memeorandum: Break the spend-and-borrow cycle (Rick Perry/Washington Post)

8:00 PM ET, July 14, 2011

Top Items:

Josiah Ryan / The Hill:

Reid: Cantor acted ‘childish’ and shouldn't be at the negotiation table — Senate Majority Leader Harry Reid (D-Nev.) said Thursday that House Majority Leader Eric Cantor (R-Va.) acted “childish” in the debt talks. — He is the the latest Democratic leader to accuse Cantor of impeding progress …

Discussion: The Note, Washington Post, CNN, The TrogloPundit, The Caucus, The Gateway Pundit, The Sundries Shack, Washington Monthly, THE ASTUTE BLOGGERS and Riehl World View

Sam Stein / The Huffington Post:

Harry Reid And Mitch McConnell: ‘Hybrid’ Solution To Debt Standoff … Barack Obama , Harry Reid , Mitch McConnell , Cantor Debt Ceiling , Debt Ceiling , Cantor Obama , Debt Ceiling Approach , Debt Ceiling Mcconnell , Debt Ceiling Negotiations , Hybrid Debt Ceiling , Mcconnell Debt Ceiling Plan …

Discussion: TPMDC, Washington Post, Hot Air, Firedoglake, Daily Kos, msnbc.com, TalkLeft, National Review, Prairie Weather, ThinkProgress and White House Dossier

The Politico:

Washington loses its cool — Tensions are running so high over debt talks that Capitol Hill leaders turned down a trip to Camp David before the White House even invited them. — The mood among debt-limit negotiators appeared as sour Thursday as it was the night before …

Discussion: NewsBusters.org, The Huffington Post, The Heritage Foundation, New York Magazine, The Page, Daily Kos, The Reaction, Booman Tribune and The Democratic Daily

Ezra Klein / Washington Post:

The White House's case for a big deficit deal — (Andrew Harrer - BLOOMBERG) A lot of Democrats took one look at the McConnell plan, which would raise the debt ceiling without substantive fiscal concessions, and saw their way out of this mess. But not the White House.

Discussion: The New Republic, Hullabaloo, Crooks and Liars, AMERICAblog News, The Huffington Post, Daily Kos and The Politico

Ezra Klein / Washington Post:

Wonkbook: Why Obama walked out — (Pablo Martinez Monsivais - AP) Last night's debt-ceiling meeting did not go very well. Unlike in the Biden negotiations, where the talks were kept quiet and so the participants didn't grandstand, these negotiations have been leaking …

Discussion: CNN, Wall Street Journal, ThinkProgress, The Moderate Voice, Hugh Hewitt's TownHall Blog, Global Public Square, Washington Monthly and The Mahablog

David Dayen / Firedoglake:
Forget the Scrum: Real Details on Debt Limit Deal Emerge

Discussion: Washington Post, TPMDC, The Hill and Shakesville

Jennifer Epstein / The Politico:
John McCain turns ‘pea’ shooter on Obama

Discussion: JustOneMinute, The Western Experience, TPMDC and FrumForum

Manu Raju / The Politico:
Amid cordial talks, Obama repeats debt deal demand

Discussion: Weasel Zippers, ourfuture.org/blogs_chrono/*, The Atlantic Online and The Hill

Bloomberg:
Obama May Call Lawmakers to Camp David

Discussion: Wall Street Journal and FrumForum

Amanda Carey / The Daily Caller:
Boehner says ‘no need’ for a Camp David summit

Discussion: Weasel Zippers

Jeffrey M. Jones / Gallup:

“Republican Candidate” Extends Lead vs. Obama to 47% to 39% — Margin marks first statistically significant lead among registered voters — PRINCETON, NJ — Registered voters by a significant margin now say they are more likely to vote for the “Republican Party's candidate for president” …

Discussion: Washington Wire, The Western Experience, Hot Air, Pajamas Media, blogs.telegraph.co.uk, Taylor Marsh, The TrogloPundit, Weasel Zippers, Poll Watch Daily, Nice Deb, CNN, MyFox Twin Cities, The Lonely Conservative, Indecision Forever, Shakesville and Outside the Beltway

Paul Krugman:

