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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.
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Swampland, Guardian, Washington Monthly, The Atlantic Online, ThinkProgress, The Moderate Voice, Washington Post, Hit & Run, Democracy in America, Jack & Jill Politics, The New Republic, Colorlines, Mediaite, AMERICAblog News, Salon, No More Mister Nice Blog, p m carpenter's commentary, Crooks and Liars, Indecision Forever, Power Line, Taylor Marsh, Weasel Zippers, DownWithTyranny!, TPMDC, The POH Diaries, Daily Kos, The Other McCain, Via Meadia, Lawyers, Guns & Money, Balloon Juice, The TrogloPundit and Washington Wire
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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.
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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 …
Discussion:
The Note, CNN, ThinkProgress, Ben Smith's Blog and Maggie's Farm
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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 …
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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 …
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The Moderate Voice, Big Journalism, Taylor Marsh, The Politico, msnbc.com, sisu, JustOneMinute, DISSENTING JUSTICE and CNN
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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?”
Discussion:
Mother Jones, Robert Reich, Washington Post, Lawyers, Guns & Money, The Atlantic Online and ThinkProgress
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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.
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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.
Discussion:
CNN, Hot Air, Left Coast Rebel, Pirate's Cove, Outside the Beltway, The Politico, Daily Kos, Mediaite, The Moderate Voice, Bearing Drift and New York Times
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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.
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Five Things for Liberals to Like in the Debt Ceiling Deal
Discussion:
Suburban Guerrilla
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Debt Ceiling Deal—Less Than Meets the Eye
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The New Republic and Washington Post
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The Hostages Next Time — I remember last December sitting …
Discussion:
Firedoglake
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No deal better than a bad deal — When it takes about five minutes for President Obama and Senate Majority Leader Harry Reid (D-Nev.) to sign on to a new debt deal, perhaps Republicans should look for the trapdoors. — Based upon press reports, here are just four.
Discussion:
The Note
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Gene Sperling: Obama 'didn't give one inch'
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Alan Colmes' Liberaland, Questions and Observations, The Hill and Washington Post
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More bad poll news for Obama as debt deal brings smiles to Capitol Hill
Discussion:
Los Angeles Times and Rasmussen Reports
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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:
Alan Colmes' Liberaland, The Right Scoop and Daily Kos
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No Guarantee Debt Limit Deal Gets Through the House
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Associated Press, Congressman Raul Grijalva, The Hill and Eschaton
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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.
Discussion:
Washington Post, Weasel Zippers, Fox News and Daily Kos
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Mitt Romney Opposes Debt Compromise
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Washington Monthly, Hit & Run, FiveThirtyEight and Swampland
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GETTING BIN LADEN … - POLITICS - PROFILES - THE TALK OF THE TOWN - COMMENT - THIS WEEK'S ISSUE - THE FINANCIAL PAGE - NEWS DESK - THE POLITICAL SCENE
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Ben Smith's Blog, Outside the Beltway, Politics, Mediaite and SWJ Blog
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Sen. McCain credits the Tea Party for deficit agreement — Days after comparing its members to hobbits, Sen. John McCain (R-Ariz.) on Monday credited the Tea Party for its role in pushing for a deficit deal. — “I don't think without the Tea Party we would have had an agreement,” McCain said.
Discussion:
The Politico, The Gateway Pundit and Weasel Zippers
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How the Tea Party Won the Deal
Discussion:
americanthinker.com and The Gateway Pundit
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Pam Geller Justifies Breivik's Terror: Youth Camp Had More ‘Middle Eastern or Mixed’ Races Than ‘Pure Norwegian’ — Pam Geller with House Majority Leader Rep. Eric Cantor (R-VA) — Popular hate blogger Pam Geller has received scrutiny in recent days as the public became aware …
Discussion:
Jesus' General
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Summer Camp? Antisemitic Indoctrination Training Center
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YID With LID, Right Wing Watch, Jesus' General, Little Green Footballs and Maggie's Notebook
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New health insurance plans will be required to cover birth control — The Obama administration on Monday announced that new health plans will be required to cover contraceptive drugs and counseling without co-pays starting next year. — The Health and Human Services guidelines, however …
Discussion:
The Politico and Shakesville
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Opposing the Health Law, Florida Refuses Millions
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ThinkProgress, Balloon Juice, The Politico and Washington Post
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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 …
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AMERICAblog News, No More Mister Nice Blog, FrumForum and The Daily Dish
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House to take up debt deal first; vote possible Monday night — The House will vote before the Senate on the debt-ceiling agreement, a GOP leadership aide said Monday. — The vote is expected Monday evening or night, but a time has not been set. The GOP aide cautioned that the schedule in the House is …
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Weasel Zippers and Taegan Goddard's …
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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.