill:
Graham vows to bring Senate to standstill over $40K for project  —  Sen. Lindsey Graham (R-S.C.) has vowed to bring the Senate to a standstill unless congressional leaders agree to allocate $40,000 for a federal study on deepening the Port of Charleston.  —  Graham says one out of five jobs …
Discussion: MyDD and InvestmentWatch
RELATED:
Jake Tapper / Political Punch:
Throw Grandma From the Train  —  President Obama at the GOP House retreat, January 2010:  —  “We're not going to be able to do anything about any of these entitlements if what we do is characterize whatever proposals are put out there as, 'Well, you know, that's — the other party's being irresponsible.
Caroline May / The Daily Caller:
White House protects abortion provider, allows cuts to community health centers  —  The American Principles Project (APP) Wednesday criticized the Obama administration for allowing the elimination of $600 million for Community Health Centers while protecting funding for Planned Parenthood …
RELATED:
Michael D. Shear / New York Times:
Obama, to Curb Deficit, Urges Cuts and More Taxes on Rich  —  WASHINGTON — President Obama called for cutting the nation's combined budget deficit by $4 trillion over the next 12 years on Wednesday, countering Republican budget plans with what he said was a more balanced approach that relies …
Larry O'Connor / Breitbart.tv:
Dem Rep Mocks Tea Party Colleagues With Red Neck Southern Accent  —  “Everything to them is unconstitutional.”  —  Rep. Loretta Sanchez (D-CA) appeared on the nationally syndicated Stephanie Miller Show to discuss how it is working with her new, Tea Party colleagues in the House.
Discussion: theblogprof and The Blast
The Politico:
COLBERT KEEPS TWITTER HEAT ON KYL  —  Sen. Jon Kyl's claim that “well over 90 percent of what Planned Parenthood does” is abortion-related is getting a continued skewering from political comedians.  —  Comedy Central late-night hosts Stephen Colbert and Jon Stewart have since Monday laid …
The Daily Beast:
Sidney Harman 1918-2011  —  Sidney Harman died last night of complications from acute myeloid leukemia at the young age of almost 93.  He first learned of his illness one month ago and remained vigorously engaged as Executive Chairman of Newsweek, and Chairman of the Academy for Polymathic Study …
 
 
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 More Items: 
Richard Florida / The Atlantic Online:
The New American Dream: Denser, Smaller, Closer, But Still Private
Discussion: Eschaton
Associated Press:
Barry Bonds found guilty of obstruction
Myglesias / Yglesias:
Barack Obama's Deficit Plan
Discussion: TPMDC and The Reid Report
Myglesias / Yglesias:
America's Human Capital Slowdown
 Earlier Items: 
Barry Ritholtz / The Big Picture:
Case Shiller 100 Year Chart (2011 Update)
Discussion: The Atlantic Online and Cafe Hayek
Rasmussen Reports:
65% Say Significant Long-Term Spending Cuts Unlikely Before 2012 Elections
Discussion: The Gateway Pundit
Robert Costa / National Review:
DeMint Not Interested in Veep Slot
Discussion: Cubachi, CNN, GOP 12 and The Hill
Joe Weisenthal / Associated Press:
WHOOPS: AP Falls For Hoax Press Release Saying That GE Will Repay Government $3.8 Billion Tax Break
Ann Barnhardt / American Thinker:
The Keystone of the Islamic Milieu: Inbreeding
Thomas L. Friedman / New York Times:
Pray. Hope. Prepare.
 

 
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Mishaal Rahman / Android Authority:
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Hannah Lang / Reuters:
Sources: a16z, Ripple, Kraken, and Circle are jostling for a seat on Trump's promised crypto advisory council, which is expected to set up a bitcoin reserve

 
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