— 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.
— 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.