Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

12/6/2012 (2 years ago)

Catholic Online (www.catholic.org)

Fiscal cliff crisis looms larger.

Republicans and Democrats are moving farther away from a deal as both sides entrench. Republicans are preparing to draw a hard line on taxes as Democrats becoming increasingly reticent to discuss spending cuts.

Obama's hardball tactics may prove disastrous as Boehner tries to bring the President back to the table.

Obama's hardball tactics may prove disastrous as Boehner tries to bring the President back to the table.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

12/6/2012 (2 years ago)

Published in Politics & Policy

Keywords: Obama, Boehner, fiscal cliff, debt, crisis, recession


WASHINGTON, DC (Catholic Online) - "We need a response from the White House" Said John Boehner as he urged President Obama to talk about spending cuts. Despite the fact the Republicans appeared almost resigned to some tax increases a week ago, the conciliatory move appears to have emboldened Democrats rather than bring them closer to a deal.

The national debt now exceeds $16 trillion and continues to grow, unchecked. Obama has insisted on raising taxes on the highest earners, a move that Republicans fear will stifle economic growth and recovery, while refusing to discuss spending cuts.

However, a revenue-only approach to the problem will not close the massive spending gap.

Now Republicans are giving the Democrats a taste of their own medicine saying they will not support any tax increases, not even on the wealthy. The move is designed to bring the Democrats back to the table to discuss the out-of-control spending that's ongoing in Washington.

Many Republicans remain willing to exchange tax increases on wealthy Americans in exchange for cuts in entitlement programs such as Medicare.

A failure to reach an agreement in the coming weeks will plunge the nation over the proverbial "fiscal cliff," a series of automatic tax increases and spending cuts that will be painful for both sides. It is widely agreed that going over the cliff will spark a recession that could last for most of 2013.

However, analysts think Obama has little to lose by going over the cliff, which emboldens him to play chicken with Republicans.

Public opinion polls already say two-thirds of the public will blame Republicans, rather than Obama, should the fiscal cliff be reached without a deal.

Given these numbers, Obama is in such a strong position he can get away, and may even get ahead, by letting any negotiations fail. By refusing to discuss spending cuts, he is already setting the stage for such a failure.

A change in public opinion may be necessary  before Republicans can regain some chance at reigning in Obama.

---


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


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for May 2015
Universal:
That, rejecting the culture of indifference, we may care for our neighbours who suffer, especially the sick and the poor.
Evangelization: That Mary's intercession may help Christians in secularized cultures be ready to proclaim Jesus.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Politics & Policy

All for naught? FBI admits that Patriot Act didn't lead to cracking major terrorist cases Watch

Image of Opponents, with the inspector general conclude that no major cases have been broken by use of the Patriot Act's records-snooping provisions.

By Catholic Online (NEWS CONSORTIUM)

It granted the Federal Bureau of Investigation bold new powers - but now the FBI admits that the Patriot Act didn't help them crack any major terrorism cases. The Justice Department's Inspector general Michael E. Horowitz now says there are issues that keep key ... continue reading


Karl Rove's American Crossroads no longer as powerful as it once was Watch

Image of American Crossroads began by Karl Rove and other powerful Republicans were at one time a most powerful force in American politics.

By Catholic Online (NEWS CONSORTIUM)

American Crossroads, created by Karl Rove and other powerful Republicans, was at one time a most powerful force in American politics. There is evidence, however, that this is changing. The American political landscape is changing, and the group is seeing the ... continue reading


Disappointing Congress: Both the right and the left ladle out heavy disapproval for Congress Watch

Image of Republicans at 36 percent are about as likely as Democrats at 38 percent or independents at 38 percent to say Congress is accomplishing less than they expected.

By Catholic Online (NEWS CONSORTIUM)

Even republicans have very little good to say about the republican-led Congress. Just 23 percent of Americans say congressional Republicans are keeping the promises they made during last fall's campaign. The vast majority, at 65 percent say they are not. LOS ... continue reading


ENROLLMENT ZERO: No one signs up for Obamacare in Hawaii - NO ONE Watch

Image of Suppose they gave universal health care - and no one came?

By Catholic Online (NEWS CONSORTIUM)

Suppose they gave universal health care - and no one came? That appears to be the case in Hawaii, where Hawaii's Obamacare Exchange enrolled a grand total of ZERO - simply no one, people during its special enrollment period. While Hawaii's enrollment was a ... continue reading


ANOTHER LIE: Hillary Clinton's email scandal grows Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Hillary Clinton is caught in another lie regarding her private email account usage. According to the New York Times, Clinton used more than one private account while serving as secretary of state. LOS ANGELES, CA (Catholic Online) - The news of another private email ... continue reading


President Obama seeks to end immigration enforcement on part of local police Watch

Image of President Obama hoped to rebut the notion that he is insensitive to the plight of police officers on the front lines.

By Catholic Online (NEWS CONSORTIUM)

President Barack Obama, while in Camden, New Jersey, said that in order for local police to rebuild trust within their communities, immigration enforcement must be taken away from state and local police and remain strictly the domain of federal law enforcement. ... continue reading


The Clintons have earned WHOPPING $25 million to deliver speeches since last year Watch

Image of Hillary Clinton has made $3.2 million from the tech sector. One of her last speaking gigs on the paid lecture circuit; she addressed an eBay summit aimed at promoting women in the workplace. Her 20-minute chat garnered a $315,000 check.

By Catholic Online (NEWS CONSORTIUM)

Former first family, the Clintons, at one time claimed they were broke. If so, this was before last year, when both Bill and Hillary delivered 104 speeches for a total of $25 million. Hillary Clinton is especially popular with high-tech firms, who eagerly shell ... continue reading


President Obama cracks down on military equipment for U.S. law enforcement Watch

Image of Making his announcement in Camden, New Jersey, the president praised efforts by the police department to improve their relationship with a poor community struggling with violence.

By Catholic Online (NEWS CONSORTIUM)

U.S. President Barack Obama gave law enforcement a dressing down this week - literally. Obama has placed new restrictions on the amount of combat-style equipment local law enforcement can use. The gesture is intended to smooth over relations with racial ... continue reading


'Iraq is the biggest disaster in American history,' former Secretary of State Madeleine Albright declares Watch

Image of Former Secretary of State Madeleine Albright believes

By Catholic Online (NEWS CONSORTIUM)

Former Secretary of State Madeleine Albright spoke plainly when discussing the ongoing Middle East crisis. "Iraq is the biggest disaster in American history," Albright declared late last week. LOS ANGELES, CA (Catholic Online) - "I have believed that Iraq is the ... continue reading


Somebody's 'Mook?' Hillary Clinton's campaign manager interned for George Stephanopoulos Watch

Image of Yo, Mook!

By Catholic Online (NEWS CONSORTIUM)

George Stephanopoulos is in hot after currently donating to the Clinton Foundation. Adding to the web of deceit, it was discovered that Stephanopoulos thanked Hillary Clinton's campaign manager, Robby Mook in the acknowledgement section of his 1999 tell-all ... 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, Acts 28:16-20, 30-31
16 On our arrival in Rome Paul was allowed to stay in ... Read More

Psalm, Psalms 11:4, 5, 7
4 Yahweh in his holy temple! Yahweh, his throne is in ... Read More

Gospel, John 21:20-25
20 Peter turned and saw the disciple whom Jesus loved ... Read More

Saint of the Day

Saint of the Day for May 23rd, 2015 Image

St. John Baptist Rossi
May 23: This holy priest was born in 1698 at the village of Voltaggio in ... 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