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9:55 AM 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.
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.
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 …
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 …
Brian Beutler / TPMDC:
Reid Agrees To Major Debt Limit Deal — Here's What He's Signed Off On  —  Senate Majority Leader Harry Reid (D-NV) has signed off on a deal to raise the debt limit pending the approval of his caucus — and of course if can win the backing of Senate GOP leaders and then a majority of the House.
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 …
Discussion: The Politico, JustOneMinute and CNN
Greg Sargent / Washington Post:
GOP on verge of huge, unprecedented political victory  —  By all accounts, it looks like a deal is about to be announced in which the debt ceiling is hiked in exchange for the promise of major spending cuts, including to entitlements, totalling at least $2.4 trillion.
Washington Post:
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.
New York Post:
Floundering Obama aims for '12 miracle
Discussion: National Review
David Morgan / Reuters:
White House adviser says deficit deal will pass Congress
Rachelle Younglai / Reuters:
House Democrats might not back debt deal: Pelosi
CNN:
Debt deal vote likely on Monday, party sources say
Discussion: Swampland and The Jawa Report
New York Times:
Obama and Leaders Reach Debt Deal
Brian Beutler / TPMDC:
IT'S A DEAL! Obama, Congressional Leaders Announce Deal To Avoid Default
Discussion: Crooks and Liars and The Raw Story
Alexander Bolton / The Hill:
Reid, McConnell endorse deal, will present to rank-and-file Monday
Discussion: The Politico and Wonkette
Thomas Lane / Talking Points Memo:
Waiting To Exhale
Discussion: TPMDC and The Hill
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.
Discussion: The Atlantic Online and Daily Kos
RELATED:
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:
James Pethokoukis:
Debt ceiling update: tax increases still a no-go
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: Taegan Goddard's …
Pamela Geller / Atlas Shrugs:
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.
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
Discussion: Ben Smith's Blog
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 …
 
 
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 More Items: 
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
Sig Christenson / Houston Chronicle:
Some in Killeen worry they're a target
Discussion: This ain't Hell …
Frank Donze / New Orleans Times-Picayune:
Edwin Edwards is barely singed at 84th birthday roast
Discussion: Hotline On Call and RedState
Kevin G. Hall / McClatchy Washington Bureau:
Experts: Debt deal avoids tackling hard questions
Menzie Chinn / Econbrowser:
Tales from the GDP revisions
Discussion: Grasping Reality …
Kenneth P. Vogel / The Politico:
Ads tout Rick Perry as ‘better option’ for president
Discussion: USA Today, msnbc.com, Don Surber and GOP 12
Simonhernandezarthur / CNN:
Bachmann cuts Iowa swing short
 Earlier Items: 
CNNMoney.com:
Asian markets surge on ‘debt relief’
Robert / Jihad Watch:
New York Times concedes that Spencer and other anti-jihadists are not responsible for Norway murders
Directorblue / Doug Ross:
WARNING: Do not show this chart to a liberal (unless wearing headgear to protect you from a …
Voice of America:
Remake of history
Discussion: Weasel Zippers and Jihad Watch
MyFOX Detroit:
Agents Raid Wrong House in Sterling Heights
Salena Zito / Real Clear Politics:
White House's Over-the-Cliff Moment
Discussion: Hot Air and Tom Watson
 

 
From Mediagazer:

Jeff Jarvis / Columbia Journalism Review:
Journalists and liberal critics blast the NYT and other US news outlets for “sanewashing”, false equivalence, and more, and call for sharper political reporting

Todd Spangler / Variety:
An amended FCC filing shows that Skydance CEO David Ellison will hold 100% of the Ellison family's voting interests in the combined Paramount-Skydance company

Jeremy Fuster / The Wrap:
SAG-AFTRA announces a deal with Ethovox, an AI company building a “foundational voice model” based on voices of members, who would get an ongoing revenue share
 
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