In the Water, In the Air: Thursday, December 12, 2013.

FISCAL FOLLIES -- DECEMBER 2013 CONTINUING RESOLUTION

John Boehner: Conservative Groups' Reaction to Budget Deal Is 'Ridiculous' (Matt Berman, National Journal, 12/11).

Dems threaten budget deal (Vicki Needham, Mike Lillis and Bernie Becker, The Hill, 12/11).

Budget Deal Is Better Than Nothing for Weakened Obama (Steven T. Dennis, Roll Call, 12/11).

Republicans Get the Better End of the Budget Deal (Megan McArdle, Bloomberg, 12/11).

House approves budget deal, handing major victory to Boehner (Erik Wasson Russell Berman, The Hill, 12/12).

Bipartisan Budget Deal Puts Ryan Under Fire From Fellow Conservatives (Jonathan Weisman, The New York Times, 12/11).

House Passes Budget Bill to Increase Spending, Reverse Some Automatic Cuts (Charlotte Alter, Time / Swampland, 12/12).

Pelosi on budget deal: ‘Embrace the suck’ (Geoff Earle, The New York Post, 12/12).

Durbin: We need GOP votes for deal (Alexander Bolton, The Hill, 12/12).

Republicans and Tea Party Activists in 'Full Scale Civil War' (Abby D. Phillip, ABC News, 12/12).

John Boehner: Conservative Groups Have 'Lost All Credibility' (Matt Berman, National Journal, 12/12).

The Budget Deal and Defense (Max Boot, Commentary, 12/11).

Conservatives are right to be skeptical of Ryan-Murray budget deal (Philip Klein, The Washington Examiner, 12/11).

In budget deal, Republicans buck the purity police (Dana Milbank, The Washington Post / WP Opinions, 12/11).

 A Firm Step Forward (Paul Ryan, National Review Online, 12/11).

The Budget Deal Is a Win for Democrats (Noam Scheiber, New Republic, 12/11).

Budget deal averts crisis; does little else (Editorial, The Detroit News, 12/12).

The Minimalist Budget Deal (The Editorial Board, The New York Times, 12/11).

What is the Impact of the Defense Sequester on the Economy? (Steve Bell, Shai Akabas, Brian Collins and Alex Gold, Bipartisan Policy Center, 12/11).

Heritage Expert Analysis on the Ryan–Murray Budget Deal (Romina Boccia, The Foundary, 12/11).

CBO Score - Bipartisan Budget Act of 2013 (Congressional Budget Office, 12/11).

ATR Analysis of Budget Proposal (Ryan Ellis and Mattie Duppler, Americans for Tax Reform, 12/11).

The Budget Agreement Should Cut Federal Employee Pay, But Not Like This (Josh Barro, Business Insider, 12/11).

A Cruel, Irresponsible and Dysfunctional Budget Deal (John Nichols, The Nation, 12/10).

The Murray-Ryan Budget Deal and the Slow Death of Public Investment (Ben Harris, RealClearMarkets, 12/12).

Ideologues Shouldn’t Torpedo Budget Truce (Jonathan S. Tobin, Commentary, 12/11).

Paul Ryan Gave Away the Sequester, Along With Fiscal Discipline (Wayne Brough, RealClearMarkets, 12/12).

Another Republican budget surrender (Matt Kibbe, The Washington Times, 12/11).

DEFICITS AND DEBT

This Is the Golden Age of Deficit Reduction (Daniel Gross, The Daily Beast, 12/12).

THE STUDY OF LAW

Over-criminalization undermines respect for legal system (John G. Malcolm and Norman L. Reimer, The Washington Times, 12/11).

REVENUE-SIDE REFORM

The Tax Draft Of Sen. Max Baucus Amounts To Legalized Wealth Confiscation (Scott A. Hodge, Forbes, 12/11).

SPENDING-SIDE REFORM

The Gush of Subsidies and the College Wonderfall (Adam C. Smith, RealClearPolicy, 12/12).

MIXED-SIDE AND REGULATORY REFORM

Real Family Values: Raising the Federal Minimum Wage (Jack Jenkins, Center for American Progress, 12/10).

GROWTH AND JOBS

An Economic Detective Story: Solving the Mystery of Unexpectedly Strong U.S. GDP Growth (Political Calculations, 12/12).

World Led by U.S. Poised for Fastest Growth Since 2010 (Rich Miller and Simon Kennedy, Bloomberg / Personal Finance, 12/12).

GOVERNMENT FINANCE AND FINANCIAL POLICY

Will the market actually cheer tapering? (Jesse Solomon, CNN Money, 12/12).

GLOBAL ECONOMY -- CHINA

China’s Shadow Currency (Matthew Lowenstein, The Diplomat, 12/12).

GLOBAL ECONOMY -- BRITAIN

Britain's negotiating hand in Europe has never been as strong before (Ambrose Evans-Pritchard, The Telegraph, 12/11).

GLOBAL ECONOMY -- WTO

The WTO Is Back -- for Now (Jean-Pierre Lehmann, RealClearWorld, 12/12).

GLOBAL ECONOMY -- JAPAN

Abenomics’ half success (Editorial, Korea JoongAng Daily, 12/11).

Japan's Morally Troubled Revival (Robert Kaplan, RealClearWorld, 12/12).

GLOBAL ECONOMY -- IRELAND

Hardships Linger for a Mending Ireland (Liz Alderman, The New York Times, 12/11).