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12:10 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:
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 …
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.
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.
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 …
Greg Sargent / Washington Post:
GOP on verge of huge, unprecedented political victory
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
Bret Baier / Fox News:
Gene Sperling Gives White House View of Debt Talks; Rep. McCarthy, Sens. Durbin, Kyl Talk Compromise
New York Post:
Floundering Obama aims for '12 miracle
Discussion: National Review
Andrew Malcolm / Top of the Ticket:
More bad poll news for Obama as debt deal brings smiles to Capitol Hill
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:
Josh Barro / National Review:
Debt Ceiling Deal—Less Than Meets the Eye
Macon Phillips / White House.gov Blog:
President Obama speaks in support of the bipartisan deal to reduce the deficit and raise the debt limit
David Dayen / Firedoglake:
No Guarantee Debt Limit Deal Gets Through the House  —  US House of Representatives Entrance (photo: deltaMike)  —  I talked about the debt limit deal in the past tense in my initial thoughts, but I should have put it in the present tense.  Because there's no real guarantee that this thing gets through the House.
RELATED:
The Hill:
WHIP COUNT: House leaders in both parties seek votes to pass debt-limit deal
Discussion: The Right Scoop
Brian Beutler / TPMDC:
Reid Agrees To Major Debt Limit Deal — Here's What He's Signed Off On
Alicia M. Cohn / The Hill:
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 and Weasel Zippers
RELATED:
Peter Beinart / Yahoo! News:
How the Tea Party Won the Deal
The Politico:
Debt deal complicates liberals' support  —  President Barack Obama's road to debt ceiling compromise runs right through the left wing of the Democratic Party.  —  Much of the focus Sunday centered on House Speaker John Boehner (R-Ohio), who must wrestle conservatives into line to pass the deal before Tuesday's default deadline.
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
New York Times:
From Spending to Cuts, While the Economy Stalls  —  WASHINGTON — The nation's political leaders agreed on Sunday to spend and invest less money in the American economy, a step that economists said risks the reversal of a faltering recovery, in the hope of improving the nation's long-term prosperity.
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
Jim McElhatton / Washington Times:
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 …
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
 
 
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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
Lydia Saad / Gallup:
U.S. Political Ideology Stable With Conservatives Leading
Discussion: Via Meadia
Matt Lewis / The Daily Caller:
“The credit belongs to the man who is actually in the arena,” …
Discussion: GOP 12
 Earlier Items: 
John Paczkowski / AllThingsD:
Apple Launching New iPhone in October, Not September
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 …
 

 
From Mediagazer:

Max Tani / @maxwelltani:
Memo: WaPo's Matt Murray lays out plans for WP Ventures, the “third newsroom”; Krissah Thompson will be editor and Samantha Henig will be general manager

Jack Dunn / Variety:
Trump appoints Mark Burnett, the British TV executive who created and produced the reality show The Apprentice, as a special envoy to the UK

Liz Pelly / Harper's:
How Spotify used its Perfect Fit Content program to rig its system against musicians, filling popular playlists with “ghost artists” to cut its royalty payouts
 
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