memeorandum: CNN: Reid Working on His Own All-Cuts Debt Limit Proposal (David Dayen/Firedoglake)

10:10 PM ET, July 24, 2011

Top Items:

Elizabeth Drew / New York Review of Books:

What Were They Thinking? — Someday people will look back and wonder, What were they thinking? Why, in the midst of a stalled recovery, with the economy fragile and job creation slowing to a trickle, did the nation's leaders decide that the thing to do—in order to raise the debt limit …

Discussion: Booman Tribune, Daily Kos and Hullabaloo

The Note:

Debt Crisis Update: No Deal Likely by 4 p.m. — ABC News' Jonathan Karl reports: — Asian markets? They are on their own. A Republican source tells ABC News negotiators do not expect to have a deal or even the framework of a deal on the debt ceiling by 4 p.m. today …

Discussion: The Politico, Outside the Beltway, The Lonely Conservative, The Hill, The Mahablog, Politics, The Gateway Pundit and AMERICAblog News

Paul Krugman:

President Pushover — Updated: Drew article now available. — The redoubtable Elizabeth Drew has a forthcoming article in the New York Review of Books — that confirms all our worst fears. She tells us that past concessions have … Even more alarming, however, is her window on what the White House is thinking:

Discussion: AMERICAblog News, Lawyers, Guns & Money, Moe Lane, Balloon Juice and TBogg

Alexander Bolton / The Hill:

Bill would force Obama to pay Social Security, military if US defaults — Tea Party conservatives hope to make a push on the House floor to force President Obama to avoid a national default if Congress fails to raise the debt limit. — Members of the Senate Tea Party Caucus have met …

Discussion: New York Magazine and RedState

The Hill:

Boehner expects to have proposal Monday; Reid, Pelosi meet Obama — On a Sunday afternoon conference call with House Republican lawmakers, Speaker John Boehner (R-Ohio) called on the GOP to “stick together” in the debt-ceiling negotiations and presented a a timeline that could see a vote on a proposal by Wednesday.

Discussion: Hugh Hewitt's TownHall Blog

Jennifer Rubin / Washington Post:
EXCLUSIVE: What Boehner said to the caucus

Discussion: Taegan Goddard's …, Babalú Blog, Politics and The Right Scoop

Lori Montgomery / Washington Post:
Debt-limit talks at a standstill as parallel strategies take shape in House, Senate

Discussion: The New Republic, msnbc.com and naked capitalism

David Rogers / The Politico:
Boehner, Reid key to path out of debt crisis

Discussion: Washington Monthly

David Dayen / Firedoglake:
CNN: Reid Working on His Own All-Cuts Debt Limit Proposal

Discussion: Taylor Marsh, Associated Press and The Huffington Post

Alicia M. Cohn / The Hill:
Speaker Boehner: President Obama ‘worried about his next election’

Discussion: The Politico, Scared Monkeys, The Note, RedState, Wizbang, The Gateway Pundit, JammieWearingFool and The Hill

The Politico:
No debt deal in sight, parties go separate ways

Discussion: Dow Jones Newswires and Outside the Beltway

John Hayward / Human Events:
Barack the Mad — The American presidency comes off the rails.

Discussion: Doug Ross

New York Times:
Deadline Passes as Debt Ceiling Talks Languish

Discussion: Sky Dancing, The Page, Washington Monthly, TalkLeft and The Huffington Post

Mike / Rortybomb:
The Activist Ratings Agencies and Their Poor Public Sector Predictions

Discussion: Paul Krugman, Economist's View, Hullabaloo and Marginal Revolution

Rita Nazareth / Bloomberg:
U.S. Stock Futures Decline After Lawmakers Fail to Reach Debt-Ceiling Deal

Discussion: TPMDC, Booman Tribune and Talking Points Memo

CBS News:
“Face the Nation” transcript: July 24, 2011

Discussion: Crooks and Liars

Steve Benen / Washington Monthly:
If Boehner prioritizes blame over success

Discussion: Grasping Reality …, Raw Replay, The Politico, Booman Tribune and Prairie Weather

Alicia M. Cohn / The Hill: Durbin to Boehner: ‘You break it, you own it’

Manu Raju / The Politico:
Congress ditches Obama on debt talks

Discussion: Weasel Zippers, CNN, The Moderate Voice, Michelle Malkin, The Caucus, Outside the Beltway, Washington Post, Wake up America, Pajamas Media, The Lonely Conservative, Alan Colmes' Liberaland, Wall Street Journal, The Hill and Washington Examiner

