Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

11/30/2012 (3 years ago)

Catholic Online (www.catholic.org)

Earlier tenuous deal may be scrapped as economy held hostage.

Democrats have sensed weakness in the GOP and now they're poised to strike. As Republicans demonstrate their willingness to give in on taxes to avoid another fiscal crisis, Obama and the Democrats have asked for further concessions.

Democrats don't seem to mind peering down the fiscal cliff as much as Republicans do.

Democrats don't seem to mind peering down the fiscal cliff as much as Republicans do.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

11/30/2012 (3 years ago)

Published in Politics & Policy

Keywords: Economy, Obama, republicans, debt deal


WASHINGTON, DC (Catholic Online) - Republicans allege that Obama and the Democrats are holding the economy, and Americans, hostage as they change the terms of their already tenuous deal with Republicans. While Republicans have signaled their willingness to raise taxes on the wealthy, a major concession, the Democrats now want more.

Democrats have now asked for a permanent raising of the debt ceiling limit, new stimulus, new spending, and putting off discussion about entitlement reform.

Just yesterday, it appeared probable that President Obama and GOP leader John Boehner (R-OH) were ready to make a deal. Tantalizing details were leaked to the media that, for the most part, appeared sensible. Then, Democrats sensing the Republicans were willing to negotiate, struck again, upping the ante.

And why not? Democrats have much less to lose than Republicans. Recent polls show that if the fiscal cliff is reached, triggering automatic tax increases for all Americans, that most Americans would lay the blame on Republicans.

This leaves Boehner and other Republicans in a difficult situation. Should the GOP concede to Democrats the majority of their demands, which would represent a genuine failure of leadership, or should they allow the country to careen off the fiscal cliff, which would be seen as a failure of leadership?

And while Republicans try to please Obama, the president is out on the campaign trail, asking people to "pay a little more."

The recent setback suggests that Democrats aren't serious about spending cuts and changing the way Washington does business, while at the same time the Republicans have been jolted back into reality.

Most Americans, and even most Republicans rightly expected Obama and the Democrats to negotiate a solution in good faith, however that appears to be a naďve assessment as yesterday's tenuous deal begins to unravel under the weight of new Democratic demands.

---


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


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for May 2016
Universal:
Respect for Women: That in every country of the world, women may be honored and respected and that their essential contribution to society may be highly esteemed.
Evangelization: Holy Rosary: That families, communities, and groups may pray the Holy Rosary for evangelization and peace.



Comments


More Politics & Policy

ICE gets more money, deports fewer illegals. Where's the money going? Watch

Image of Illegal immigrants cross the border with little risk of repercussion.

By David Drudge (CALIFORNIA NETWORK)

Where is the money going? Congress continues to allocate money to get people who don't belong in our country back home, but deportations are dropping according to new numbers. So, where is the money going? LOS ANGELES, CA (California Network) - Breitbart News has ... continue reading


New report finds religious freedom on the decline Watch

Image of Coptic Christians are among the most persecuted group in the world, and nobody is attempting to help them.

By Marshall Connolly (CALIFORNIA NETWORK)

Religious freedom worldwide is "under serious and sustained assault." This finding is the work of the United States Commission on International Religious Freedom (USCRIF). LOS ANGELES, CA (California Network) - A new report which examines religious oppression around ... continue reading


'He deserves what he gets:' Latino youths violently protest Donald Trump in Orange County Watch

Image of Trump protestors broke out in a violent riot during his Orange County rally (Reuters).

By Kenya Sinclair (CALIFORNIA NETWORK)

Thousands attended Donald Trump's Orange County rally - then broke out in violent protest. LOS ANGELES, CA (Catholic Online) - The Trump rally in Costa Mesa's Orange County Amphitheater was overflowing with supporters. There were several supporters who couldn't fit ... continue reading


New White House rules leave religious groups open to government abuse Watch

Image of Religious groups question the government's new regulations (Shutterstock).

