Breakfast Links: September 19, 2011

— Obama to propose trillions in additional deficit reduction, balanced between tax hikes, defense cuts, and health care savings on top of the $1 trillion in discretionary spending cuts already agreed to with congress.

— Expect a NASA satellite to crash with the earth soon.

Kraft, McGraw-Hill, and Tyco all prepping corporate mitosis.

“The atmosphere should not be our waste dump.”

— Not clear to me that anything’s actually changed, but the animal spirits are grim today on the euro situation.

— The inevitable failure of demand side cost controls.

— Jeff Merkley tells a funny story.

— Kevin Drum as Captain Swing.

— Facebook apps create more jobs than snake deregulation.