Obama, Moderate Republican — OK, not exactly. But Nate Silver's analysis of the budget proposals is a must-read. Nate looks at polling, and extracts the following implied preferences for the mix between tax increases and spending cuts in a debt deal: — What Obama has offered …

Discussion: Crooks and Liars, Grasping Reality …, iOwnTheWorld.com, The Confluence, Modeled Behavior, Daily Kos, Lawyers, Guns & Money, The New Republic, FiveThirtyEight and Gallup

Alicia M. Cohn / The Hill:
Quinnipiac poll finds more voters would blame GOP on debt

Discussion: Roll Call, Washington Monthly, No More Mister Nice Blog and Investor's Business Daily

Judicial Watch:

Documents Show Obama White House Attacked, Excluded Fox News Channel — White House Emails Detail anti Fox Bias inside Obama White House: “I'm putting some dead fish in the fox cubby — just cause” “[FNC Anchor] Bret Baier...is a lunatic” — Judicial Watch, the public interest group …

Discussion: The Atlantic Online, Sister Toldjah, Political Punch, The Daily Caller, Hot Air, New York Magazine, Mediaite, Doug Ross, YID With LID, Weasel Zippers, Verum Serum, Big Journalism, The Gateway Pundit, Pajamas Media, The Lonely Conservative and Gawker

Bruce Orwall / Wall Street Journal:

In Interview, Murdoch Defends News Corp. — In his first significant public comments on the tabloid newspaper scandal that has engulfed his media empire, News Corp. Chairman and Chief Executive Rupert Murdoch vigorously defended the company's handling of the crisis but said it would establish …

Discussion: New York Times, Company Town, Guardian, The Daily Dish, Salon, The Lede, Gawker, Runnin' Scared and New York Magazine, more at Mediagazer »

William K. Rashbaum / New York Times:
F.B.I. Opens Inquiry Into Hacking of 9/11 Victims

Discussion: Los Angeles Times, Telegraph, Crooks and Liars, Felix Salmon, Outside the Beltway, FT Alphaville and The Agonist

Tom Hays / Associated Press:
AP source: FBI reviews News Corp. 9/11 phone claim

Discussion: The Raw Story and Raw Replay, more at Mediagazer »

Jerry Markon / Washington Post:
FBI examining alleged News Corp. phone hacking

Discussion: CNN and AMERICAblog News

Megan McArdle / The Atlantic Online:

Debt Ceiling: What's the End Game For Republicans? — Jonathan Podhoretz reads a Quinnipiac poll showing that by a margin of 48-34, the public is going to blame Republicans and not Obama if we don't raise the debt ceiling, and joins the ranks of the Washington sellouts:

Discussion: Commentary Magazine, Daniel W. Drezner and Instapundit

Jennifer Epstein / The Politico:
U.S. credit rating not worth saving, Ron Paul says

Discussion: CNN, New York Times and LewRockwell.com Blog

New York Post:
The comedian-in-chief — Here's a joke for you: President …

Discussion: National Review and Maggie's Farm

The Note:

Mitt Romney Breaks Silence on Debt Ceiling — ABC News' Emily Friedman(@EmilyABC) reports: — It didn't take long for Mitt Romney to field a question on the debt ceiling negotiations today during an event at the Portsmouth Rotary Club in New Hampshire. — After Romney's opening remarks …

Discussion: The Hill, TPMDC, FrumForum and Political Punch

Alexander Burns / The Politico:
The Bain of Mitt Romney's campaign

Discussion: CNN, Erick's blog, Ben Smith's Blog, Taylor Marsh and Daily Kos

The Note:

Sarah Palin Paid Almost $14,000 to Decorate Her Tour Bus and More From SarahPAC's FEC Report — ABC News' Sheila Marikar (@SheilaYM) and Michael Falcone (@michaelpfalcone) report: — Sarah Palin spent almost $14,000 to adorn her “One Nation” tour bus with larger-than-life renditions of the Constitution …

Discussion: TPMDC

Michael O'Brien / The Hill:
Palin PAC raises $1.6M in first half of year

Discussion: Washington Post and American Power

Gschwarzcnn / CNN:
Palin raises over $1.6 million

Discussion: Conservatives4Palin and The Note

Steve Benen / Washington Monthly:

'We're running out of time' — It's safe to say the Secretary of the Treasury is feeling some anxiety. … Putting aside, at least for now, whether Tim Geithner is my favorite Treasury Secretary of all time or not, I've been thinking a bit lately about what it must be like to be in his shoes right now.

