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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:
ThinkProgress, Firedoglake, The Moderate Voice, Hit & Run, theblogprof, Booman Tribune, Left in the West, Ricochet Conversation Feed, The Daily Caller, Hullabaloo, CNN, Guardian, Democracy in America, The BRAD BLOG, neo-neocon, Don Surber, Mediaite, Washington Post, The Reaction, Questions and Observations, The Huffington Post, ourfuture.org/blogs_chrono/*, Simply Left BehindThe …, The New Republic, Le·gal In·sur·rec· tion, Pajamas Media, No More Mister Nice Blog, The Gateway Pundit, Wake up America, Alan Colmes' Liberaland, Cafe Hayek, Washington Monthly, Jack & Jill Politics, The Atlantic Online, Taylor Marsh, Big Government, Colorlines, p m carpenter's commentary, Weasel Zippers, DownWithTyranny!, Connecting.the.Dots, Salon, Indecision Forever, AMERICAblog News, The Other McCain, Power Line, Daily Kos, Sky Dancing and Outside the Beltway
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Krugman Quibble — I agree with most of what Paul Krugman has to say about the debt deal-with one crucial exception. He's right that Obama should have included raising the debt ceiling in last December's tax deal...but he's wrong, I think, about the President using what we'll call …
Discussion:
Balloon Juice and Guardian
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The Fine Print on the Debt Deal — If Democrats read the fine print on the debt deal struck by President Obama and Congressional leaders, they'll find that it's a little better than it appears at first glance. — That's not to say that the deal is a good one for them.
Discussion:
Washington Monthly, Cato @ Liberty, The New Republic, Washington Times, Hit & Run, The Hill, nation.foxnews.com and Calculated Risk
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The myth of Obama's “blunders” and “weakness” — With the details of the pending debt deal now emerging (and for a very good explanation of the key terms, see this post by former Biden economic adviser Jared Bernstein), a consensus is solidifying that (1) this is a virtually full-scale victory …
Discussion:
The New Republic, Daily Kos and Lawyers, Guns & Money
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Mitt Romney opposes compromise deal on the debt ceiling
Discussion:
CNN, The Daily Caller, Maggie's Farm, Weasel Zippers, The Note, Ben Smith's Blog and ThinkProgress
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Did Obama Get Rolled? — The debt ceiling agreement is a horrible piece of legislation.
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Ransom Paid — Anyone who characterizes the deal between …
Discussion:
DISSENTING JUSTICE and Jared Bernstein
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The Hostages Next Time — I remember last December sitting …
Discussion:
Firedoglake, Biased BBC, The Atlantic Online, Washington Monthly and AlterNet
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The Diminished President — By rights, Barack Obama …
Discussion:
CNN, AmSpecBlog, Outside the Beltway and The Atlantic Online
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Biden: Tea partiers like ‘terrorists’ — Vice President Joe Biden joined House Democrats in lashing tea party Republicans Monday, accusing them of having “acted like terrorists” in the fight over raising the nation's debt limit. — Biden was agreeing with a line of argument made by Rep. Mike Doyle …
Discussion:
CBS News, CNN, The Hill, And So it Goes in Shreveport, Mudville Gazette, The Jawa Report, The POH Diaries, Outside the Beltway, The Gateway Pundit, Conservatives4Palin, Pajamas Media, Political Punch, TPMDC, Weasel Zippers, Dependable Renegade, The Daily Caller, The Right Scoop, National Review, Verum Serum, Gawker and TheBlaze.com
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House approves debt ceiling bill as Giffords makes dramatic return — The House on Monday approved bipartisan legislation to raise the $14.3 trillion debt ceiling and reduce long-term budget deficits, endorsing the agreement President Obama struck with Republican leaders.
Discussion:
The Note and The Other McCain
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House Passes Bill on Debt Ceiling — WASHINGTON — The House of Representatives on Monday passed the landmark compromise to raise the debt ceiling and sharply cut spending, drawing a solid majority of the Republicans, along with a about half of the Democrats, to push through a package …
Discussion:
ThinkProgress, Outside the Beltway and The Daily Dish
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House To Recess After Debt Vote, Even Though FAA Shutdown Is Forcing Inspectors To Work Without Pay
Discussion:
Plain Dealer and Daily Kos
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GOP leaders, Biden scramble for House support on debt deal
Discussion:
The Politico, Firedoglake, The Note, Washington Monthly, Hot Air, Washington Post, Weasel Zippers and The Caucus
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WHIP COUNT: Debt-limit bill appears to have the votes to clear Congress — 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 to clear the bill through the lower chamber.
