Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/26/2012 (2 years ago)

Catholic Online (www.catholic.org)

Increases necessary to avert looming fiscal crisis

Congressional Republicans have reluctantly said they will be temporarily breaking their pledges against tax increases in order to deal with the nation's looming fiscal crisis. Lawmakers have been forced to reconsider their positions due to a deal that can only be reached after changes from the tax code.

Sen. Lindsey Graham said the only pledge that should be made when the country is trillions in debt is to 'avoid becoming Greece.'

Sen. Lindsey Graham said the only pledge that should be made when the country is trillions in debt is to "avoid becoming Greece."

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/26/2012 (2 years ago)

Published in Politics & Policy

Keywords: Republicans, fiscal crisis, Sen. Peter King, Sen. Lindsey Graham


LOS ANGELES, CA (Catholic Online) - Signed by 238 House members and 41 senators in this Congress, the lengthy pledge from the Americans for Tax Reform group has become inescapable for any Republican seeking statewide or national office over recent election cycles, particularly in the Republican-controlled lower chamber.

New York Rep. Peter King and Sen. Lindsey Graham said this past weekend they would break the pledge and accept tax changes to generate more revenue to curb the trillion-dollar federal deficit, agreeing with an earlier statement made by Georgia Republican Sen. Saxby Chambliss last week.

"I agree entirely with Saxby Chambliss," King said on NBC's "Meet the Press." "A pledge you signed 20 years ago, 18 years ago, is for that Congress. .  The world has changed, and the economic situation is different."

King said he was opposed to tax increases but that "everything should be on the table" when President Obama, House Speaker John Boehner and Senate Majority Leader Harry Reid try to reach an agreement.

"I'm not going to prejudge it, and I'm just saying we should not be taking ironclad positions," King added. "I have faith that John Boehner can put together a good package."

A $500 billion mix of federal cuts and unrelated tax increases would kick in January 2 if Congress and the White House fail to reach an agreement. If lawmakers fail to reach a more measured approach to cutting the deficit, the country could go over the so-called "fiscal cliff."

The across-the-board cuts to the federal budget would equal more than $1 trillion over the next 10 years.

Graham has suggested earlier that he would be open to changes in taxes. "I will violate the pledge, long story short, for the good of the country, only if Democrats will do entitlement reform," Graham said on ABC's "This Week."

He also said the only pledge that should be made when the country is trillions in debt is to "avoid becoming Greece."

"Republicans should put revenue on the table," he continued. "We don't generate enough revenue."

Indiana Democratic Sen. Dick Durbin also on the same program said that his party needs to "bring entitlement reform into the conversation."

He included Medicare and Medicaid but argued Social Security should be kept off the table because it is a separately-funded operation that doesn't add to the deficit.

---


Pope Francis: end world hunger through 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for December 2014
Christmas, hope for humanity:
That the birth of the Redeemer may bring peace and hope to all people of good will.
Parents: That parents may be true evangelizers, passing on to their children the precious gift of faith.



Comments


More Politics & Policy

Obama's right, he has issued fewer executive orders than his predecessors, BUT... Watch

Image of Obama signs a bill while on vacation.

By Catholic Online (NEWS CONSORTIUM)

What's in a name? President Obama has ruled more from his desk, without the consent of Congress, more than any other president, but liberals are right to point out that these are not "executive actions" and don't count against his tally compared to other presidents. ... continue reading


Federal judge warned: Don't interfere with Obama's plan for deportation amnesty Watch

Image of U.S. President Barack Obama speaks about immigration reforms during a visit to Casa Azafran in Nashville,

By Catholic Online (NEWS CONSORTIUM)

In unusually strong language, the Obama administration warned a federal judge to stay out of the debate over President Obama's deportation amnesty. "Federal courts sit to decide cases and controversies, not to resolve disagreements about policy or politics," ... continue reading


Rick Santorum Seems Poised to Launch a 2016 Presidential Campaign Watch

Image of Rick Santorum

By Keith A. Fournier

I don't think I've met a 'suit' yet. It's very much heart of America, average Americans who have found a place where they see someone who will stand up and fight for them. If the Republican Party has a future - and I sometimes question if it does - it's in middle ... continue reading


You should be outraged! While Obama distracted you with a government shutdown, look what Senate Democrats snuck into this bill! Watch

Image of The White House has just received unprecedented surveillance powers thanks to an amendment to the Intelligence Authorization Act for the 2015 fiscal year.

