memeorandum: You Can't Solve A Debt Problem With More Debt (John Mauldin/Business Insider)

5:20 PM ET, January 1, 2012

Top Items:

Ron Paul Flips Out Over Accusation That He Believed 9/11 Conspiracy Theories … GOP Candidates , Elections 2012 , Video , Ron Paul 2012 , Ron Paul Iowa , Ron Paul 9/11 , Ron Paul Newsletters , Ron Paul Racist , Ron-Paul-Conspiracy-Theory , Politics News — Republican presidential candidate Ron Paul …

Discussion: Lez Get Real, The Raw Story, Washington Post, ABCNEWS and Mediaite

msnbc.com:

First Thoughts: Breaking down the final Iowa poll — NBC's Domenico Montanaro reports on the ad race in Iowa, why Santorum's making his move, and how undecided voters might break on Election Night. — By NBC's Chuck Todd, Mark Murray, and Domenico Montanaro

Discussion: Iowa Caucuses, The Politico and Washington Monthly

Patricia Murphy / The Daily Beast:

New Poll Shows Mitt Romney on the Cusp of Iowa Victory — The latest Des Moines Register poll shows Mitt leading the Iowa pack. Patricia Murphy on a candidate finally coming into his own. — As the clock ticked toward midnight in Sioux City, Iowa, Mitt Romney burst into a smallish meeting room …

Discussion: Outside the Beltway

Gschwarzcnn / CNN:

TRENDING: Democrats send ghost from Romney's past — (CNN) - Democrats aren't missing a chance to take aim at their favorite target: Republican presidential frontrunner and former Bain Capital executive Mitt Romney. — Randy Johnson, a worker laid off when Bain bought American Pad and Paper Company …

Discussion: The Politico

Des Moines Register:

Romney leads Paul in Des Moines Register Iowa Poll; Santorum surges — Mitt Romney tops the latest Des Moines Register Iowa Poll in the closing days before the Iowa caucuses, but Ron Paul and Rick Santorum are poised within striking distance. — The poll, conducted Tuesday through Friday …

Discussion: Real Clear Politics, Los Angeles Times, National Review, CNN, The Other McCain, Hot Dish Politics, Washington Post, The PJ Tatler and Wall Street Journal

Des Moines Register:
Romney leads Paul in new Des Moines Register Iowa Poll; Santorum surges

Niall Stanage / Ballot Box:
No endorsement yet by Rep. Steve King

Discussion: The Politico, CNN, ABCNEWS and Quad City Times, more at Mediagazer »

Cameron Joseph / Ballot Box:
Santorum downplays need to win, wants to beat Bachmann, Perry

Discussion: CNN

New York Times:

I Just Got Here, but I Know Trouble When I See It — BELIEVE it or not, times are getting better. — At least that's what the dry statistics keep telling us. Industrial production, G.D.P. — the kind of figures that Washington and Wall Street sweat over — suggest that the economy is on the mend.

Discussion: The Big Picture, Brad DeLong and EconLog

City Room:

Surging Back Into Zuccotti Park, Protesters Are Cleared by Police — Updated More than 500 people associated with the Occupy Wall Street movement gathered in Zuccotti Park on Saturday and, in a return to scenes from earlier in the year, the evening began with the sound of drumming and calls …

Discussion: Firedoglake, OccupyWallSt News, Mediaite, Weasel Zippers and Connecting.the.Dots

New York Post:

OWS mob in clash with cops — Some 800 Occupy Wall Street protesters began the new year by trying to retake Zuccotti Park last night, starting a massive clash with police in which one officer was stabbed in the hand with a pair of scissors. — A suspect was arrested in the 11:30 p.m. incident, according to a law enforcement source.

Discussion: The Gateway Pundit

Glenn Greenwald / Salon:

Progressives and the Ron Paul fallacies — The benefits of his candidacy are widely ignored, as are the Democrats' own evils — As I've written about before, America's election season degrades mainstream political discourse even beyond its usual lowly state.

Discussion: Hot Air, alicublog, Taylor Marsh, The Mahablog, The Talking Dog, LewRockwell.com Blog, Wizbang, Lawyers, Guns & Money and The Moderate Voice

Ross Douthat / New York Times:
Pariahs and Prophets — IN 1984, after serving three terms …

Discussion: No More Mister Nice Blog, Patterico's Pontifications, Spengler and Rod Dreher

John Mauldin / Business Insider:

You Can't Solve A Debt Problem With More Debt — “Whoever cannot seek the unforeseen sees nothing for the known way is an impasse.” — Heraclitus, Fragments — Which path will we take? If we could only grow our way out of our sovereign debt problems.

Discussion: Questions and Observations

John H. Cochrane / The Grumpy Economist:

Krugman on stimulus — I usually don't respond to Paul Krugman's blog posts. But last week he wrote about Stimulus and Ricardian Equivalence. The post gives a revealing view of his ideas, so it's worth making an exception. — Paul explains: … So, according to Paul, “Ricardian Equivalence …

Discussion: Brad DeLong, Paul Krugman, Economist's View, Econbrowser and Angry Bear

Julia Duin / Washington Post:

Adam Bellow hopes to give voice to the tea party with new conservative imprint at HarperCollins — NEW YORK — Attention, conservatives: Adam Bellow says this is your moment. — The intellectual left, he contends, is in a vacuum. The right is where there are ideas, variety, excitement.

Discussion: Fausta's Blog

Gautham Nagesh / The Hill:

Online community Reddit driving opposition to piracy bill — Members of Congress and their staff have grown used to scouring the Web, Twitter and Facebook to see where voters stand before finalizing their positions. But the heated debate over the Stop Online Piracy Act (SOPA) …

Discussion: Betabeat