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 July 2015
Universal:
That political responsibility may be lived at all levels as a high form of charity.
Evangelization: That, amid social inequalities, Latin American Christians may bear witness to love for the poor and contribute to a more fraternal society.



Comments


More Politics & Policy

Mitch McConnell says he will wipe out Obamacare with simple 51-vote majority Watch

Image of In the waning days of President Barack Obama's presidency, Senate Majority Leader Mitch McConnell (R-Ky.) is vowing to overthrow his signature legislation.

By Catholic Online (NEWS CONSORTIUM)

In the waning days of President Barack Obama's presidency, Senate Majority Leader Mitch McConnell (R-Ky.) is vowing to overthrow his signature legislation. Health care reform, better known as "Obamacare" has been a cause of disagreement with conservatives and ... continue reading


Moves made to oust John Boehner from Speaker of the House position Watch

Image of Rep. Mark Meadows [not pictured] declared his intention a day before the House was set to leave town for its five-week summer recess. Described as a rare procedural move, it's by far the most serious expression of opposition to Boehner's [pictured] speakership.

By Catholic Online (NEWS CONSORTIUM)

Many of his fellow conservatives and Republicans were taken by surprise when North Carolina Rep. Mark Meadows said he was trying to oust Speaker John Boehner. Many say it's a bad idea, coming just before August recess. Others say such a move could plunge the House of ... continue reading


Ivana Trump hotly denies that ex-husband Donald Trump ever raped her Watch

Image of Ivana Trump, the former wife of GOP presidential candidate Donald Trump has denied claims that he ever raped her.

By Catholic Online (NEWS CONSORTIUM)

Ivana Trump, the former wife of GOP presidential candidate Donald Trump has denied claims that he ever raped her. "I have recently read some comments attributed to me from nearly 30 years ago at a time of very high tension during my divorce from Donald. The story is ... continue reading


HILLARY LIED! Inspector General says personal emails contained classified information Watch

Image of Only allowed to review a sample of 40 out of the total of 30,000 emails from Hillary Clinton's private email server, four of those emails contained classified information.

By Catholic Online (NEWS CONSORTIUM)

Hillary Clinton's personal email account "contained classified information when they were generated," "remain classified today" and "should never have been transmitted via an unclassified personal system." Those are the findings of the U.S. Intelligence ... continue reading


GLOVES ARE OFF: Donald Trump denounces Bush, Walker and Clinton as being beholden to donors Watch

Image of Speaking east of Des Moines, Donald Trump was most concise in his attack upon Walker. Criticizing the Wisconsin governor's handling of his state's economy, Trump accused him of

By Catholic Online (NEWS CONSORTIUM)

At a "free-wheeling" press conference, GOP Presidential candidate Donald Trump says he is putting no cap into the money he is going to pour into his campaign. A self-made billionaire in real estate, Trump denounced Republican candidates Jeb Bush and Scott ... continue reading


Nuns vs. Obama: Obama Administration refuses to exempt Little Sisters of the Poor from regulation forcing them to distribute birth control Watch

Image of

By Nikky Andres (NEWS CONSORTIUM)

The national debate over the Affordable Care Act is heating up. A Romantic Catholic group of nuns, who manage a nursing home around the world called the Little Sisters of the Poor, continue their fight against the law's debatable contraceptive mandate. MUNTINLUPA, ... continue reading


Millions upon Millions of United Kingdom aid money funneled to the Clintons Watch

Image of The Clinton Health Access Initiative spends its funds on improving the treatment of HIV/AIDS, malaria and tuberculosis in the developing world, such as in Africa and Southeast Asia.

By Catholic Online (NEWS CONSORTIUM)

Influential people, falling sway to a former United States president - and his wife, with eyes on the White House, it was learned that tens of millions of pounds of United Kingdom aid money has been siphoned through charities linked to Hillary Clinton. LOS ... continue reading


Displeased with 'attack' editorial, Donald Trump bars Iowa newspaper from campaign event Watch

Image of It was yet another gutsy move from the billionaire real estate tycoon, which may alienate some - as well as win new friends.

By Catholic Online (NEWS CONSORTIUM)

It was yet another gutsy move from the billionaire real estate tycoon, which may alienate some - as well as win new friends. Displeased with an editorial published in the Des Moines Register, asking him to withdraw from the 2016 presidential race, Donald Trump ... continue reading


FLAT-OUT LIE: Ted Cruz says fellow Republican Mitch McConnell lied about Export-Import Bank Watch

Image of The denouncement was a highly unusual one, even if Ted Cruz has made no effort to disguise the fact that he has called out his fellow Republicans for wrongdoing.

By Catholic Online (NEWS CONSORTIUM)

Well-known for his reputation fieriness, Ted Cruz took to the Senate floor last week and said that Mitch McConnell told a "lie." The Texan lawmaker accused the Senate majority leader of deceiving him and the rest of the GOP conference over McConnell's plans for ... continue reading


Destroying the Competition: Will Donald Trump launch a third-party candidacy? Watch

Image of

By Abigail James (NEWS CONSORTIUM)

Donald Trump has made numerous headlines during his campaign, so far. He has received criticsm from both the Republicans and the Democrats; it can even be said that the Republican party is "shooing" Trump away, making him an outsider. Is this the smartest move for ... 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, Exodus 40:16-21, 34-38
16 Moses did this; he did exactly as Yahweh had ... Read More

Psalm, Psalms 84:3, 4, 5-6, 8, 11
3 Even the sparrow has found a home, the swallow a ... Read More

Gospel, Matthew 13:47-53
47 'Again, the kingdom of Heaven is like a dragnet ... Read More

Saint of the Day

Saint of the Day for July 30th, 2015 Image

St. Peter Chrysologus
July 30: St. Peter Chrysologus, Bishop and Doctor of the Church ... 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