Felix Salmon:
The damage already done by the debt ceiling debate

Discussion: ThinkProgress and The Atlantic Online

Scott Wong / The Politico:
Timothy Geithner on debt ceiling: 'We're running out of time'

Discussion: The Note and Alan Colmes' Liberaland

MyFox Twin Cities:

End to Minnesota Shutdown in GOP Hands — Special session could be called within three days — ST. PAUL, Minn. (FOX 9) - Minnesota Gov. Mark Dayton sent a letter Thursday to House Speaker Kurt Zellers and Senate Majority Leader Amy Koch, saying he “reluctantly” agrees to accept …

Discussion: Wall Street Journal, Hot Air, Power Line, Cold Fury, Moe Lane, The Lonely Conservative, Pajamas Media and Daily Pundit

Minneapolis Star Tribune:
Dayton agrees to June 30 GOP offer, with conditions

Discussion: Washington Post, Associated Press, National Review, Outside the Beltway, TPMDC and Daily Kos

Ccolton / CBS New York:

Judge Declares Mistrial In Roger Clemens Perjury Case — NEW YORK (CBSNewYork / AP) — The judge presiding over Roger Clemens' perjury trial has declared a mistrial over over inadmissible evidence shown to jurors that could have prejudiced them against the former Yankees star.

Discussion: The Moderate Voice

ESPN:
Mistrial ruled in Roger Clemens case

Discussion: Gothamist, Outside the Beltway and Off the Kuff

Time:

Conspiracy of Two — For one of the world's most watched buildings, the White House is remarkably easy to sneak into. On the afternoon of Sunday, July 3, while reporters scribbled down the details of President Obama's early return from a family vacation at Camp David — short sleeves …

Discussion: Hullabaloo

Karl Rove / Wall Street Journal:
Obama Owns the Debt-Ceiling Fiasco

Discussion: Washington Post, Don Surber, americanthinker.com, The Moderate Voice, The Hankster, Booman Tribune, The Atlantic Online and msnbc.com

Jonathan Dienst / NBC New York:

The Accused Killer in His Own Words — Read a partial transcript of the confession that police say Levi Aron gave during questioning … My name is Levi Aron... On Monday evening around 5:30 I went to my dentist, Dr. Sorcher, to make a payment for visit for exam routine.

Discussion: msnbc.com, City Room, ABCNEWS, Runnin' Scared, Gothamist, The Daily Dish and NY Daily News

Siobhan Gorman / Wall Street Journal:

Bin Laden Plotted to Attack U.S. on 9/11 Anniversary — Osama bin Laden was working to assemble a team of militants to attack the U.S. on the 10th anniversary of the Sept. 11 hijackings, according to communications that Navy SEALs seized from his Pakistani hideout when they killed the al Qaeda leader this spring.

Discussion: The Politico, Gothamist, Runnin' Scared, MyFox Twin Cities, Politics and New York Magazine

Jake Tapper / Political Punch:

Which Is Worse? Default or Voting to Raise the Debt Ceiling Again in 2012?: Today's Qs for O's WH - 7/14/2011 — CARNEY: That is a bad scenario. I'm not sure — I mean — TAPPER: Is it worse — CARNEY: You know, there are things you could anticipate. But I — yes.

Discussion: Swampland, Moe Lane, Hot Air, Verum Serum, National Review and Cold Fury

Bloomberg:

Reinhart and Rogoff: The Economy Can't Grow — As public debt in advanced countries reaches levels not seen since the end of World War II, there is considerable debate about the urgency of taming deficits with the aim of stabilizing and ultimately reducing debt as a percentage of gross domestic product.

Discussion: National Review and AMERICAN FUTURE

Rasmussen Reports:

55% Oppose Tax Hike In Debt Ceiling Deal — As the Beltway politicians try to figure out how they will raise the debt ceiling and for how long, most voters oppose including tax hikes in the deal. — Just 34% think a tax hike should be included in any legislation to raise the debt ceiling.