Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

5/20/2012 (1 year ago)

Catholic Online (www.catholic.org)

Republican presidential candidate warns that U.S. faces fiscal crisis

Republican presidential candidate Mitt Romney talked tough about President Barack Obama's economic policies, that Romney says will plunge the United States into a new fiscal crisis. Romney denounced Obama's "stimulus money" as a "bridge to nowhere."

Republican presidential candidate Mitt Romney argued against President Obama's economic policies as a 'bridge to nowhere' against the backdrop of an unfinished bridge in a recent speech.

Republican presidential candidate Mitt Romney argued against President Obama's economic policies as a "bridge to nowhere" against the backdrop of an unfinished bridge in a recent speech.

Article Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

5/20/2012 (1 year ago)

Published in Politics & Policy

Keywords: Mit Romney, economy. stimulus package, fiscal crisis


LOS ANGELES, CA (Catholic Online) - Using the backdrop of a 1860s-era bridge in New Hampshire to illustrate what he called the wasteful government spending of President Barack Obama's $787 billion stimulus plan passed in 2009, Romney called the plan an absolute "'bridge to nowhere' if there ever was one," Romney told his crowd of supporters. "That's your stimulus dollars at work - a bridge that goes nowhere.

"It is, without question, the largest one-time careless expenditure of government money in American history," he said of the stimulus.

The bridge, rebuilt with more than $150,000 of stimulus funds, crosses a river but ends abruptly on one side with an 8-foot drop to a grassy field near a Ford dealership.

Romney says he would cut spending and put America on the path to a balanced budget if he defeats Obama in the November 6 election. He pointed to the stimulus as an example of the president's failed leadership.

In his bid for presidency, Romney sought to refocus national attention on the economy, perceived as Obama's main weakness.
The former Massachusetts governor warned that the U.S. economy faced a huge fiscal hole and high taxes like California's if he is not elected.

Romney had some choice words for the Golden State. "There are only two ways to go: Like America in the past," Romney said. "Or like California, where they raise taxes higher and higher and higher. They scare away employers ... and they have huge deficits," he said in a telephone town-hall meeting with voters from four swing states.

Romney typically holds up Europe's economic troubles, in lieu of California's $15.7 billion budget gap, as an example of a doom-laden scenario for the American economy.

Romney's poll numbers are rising despite his coming under fire from the Obama campaign this week for cutting blue-collar jobs when he headed the Bain Capital private equity firm.

Romney also released his first paid general election television ad last week that laid out his agenda for the first day if he is elected.

The video said he would approve the proposed Keystone pipeline from Canada, which Obama put on hold earlier this year, propose "tax cuts and reform that reward job creators" and issue an order to scrap the healthcare law.

---


Pope Francis calls for your 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for March 2014
Respect for Women:
That all cultures may respect the rights and dignity of women.
Vocations: That many young people may accept the Lordís invitation to consecrate their lives to proclaiming the Gospel.



Comments


More Politics & Policy

Ron Paul says he will not pay IRS fine against his non-profit org Watch

Image of Ron Paul suggested his group will fight the IRS if they attempt to enforce a fine against Campaign for Liberty.

By Catholic Online (NEWS CONSORTIUM)

Ron Paul's Campaign for Liberty, a nonprofit political group, has been targeted by the IRS. The IRS has demanded to see the group's donor list, a demand the group has refused to meet which has led to a fine. The organization now says it will not pay the fine. LOS ... continue reading


Report says Christianity should be taught Watch

Image of Religions place in public education is a hotly debated issue for Americas.

By Catholic Online (NEWS CONSORTIUM)

It is commonly, though wrongly, accepted knowledge that public school teachers are not allowed to teach the Bible, biblical values, or Christian history in public schools. It is a debate that dominates every part of life, from a single household to the federal ... continue reading


Obama has proposed 442 tax hikes since taking office and you won't believe what he could tax next! Watch

Image of Obama has proposed hundreds of tax increases and more could come within the last two years.

