memeorandum: A Tale of Two Shale States (Wall Street Journal)

3:40 AM ET, July 27, 2011

Top Items:

David Rogers / The Politico:

CBO: John Boehner's debt bill comes up short — On the eve of a House vote, new cost estimates from the Congressional Budget Office could pose a problem for Speaker John Boehner as he tries to rally conservative support for his two-step plan to raise the federal debt ceiling and avert default next week.

Discussion: USA Today, Weasel Zippers, Taylor Marsh, CNN and Outside the Beltway

Josh Marshall / Talking Points Memo:

Cat To Emerge from Bag? — There's an interesting possibility, even a likelihood, we may see unfold over the coming days. And if it happens, we might find out quickly whether there's a limit past which consensus opinion, the Wall Street/business interests who hold such a sway over national politics …

Discussion: Balloon Juice

Greg Sargent / Washington Post:

Dems plot the endgame in debt limit fight — So now what? Now that Dems and Republicans have unveiled competing plans for the way forward — and now that both sides have dug in — what happens next? — Here's the game plan, as seen by Senate Dem aides: The next move is to sit tight …

Discussion: CBS News, NationalJournal.com, The Hill, Roll Call, National Review, The Caucus and Daily Kos

Wall Street Journal:

The GOP's Reality Test — Republicans who oppose Boehner's debt deal are playing into Obama's hands. — The debt-limit debate is heading toward a culmination, with President Obama reduced to pleading for the public to support a tax increase and Speaker John Boehner and Senate Majority …

Discussion: The Hill

Erik Wasson / The Hill:

Boehner to rework his debt-ceiling bill — Speaker John Boehner (R-Ohio) will rework his two-step plan to raise the debt ceiling after the Congressional Budget Office (CBO) found the bill would not cut as much spending as promised. — “We're here to change Washington - no more smoke-and-mirrors …

Discussion: RedState, nation.foxnews.com and ThinkProgress

Jack Lew / White House.gov Blog:

Baseline Basics — The CBO just released its analysis of the debt ceiling extension and deficit reduction plan that the House of Representatives is considering. We have been clear in our opposition to this bill, and the President explained why last night.

Discussion: National Review and Politics

Daniel Stone / Yahoo! News:

Analysis: U.S. credit downgrade ‘inevitable’ — The deadlock over raising the U.S. debt ceiling continued to weigh on stocks ...more — Only seven days stand between the U.S. and the effects of a credit default. But a downgrade of the nation's stellar AAA credit rating seems a lot more likely, and a lot sooner.

Discussion: YID With LID, The Gateway Pundit and Hot Air

Washington Times:
House GOP revolts against Boehner plan

Discussion: Weasel Zippers, Red Dog Report and Associated Press

Marin Cogan / The Politico:
Conservative frosh go opposite ways

Discussion: The Hill, The Page and The Note

Allahpundit / Hot Air:
Oof: CBO says Boehner's bill would save less than $1T over 10 years …

Discussion: National Review, The Politico and Weasel Zippers

The Hill:
Cantor tells GOP to ‘stop whining’ about Boehner debt-ceiling plan

Discussion: Hot Air, NTU, The Politico, Washington Monthly, Club for Growth, CNN, Crooks and Liars, Hullabaloo, Erick's blog, James Pethokoukis, The Note, The Page, Center for Fiscal …, Hugh Hewitt's TownHall Blog, Le·gal In·sur·rec· tion and JustOneMinute

Jennifer Epstein / The Politico:
Debt ceiling poll: Voters with Obama

Discussion: Washington Monthly

Alicia M.Cohn / The Hill:
Boehner says his plan's deficit committee will not raise taxes

Discussion: The Politico, The Hill, Washington Post, The Note, The Democratic Daily, Jared Bernstein, CNN and Little Green Footballs

Brian Beutler / TPMDC:
NOPE! Top House Conservatives Says Boehner Lacks Sufficient GOP Support To Raise Debt Limit

Discussion: The Politico, The New Republic, Firedoglake, Washington Monthly, Washington Post and Discourse.net

Reuters:
Americans back mixed solution for debt crisis: Reuters/Ipsos poll

Discussion: Washington Post, NationalJournal.com, The Mahablog, Daily Kos, TPMDC, No More Mister Nice Blog and Taegan Goddard's …

CBO's Latest 10 Documents:
ANALYSIS OF THE IMPACT ON THE DEFICIT OF THE BUDGET CONTROL ACT OF 2011 AS PROPOSED IN THE HOUSE

Discussion: Daily Kos and Booman Tribune

The Note:
Michele Bachmann Opposes Boehner Debt Plan: ‘The Premise Is Wrong’

Discussion: TPMDC, Pajamas Media, Political Punch and HotAirPundit

Jake Sherman / The Politico:
Cantor to GOP: Quit whining and vote

Wall Street Journal:
Big GOP Bloc in House Opposes Boehner's Plan

Discussion: Washington Post, Roll Call, Outside the Beltway, Pajamas Media, Crooks and Liars and Political Punch

Fred Thompson / National Review:

An Open Letter to the GOP — As someone who understands the pressures and difficulties you have been going through, I want to say, “Congratulations.” You won, and so did the country. — Absent some major miscalculations, within the next few days there will be official acknowledgement of what has already happened.

Discussion: Outside the Beltway and Shakesville

Josh Marshall / Talking Points Memo:

Not Leveling with Viewers — It's been said many times. But it's never enough: the conventions of journalistic ‘objectivity’, as currently defined, frequently make journalists violate their biggest duty, which is honesty with readers. The top headline running now on CNN reads …

Discussion: Foreign Policy

Stephen F. Hayes / Weekly Standard: White House's Carney on President's Debt Ceiling Plan: ‘You Need it Written Down?’