By Matt Waterson (NEWS CONSORTIUM)

Overshadowed by the potential government shutdown and funding vote in the House, another bill was passed this week by Congress, one with much more sinister, and flagrantly un-American, goals. LOS ANGELES, CA (Catholic Online) - Congress passed a bill that gives a ... continue reading


What are they covering up? White House attempts to delay CIA torture probe Watch

Image of Secretary of State John Kerry on Friday reportedly called Sen. Dianne Feinstein, D-Calif., chairwoman of the Senate Select Committee on Intelligence, to tell her that the report's release should be delayed.

By Troy Dredge, Catholic Online

A Senate report, years in the making, which accuses the Central Intelligence Agency, or CIA of using banned torture techniques while evading oversight may never be released, According to Bloomberg, there have been ongoing efforts by the White House efforts to ... continue reading


Landmark pregnancy discrimination case heard by Supreme Court Watch

Image of Depending on the high court's ruling, companies may be required to afford mothers-to-be the same

By Catholic Online (NEWS CONSORTIUM)

A landmark case involving the rights of expectant mothers in the workplace was heard by the Supreme Court this week. Depending on the high court's ruling, companies may be required to afford mothers-to-be the same "reasonable accommodation" as they would ... continue reading


17 states REBEL against Obama, join lawsuit over immigration scandal Watch

Image of 17 states have banded together to sue Obama over his illegal action to refuse to enforce immigration reform, hoping the courts will block his attempts at providing amnesty to 5 million illegal immigrants.

By Matt Waterson (NEWS CONSORTIUM)

Seventeen states have allied together in order to sue President Obama's administration, citing the president's disregard for constitutional limits to presidential power, and refused to fulfill his obligation to enforce U.S. laws when he attempted to dismiss ... continue reading


A distinct euphemism: Health care reform was 'political miscalculation,' Schumer says Watch

Image of When the Democratic Party focused in exclusion to all else, on health care, he added,

By Catholic Online (NEWS CONSORTIUM)

One apt euphemism - which is essentially a nice term very a not-at-all-nice term, is the phrase, "Economical with the truth," i.e. lying. Senator Charles Schumer of New York, in summarizing the massive loss by democrats in elections earlier this month, said ... continue reading


The man behind the mess of Obamacare wants you to encourage abortion! Watch

Image of John Gruber, the man behind Obamacare, is an ardent supporter of abortion.

By Catholic Online (NEWS CONSORTIUM)

The architect of the Affordable Care Act (ACA), John Gruber, has made a fool of President Obama and the Democrats in his administration once again. LOS ANGELES, CA (Catholic Online) - Gruber has been recorded numerous times admitting that the ACA was written and ... continue reading


Should Obama be able to use the IRS as a weapon to target conservative opponents? Watch

Image of President Obama has used the IRS as a weapon to target Tea Party and conservative opponents.

By Catholic Online (NEWS CONSORTIUM)

It should come as a surprise to no one that fraud and power abuse is rampant in President Obama's White House, and the new scandal fall on the heals of the old IRS tax scandals of the last few years. LOS ANGELES, CA (Catholic Online) - The Treasury Inspector ... 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, Genesis 49:2, 8-10
2 Gather round, sons of Jacob, and listen; listen to ... Read More

Psalm, Psalms 72:3-4, 7-8, 17
3 Mountains and hills, bring peace to the people! ... Read More

Gospel, Matthew 1:1-17
1 Roll of the genealogy of Jesus Christ, son of ... Read More

Saint of the Day

Saint of the Day for December 17th, 2014 Image

St. Olympias
December 17: Olympias born into a wealthy noble Constantinople family. She ... 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