By Catholic Online (NEWS CONSORTIUM)

President Obama has attempted 442 tax increases during his six years as president so far, and more are likely to come as the administration looks for ways to pay for their proposals. According to Americans for Tax Reform, the numbers suggest why it's important to have ... continue reading


Hey Eric Holder, where are the special prosecutors? Watch

Image of Hey Holder, why won't you answer simple questions?

By Catholic Online (NEWS CONSORTIUM)

At several federal judges said last week that in their professional opinion, Attorney General Eric Holder has exceeded his authority by giving federal prosecutors "improper instruction" to reduce drug sentences prior to official approval of new guidelines. LOS ANGELES, ... continue reading


Corruption runs deep - Ranking member of Committee asked to explain 'surreptitious communication' with IRS Watch

Image of Elijah Cummings (D-MD) has suspicious contact with the IRS. He has also resisted efforts to compel Lois Lerner to testify.

By Catholic Online (NEWS CONSORTIUM)

The House Oversight and Reform Committee is asking its ranking member, Elijah Cummings (D-MD) why he had surreptitious communication with the IRS over a group that received unlawful IRS scrutiny. The committee says the public deserves a "full and truthful explanation" ... continue reading


Attorney General Eric Holder lashes out Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

Attorney General Eric Holder has been under some intense, unflattering scrutiny as of late, stemming from the "Fast and the Furious" debacle. Holder went "off script" during a speech given at the National Action Network. While lauding the organization's effort ... continue reading


House Republicans contemplating jail for Lois Lerner Watch

Image of Lois Lerner could go to jail if she refuses to cooperate with investigators.

By Catholic Online (NEWS CONSORTIUM)

Republicans are contemplating the arrest of Lois Lerner for contempt in the event the Attorney General, Eric Holder refuses to act on their findings. LOS ANGELES, CA (Catholic Online) - On Wednesday, the House Ways and Means Committee voted to investigate whether or ... continue reading


Attorney General Eric Holder gets 'ghetto' during hearing Watch

Image of Attorney General became angry and slipped into colloquial speech during a hearing with Representatives.

By Catholic Online (NEWS CONSORTIUM)

Attorney General Eric Holder might not be in contempt of a Congressional hearing, but he certainly behaved contemptuously in our opinion, when he was questioned as to why his department could provide documents to terrorists and their attorneys but not congress. After ... continue reading


Your government at work: Feds ATTACK lone cattle rancher with army --to protect a tortoise Watch

Image of Cliven Bundy is under siege on his cattle ranch by a small army of federal agents, over a tortoise and unpaid grazing fees.

By Catholic Online (NEWS CONSORTIUM)

A shocking paramilitary action in unfolding in the high Nevada desert pitting the Feds against a lone rancher and his cattle herd. It's the stuff of fiction, but it is happening right now and the U.S. government doesn't want anyone to know what they are doing. LAS ... continue reading


SEARCH AND READ - ACLU opens database of leaked NSA documents Watch

Image of Americans have widely condemned NSA spying, but little has changed.

By Catholic Online (NEWS CONSORTIUM)

The ACLU has launched its own database of documents leaked by Edward Snowden as well as other disclosures regarding at activities of the NSA. The ACLU says the documents will serve as a primary source for understanding the government's interpretation of its authority ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Isaiah 61:1-3, 6, 8-9
1 The spirit of Lord Yahweh is on me for Yahweh has ... Read More

Psalm, Psalms 89:21-22, 25, 27
21 My hand will always be with him, my arm will make ... Read More

Gospel, Luke 4:16-21
16 He came to Nazara, where he had been brought up, ... Read More

Reading 2, Revelation 1:5-8
5 and from Jesus Christ, the faithful witness, the ... Read More

Saint of the Day

Saint of the Day for April 17th, 2014 Image

St. Anicetus
April 17: Anicetus was a Syrian from Emesa. He became pope about 155 and ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter