- News of the morning: Obama has put a very large deficit reduction deal in play. He’s looking to swap Medicare and Social Security cuts for some $1 trillion in new revenues, in part by tying future tax reform to immediate spending cuts.
- He may be risking liberal flight, but the fine print matters a lot.
- It’s very important for the Treasury Department to make clear that there’s no contingency plan if the Aug. 2 debt ceiling deadline isn’t met. Of course, there’s a secret contingency plan.
- The rhetorical line between spending and tax cuts is often arbitrary.
- A federal appeals court has halted enforcement of Don’t Ask Don’t Tell.
- Minnesota doesn’t know much about its own shutdown because it fired all the people who know about the shutdown.
- Bachmann goes up with an intro TV spot in Iowa, including an on-the-news pledge against raising the debt ceiling.
[youtube=http://www.youtube.com/watch?v=3Cc5q8PKk8c]
- Meet the man who hunted bin Laden. Did the White House release unidentified pictures of him?
- And a guide to the worst politician Facebook photos.