* Daniel Drezner makes the abundantly good point that if holding the debt limit hostage is a bad idea now, it will be a bad idea a few months down the road.

* Buzzfeed‘s Ben Smith reports that the insane theory the administration engineered the Newtown massacre to build support for gun regulation is going viral in the wingnutosphere.

* Gallup finds 61% of self-identified Republicans favor abolition of the Electoral College. This should be reported to GOP pols trying to keep the College and then rig it.

* Paul Krugman argues federal deficits won’t be a serious problem for decades–unless we fail to take actions to spur economic recovery.

* Mickey Kaus shows signs of getting obsessive about bashing Ezra Klein. Methinks this will turn out about as well for Mickey as his Senate campaign.

* Former New Orleans mayor Ray Nagin indicted on 21 corruption charges.

And in non-political news:

* Chinese e-commerce billionaire steps down from CEO position because he’s “too old” to run internet-focused business at 48. This makes me laugh bitterly.

Back to blogging after my bitter laughter subsides.

Ed Kilgore

Ed Kilgore is a political columnist for New York and managing editor at the Democratic Strategist website. He was a contributing writer at the Washington Monthly from January 2012 until November 2015, and was the principal contributor to the Political Animal blog.