Ezra Klein / Washington Post:
A small deal won't cut it

Discussion: Firedoglake, Grasping Reality …, The New Republic and The Hill

Alexander Burns / The Politico:

Michele Bachmann launches scathing attack on Tim Pawlenty — In a statement just released from her presidential campaign, Michele Bachmann delivers a harsh counterattack on her former home-state governor, hitting back at his charge that she lacks the experience to be president and blaming Tim Pawlenty for a …

Discussion: The Note, Red Dog Report, Weasel Zippers, The Daily Caller, Pirate's Cove and The Page

Tommy Christopher / Mediaite:

Debate Clucker Tim Pawlenty Asks Candy Crowley ‘Is President Obama Chicken?’ — In a statement so rich, Republicans are refusing to tax it, GOP presidential can'tidate Tim Pawlenty (R-The Drain) rhetorically asked CNN's Candy Crowley of President Obama, “Is he chicken?”

Discussion: Crooks and Liars, PERRspectives and MN Progressive Project

Newsweek:

The Maid's Tale — She was paid to clean up after the rich and powerful. Then she walked into Dominique Strauss-Kahn's room—and a global scandal. Now she tells her story. — “Hello? Housekeeping.” — The maid hovered in the suite's large living room, just inside the entrance.

Discussion: The Politico, New York Times, TalkLeft, The Raw Story and Media Decoder, more at Mediagazer »

ABCNEWS:

Dominique Strauss-Kahn Accuser Speaks Out in Exclusive ABC News Interview — In an exclusive television interview, ABC News' Robin Roberts speaks with the hotel employee who alleges she was sexually assaulted by former International Monetary Fund Chief Dominique Strauss-Kahn.

Discussion: Runnin' Scared and The Wire

New York Times:

Police Say Oslo Suspect Admits ‘Facts’ in Massacre — OSLO — The Norwegian man charged with attacks in and near Oslo, killing over 90 people, has admitted “to the facts” of the case, the police and his lawyer said on Sunday, and claims to have acted alone in a strike eerily foretold …

Discussion: Associated Press, Reuters, MyDD, The Huffington Post and New York Magazine

Nicholas Kulish / New York Times:
Norway Attacks Put Spotlight on Rise of Right-Wing Sentiment in Europe

Discussion: Booman Tribune, Guardian, Hot Air, American Power, THE ASTUTE BLOGGERS and Alan Colmes' Liberaland

James S. Robbins / Washington Times:
Exclusive: The Oslo Terrorist in His Own Words: Bomber Predicted “Europe soon will burn once again”

Discussion: ABCNEWS, Pajamas Media, American Power and The Lonely Conservative

Paul Krugman:

Means-testing Medicare — I've been thinking about this issue more since Friday's discussion with David Brooks, and have come to the conclusion that this is an even worse idea, on pure policy grounds, than even most liberals realize. — The usual argument against means-testing …

Discussion: Modeled Behavior and Marginal Revolution

Rasmussen Reports:

Voters Give GOP 10-Point Edge Over Democrats on Economy — With lawmakers haggling over government debt and consumer confidence at a two-year low, voter confidence in Republicans to handle the economy is growing. — The latest Rasmussen Reports national telephone survey of Likely Voters shows …

Discussion: Power Line, The Gateway Pundit, Pajamas Media and Red Dog Report

Scott Johnson / Power Line:

Someone is putting words in Jen Rubin's mouth — The Washington Post management doesn't seem to get it. One James Fallows — he who made light of earthquakes in China and never offered a word of apology for his screwy defamation of conservatives in the shooting of Rep. Gabrielle Giffords …

Discussion: loonwatch.com, Elder of Ziyon and Instapundit

Adam Liptak / New York Times:

The 14th Amendment, the Debt Ceiling and a Way Out — WASHINGTON — A few days ago, former President Bill Clinton identified a constitutional escape hatch should President Obama and Congress fail to come to terms on a deficit reduction plan before the government hits its borrowing ceiling.

Discussion: The Huffington Post, Firedoglake, The Other McCain, Pajamas Media, Sky Dancing, Prairie Weather and Pirate's Cove

Thomas L. Friedman / New York Times:

Make Way for the Radical Center — DID I mention that I've signed a pledge — just like those Republican congressmen who have signed written promises to different political enforcers not to raise taxes or permit same-sex marriage? My pledge is to never vote for anyone stupid enough to sign a pledge …