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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.
Discussion:
Guardian, Washington Monthly, The Atlantic Online, ThinkProgress, Alan Colmes' Liberaland, Power Line, Mediaite, Crooks and Liars, Swampland, No More Mister Nice Blog, Taylor Marsh, Weasel Zippers, Firedoglake, DownWithTyranny!, Prairie Weather, ourfuture.org/blogs_chrono/*, AMERICAblog News, The Other McCain, Daily Kos, Via Meadia, Lawyers, Guns & Money, Balloon Juice 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.
Discussion:
The New Republic, The Politico, The Hill, TPMDC, Guardian, Hullabaloo, USA Today, Reuters, Marbury, Weasel Zippers, American Power, Truthdig, Michelle Malkin, Suburban Guerrilla and Washington Post
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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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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:
The Politico, Hot Air, Left Coast Rebel, Daily Kos, Pirate's Cove, Outside the Beltway, Mediaite, The Reid Report, The Moderate Voice and Bearing Drift
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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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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 …
Discussion:
No More Mister Nice Blog, FrumForum and The Daily Dish
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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 …
Discussion:
Big Journalism, The Politico, sisu, JustOneMinute and CNN
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White House, congressional leaders reach debt-limit deal — President Obama and congressional leaders Sunday night sealed a deal to raise the federal debt limit that includes sharp spending cuts but no new taxes, breaking a partisan impasse that has driven the nation to the brink of a government default.
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Did Obama Get Rolled? — The debt ceiling agreement is a horrible piece of legislation.
Discussion:
The Huffington Post, Washington Post, Robert Reich and The Atlantic Online
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Reid Agrees To Major Debt Limit Deal — Here's What He's Signed Off On
Discussion:
The Politico, The Atlantic Wire, The Raw Story, Sky Dancing, The Reaction, Hullabaloo, AMERICAblog News, Booman Tribune, Daily Kos, Washington Monthly, The Caucus, Whiskey Fire, Gawker, MyDD and Fox News
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Obama heading back on campaign trail after debt deal
Discussion:
Hot Air and Weasel Zippers
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Debt Ceiling Deal That Cuts Trillions, Creates ‘Super Congress’ Announced By Party Leaders
Discussion:
International Liberty and Daily Kos
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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 …
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Gene Sperling: Obama 'didn't give one inch'
Discussion:
Alan Colmes' Liberaland and Questions and Observations
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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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White House adviser says deficit deal will pass Congress
Discussion:
Weasel Zippers and nation.foxnews.com
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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
Discussion:
Ben Smith's Blog, Outside the Beltway and Mediaite
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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.
Discussion:
ThinkProgress, Bloomberg, Hot Air, Reuters and The Note
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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
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Waking Up With A Horse's Head In Your Bed — We all remember that classic scene from The Godfather where the movie producer Jack Woltz wakes up with a horse's head in his bed. You'll recall that he'd been holding out on casting the Godfather's favored actor in a plum role, and - basically …
Discussion:
Althouse
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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:
Taegan Goddard's …
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How the Tea Party Won the Deal — While the details of the debt ceiling deal remain fuzzy, this much is clear: Barack Obama may be president, but the Tea Party is now running Washington. How did this happen? Simple; this is what American politics looks like when there's no left-wing movement and no war.
Discussion:
The Gateway Pundit and americanthinker.com
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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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Summer Camp? Antisemitic Indoctrination Training Center … The day of the Norway shooting, I was blindsided by one of the survivor's statements to the press immediately after the shooting (see above). It was so outside the box, I thought it was the kneejerk response of an anti-semite in shock.
Discussion:
ThinkProgress, Jesus' General, Little Green Footballs and Maggie's Notebook
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Unrestrained lunacy — John Boehner emailed his accomplices this afternoon that: — Discussions are underway on legislation that will cut government spending more than it increases the debt limit, and advance the cause of the balanced budget amendment, without job-killing tax hikes.
Discussion:
The Politico and The Hill
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Biden charging Secret Service for cottage rental — The U.S. Secret Service does more than protect Vice President Joseph R. Biden Jr. — the agency also pays him rent. — Since April, Mr. Biden has collected more than $13,000 from the agency charged with protecting him and his family …
Discussion:
Wizbang, Scared Monkeys, americanthinker.com, Daily Pundit, nation.foxnews.com and Newsalert
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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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WARNING: Do not show this chart to a liberal (unless wearing headgear to protect you from a cranium exploding into high-velocity brain-shrapnel) — A couple of observations about this graph: — • The vaunted “Clinton Surplus” was, in fact, the work of a GOP House that was willing …
Discussion:
iOwnTheWorld.com and THE ASTUTE BLOGGERS