By Kevin J. Jones (CNA/EWTN News)

The Obama administration's new rule for faith-based partnerships has drawn various reactions: one observer warned they could cause problems for partnering religious groups, while another said the action also strengthens these groups' protections against government ... continue reading


EXCLUSIVE - America, King of Propaganda: U.S. government spends billions to spew LIES to the American people. And guess what you foolish Americans, Congress made it all perfectly legal without your vote Watch

Image of

By David Drudge (CALIFORNIA NETWORK)

Have we won the ground war in Afghanistan? According to the government reports and the media, we sure have. However, this is not what one whistleblower has said, warning as early as 2012 that the American people are being deceived by the government. LOS ANGELES, CA ... continue reading


Bill De Blasio's ongoing investigation scandal fails to stop him from new fundraising efforts Watch

Image of Mayor Bill de Blasio won't talk - but his staff will (Wikipedia).

By Kenya Sinclair (CALIFORNIA NETWORK)

New York Mayor Bill de Blasio's closest aides have been issued subpoenas to aid the investigation into his shady fundraising strategies. LOS ANGELES, CA (Catholic Online) - The scandal surrounding de Blasio's fundraising has made headlines since 2014, when a leaked ... continue reading


Trump delivers first foreign policy speech, and sounds like a president should! (FULL TEXT) Watch

Image of Donald Trump's first full foreign policy speech sounded relatively presidential, and while short of specifics, was still worth listening to.

By David Drudge (CALIFORNIA NETWORK)

Donald Trump delivered his first full speech on foreign policy and he sounded fairly presidential while doing so. Trump is not a politician by trade, but he may make an excellent president thanks to his extensive business acumen. Trump is on the path to the Republican ... continue reading


The olive branch and the barb: Clinton vs. Trump Watch

Image of Trump and Clinton came out on top (Shutterstock).

By Kenya Sinclair (CALIFORNIA NETWORK)

The race for the presidential nominee has been full of surprises as history-making events, claims of foul play, dirty dealings and controversial statements have cropped up in abundance. Candidates have, at times, been caught up in a tight race, but Tuesday's primary ... continue reading


Trump will be president! Real estate mogul outpacing Romney by whopping 25 percent Watch

Image of Mitt Romney was friendly with Trump when he needed a campaign donation.

By David Drudge (CALIFORNIA NETWORK)

Donald Trump is on track to win both the primary and the election, according to the numbers. He is on a better trajectory than Mitt Romney was in 2008. Meanwhile, Hillary Clinton, while winning her primary, is losing support. LOS ANGELES, CA (California Network) - ... continue reading


Desperate Cruz and Kasich agree to stop competing, will focus on Trump Watch

Image of Cruz and Kasich are teaming up to block Trump, but their chances of success are slim.

By David Drudge (CALIFORNIA NETWORK)

Ted Cruz and John Kasich have teamed up to block Donald Trump from winning the Republican nomination. The rivals have agreed to divide upcoming primary states, so they can efficiently spend resources attacking Trump instead of each other. LOS ANGELES, CA (California ... continue reading


All Politics & Policy News

Newsletters

Newsletter Sign Up icon

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

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Captain James Cook wreckage discovered!
  • St. Matthew HD Video
  • 'Our warriors are everywhere': ISIS uses CHILDREN to threaten Europe
  • Your Daily Inspirational Meme: I fear no evil!
  • St. Florian: Saint of the Day for Wednesday, May 04, 2016
  • Daily Readings for Wednesday, May 04, 2016
  • Daily Reading for Thursday, May 5th, 2016 HD Video

Daily Readings

Reading 1, Acts 17:15, 22--18:1
15 Paul's escort took him as far as Athens, and went back with ... Read More

Psalm, Psalms 148:1-2, 11-12, 13, 14
1 Alleluia! Praise Yahweh from the heavens, praise him in the ... Read More

Gospel, John 16:12-15
12 I still have many things to say to you but they would be too much for ... Read More

Saint of the Day

Saint of the Day for May 4th, 2016 Image

St. Florian
May 4: The St. Florian commemorated in the Roman ... Read More