Discussion:
The Politico, The Right Scoop, Guardian, JustOneMinute, Alan Colmes' Liberaland and Daily Kos
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Budget talks in a word: ‘Ridiculous,’ ‘disgusting’ and ‘stupid’ top poll — Americans give overwhelmingly negative reviews to the fierce budget debate that has transfixed Washington over the past few weeks, and large numbers now think less favorably about the country's political leaders …
Discussion:
No More Mister Nice Blog, Wonkette and AMERICAblog News
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Can debt deal pass House if Dem leaders don't whip votes?
Discussion:
The Moderate Voice
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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.
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Debt Ceiling Deal—Less Than Meets the Eye
Discussion:
Washington Post, TalkLeft, Democracy in America, James Pethokoukis, Guardian, The New Republic, Hit & Run and FiveThirtyEight
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Why the Debt Ceiling Deal Sucks
Discussion:
International Liberty, Daily Kos, The Heritage Foundation and American Power
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Bolton Speaks — John Bolton has just issued a thoughtful statement raising “serious questions ... about the national-security implications of the proposed deal to raise the Federal debt ceiling.” Bolton calls attention to the worrisome short-term defense cuts that the deal makes likely …
Discussion:
The Atlantic Online, CBS News, Washington Post, Salon, AmSpecBlog and ThinkProgress
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The debt-ceiling deal in one flowchart
Discussion:
Cato @ Liberty, Free exchange and Naked Politics
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Health industry fears double whammy in Medicare cuts
Discussion:
ThinkProgress
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Both the Left and Right Sour on Debt Deal — ABC News' Shushannah Walshe (@shushwalshe) reports — Senate Majority Leader Harry Reid of Nevada today echoed the feelings of people on both ends of the political spectrum who say they feel cut out of the final debt deal, but still urged members of Congress to vote for the compromise.
Discussion:
CNN and Alan Colmes' Liberaland
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Five Things for Liberals to Like in the Debt Ceiling Deal — As the broad strokes of the debt ceiling deal began to leak out over the weekend, progressive groups filled reporters' inboxes with outraged e-mails. “Seeing a Democratic President take taxing the rich off the table and instead push …
Discussion:
Salon, Booman Tribune, Daily Kos, Newshoggers.com and Suburban Guerrilla
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AFP Wisconsin ballots have late return date — Americans for Prosperity is sending absentee ballots to Democrats in at least two Wisconsin state Senate recall districts with instructions to return the paperwork after the election date. — The fliers, obtained by POLITICO …
Discussion:
JSOnline, Daily Kos, Gawker and ThinkProgress
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Most of Newt Gingrich's Twitter Followers Are Fake — Yesterday Newt Gingrich laid out a new argument for why he should be the GOP presidential nominee: He's got the most Twitter followers. But according to a former Gingrich staffer, he bought them. — Gingrich complained yesterday …
Discussion:
Mock, Paper, Scissors and Mediaite
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Pamela Geller Deletes Racist Caption, Hides Comments — Today we find that anti-Muslim lunatic Pamela Geller is editing her posts again, to remove evidence of blatant racism. — In her despicable post from yesterday, in which she attacked the victims of Oslo terrorist Anders Behring Breivik …
Discussion:
Jesus' General
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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.
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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:
Hot Air, ABCNEWS, Washington Post, Mediaite, Outside the Beltway, Politics, Ben Smith's Blog and SWJ Blog
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The red and the black — Where federal taxes are raised and spent — SOME American states receive more in federal spending than they pay in federal taxes; others receive less. Over twenty years these fiscal transfers can add up to a sizeable sum. From 1990 to 2009 …
Discussion:
ThinkProgress
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The Winner of the Power Line Prize Is... “The Spending Is Nuts,” by Justin Folk: — “Squirrels,” as we call it informally, is a beautiful piece of work. (View it on YouTube in HD here.) We asked Justin to share his thoughts on the contest and his video:
Discussion:
Pajamas Media and Michelle Malkin