Bryan Preston / Pajamas Media:
Unbelievable: Obama White House Stubbornly Refusing to Release Any Written Debt Plan (Update: Video Added)

Discussion: Sense of Events and Big Journalism

Allahpundit / Hot Air:
WH press corps hammers Carney: How come Obama hasn't produced his own debt-ceiling plan?

Discussion: Townhall.com and The Other McCain

Guy Benson / Townhall.com:
Guy Benson White House: Asking for Obama's Specific Debt Plan is a “Republican Talking Point”

Discussion: Pirate's Cove

Paul Krugman:

The Cult That Is Destroying America — Watching our system deal with the debt ceiling crisis — a wholly self-inflicted crisis, which may nonetheless have disastrous consequences — it's increasingly obvious that what we're looking at is the destructive influence of a cult that has really poisoned our political system.

Discussion: Balloon Juice, Hullabaloo and Pajamas Media

Pew Research Center for the People and the Press:

Public Wants a Debt Ceiling Compromise, Expects a Deal Before Deadline — GOP Widely Viewed as ‘More Extreme in Its Positions’ — OVERVIEW — The public overwhelmingly favors a compromise in the debt ceiling standoff. And even as negotiations aimed at resolving the issue show little progress …

Discussion: Taegan Goddard's …, ThinkProgress, Washington Post, CNN, Booman Tribune, Politics, Balloon Juice and The Moderate Voice

Washington Post:

House Republicans delay vote on Boehner debt plan — Responding to Obama's appeal in a speech Monday night for Americans to contact their members of Congress to urge them to adopt his “balanced approach” to deficit reduction, callers flooded Capitol telephone circuits Tuesday morning …

Discussion: Taegan Goddard's …, Outside the Beltway and ThinkProgress

Charles Babington / Associated Press:
House GOP to rework budget plan after new estimate

Discussion: Alan Colmes' Liberaland, The Caucus and Daily Kos

Ben Smith / Ben Smith's Blog:

SwiftVets revenge — The Navy Times (no link) reported last week that Navy Secretary Ray Mabus stripped the Silver Star from a Vietnam swift boat veteran, Capt. Wade Sanders: — “Had the subsequently determined facts and evidence surrounding both the incident for which the award …

Discussion: Weasel Zippers and Pajamas Media

Thomas Lifson / americanthinker.com:

Kerry spokesman stripped of Silver Star — John F. Kerry almost became president running on the basis of his alleged heroism in Vietnam. Thanks to the efforts of a group of truth-tellers, the Swiftboat Veterans for Truth, the serious holes in the fantasy narrative propounded …

Discussion: The Other McCain

Christina Rexrode / Associated Press:

McDonald's: Apple slices in every Happy Meal — McDonald's to put apples in every Happy Meal as part of broader health push — Companies: — Related Quotes — SymbolPriceChange — MCD — 88.02 — NEW YORK (AP) — An apple a day may keep the doctor away.

Discussion: Hot Air and The Lonely Conservative

David Jackson / USA Today:
Michelle Obama praises McDonald's

Discussion: Michelle Malkin and The Raw Story

Emily York / Los Angeles Times:
McDonald's to make Happy Meals more healthful

Discussion: ThinkProgress

Rusty Shackleford, Ph.D. / The Jawa Report:

On Islamophobia and Right Wing Extremism — Since I am constantly accused of being an ‘Islamaphobe’ let me, once again and for the record, explain my position on Islam, Islamophobia, and right-wing extremism. I'll start at the latter and work my way to the former. — 1) Right-wing extremism is real.

Discussion: Atlas Shrugs, AmSpecBlog, THE ASTUTE BLOGGERS and Jihad Watch

Tanya Somanader / ThinkProgress:
Pat Buchanan: Norwegian Right-Wing Terrorist ‘Breivik May Be Right’

Discussion: WorldNetDaily, Sky Dancing, The Other McCain, Mediaite, Pharyngula, Alan Colmes' Liberaland and Newshoggers.com

Evan McMorris-Santoro / TPMDC:

‘We Get The Sacrifice, They Get The Wealth’: A Fired-Up Pelosi Tears Into GOP Deficit Plan — Speaking to a crowd of union workers on Capitol Hill today, House Minority Leader Nancy Pelosi unloaded on Republican plans to lower the deficit through deep cuts to government services in exchange for raising the debt ceiling.

Discussion: Indecision Forever, nation.foxnews.com and Sister Toldjah

JTA:

Envoy contrasts terror in Israel, Norway — JERUSALEM (JTA) — Norway's ambassador to Israel drew distinctions between the Oslo and Utoya massacres and Palestinian terrorism. — Svein Sevje said in an Israeli newspaper interview Tuesday that while the Norwergian bomb and gun rampages …

Discussion: The Gateway Pundit, Weasel Zippers, Atlas Shrugs, Israel Matzav and Le·gal In·sur·rec· tion

Chris Good / The Atlantic Online:

Picture of the Day: Congress Gets a Fail Whale — On a day when a partisan stalemate over the debt limit has overloaded the Captiol switchboards, preventing constituents from reaching the offices of their elected officials, this bipartisan fail-whale cartoon is appropriately making the rounds.

Discussion: The Moderate Voice

David Dayen / news.firedoglake.com:

British Economy, After Austerity, at Zero Growth in the Past Nine Months — What's amazing about this debt limit debate, and the headlong rush to austerity, is that we have empirical evidence of what can result, in this kind of economy, when you massively roll back spending.

Discussion: Hullabaloo and Eschaton