Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

12/12/2012 (1 year ago)

Catholic Online (www.catholic.org)

Obama preditcs Republicans will blink first.

President Obama is predicting that Republicans will give in to his demand that they hike taxes on the wealthy within the next 20 days. The prediction comes as Obama plays hardball with Republican leadership, refusing to discuss spending cuts until an agreement is reached to raise taxes.

Obama believe Republicans will swerve first in his game of fiscal chicken.

Obama believe Republicans will swerve first in his game of fiscal chicken.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

12/12/2012 (1 year ago)

Published in Politics & Policy

Keywords: Economy, Obama, republicans, debt deal


LOS ANGELES, (Catholic Online) - Obama told reporters yesterday, "I'm pretty confident that Republicans would not hold middle class taxes hostage to trying to protect tax cuts for high-income individuals."

Obama wants to raise taxes on families earning $250,000 or more.

Early last week, it appeared as though a deal was imminent and many Republicans resigned themselves to some tax increases. However, as Republicans started to budge, Obama doubled-down on his rhetoric and refused to discuss spending cuts until tax increases were settled.

Republicans bucked the added pressure saying they wanted to discuss spending cuts before tax increases, leading both sides to the current impasse. 

Surveys show that Obama is holding the trump cards in the debate, since the public opinion polls show that Republicans will receive the lion's share of the blame if the country goes over the "fiscal cliff" on January 1. The fiscal cliff is the analogy that refers to a series of automatic tax hikes and spending cuts that will occur if a new agreement isn't reached before the new year.

The issue at hand, of course, is as moral as it is political. Is it moral for taxpayers, regardless of personal wealth, to accept a tax increase when the government continues to spend irresponsibly at an astounding rate?

The government already faces the debt ceiling, which it expects to hit sometime early next year. That ceiling will have to be raised yet again, which will increase the national debt and the burden on future generations.

Both sides agree they do not want middle-class tax rates to increase, so there is some common ground which can form the basis of an agreement. However, with Republicans sticking to the moral high-ground and Democrats obsessed with tax hikes, it appears that either side is prepared to entertain a practical discussion on the matter and resolve the issue.

In the middle are the American people who face a recession throughout 2013, should the nation actually reach the fiscal cliff deadline without an agreement.

Still, the negotiations continue, even if they are largely unproductive at the end of the day. Hopefully with the looming deadline and added pressure from the public, which becomes more discontent every day, a renewed sense of seriousness can be reintroduced to the discussion - especially for Obama.

Playing chicken with the national economy is always bad policy, even if the polls suggest you might get away with it.

---


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


2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for August 2014
Refugees:
That refugees, forced by violence to abandon their homes, may find a generous welcome and the protection of their rights.
Oceania: That Christians in Oceania may joyfully announce the faith to all the people of that region.



Comments


More Politics & Policy

Of nearly 38,000 immigrant children in the U.S. - only 280 deported Watch

Image of Federal officials expect another huge surge of children from Honduras, El Salvador and Guatemala to begin shortly after the temperatures go down.

By Catholic Online (NEWS CONSORTIUM)

In a surprising bit of news, the Obama administration has quietly released a huge majority of the illegal immigrant children who poured over the U.S. Mexico border earlier this year. Furthermore, they're making their homes in very well-to-do American ... continue reading


Classic Cloward-Piven: Here's the simple reason why Obama is breaking the immigration system in the USA Watch

Image of Obama's Cloward-Piven strategy is showing.

By Catholic Online (NEWS CONSORTIUM)

You can't fix something unless you break it first. This appears to be what Obama has done to the U.S. immigration system. Political analysts now expect that Obama will use the current immigration crisis to overhaul the system into something he likes. But more ... continue reading


Stopping at nothing, Davos Man, Warren Buffett, donates staggering $1.2 billion to promote abortion Watch

Image of Obama awarding Buffett the Presidential Medal of Freedom.

By Marshall Connolly, Catholic Online (NEWS CONSORTIUM)

Warren Buffett has given $1.2 billion to fund abortion advocacy and "research." This startling conclusion comes from the New York Times, which is reporting that he donates hundreds of millions of dollars at a time to a foundation named after his late wife, Susan ... continue reading


Get ready America: Obama set to bypass Senate on international treaty Watch

Image of President Obama and his administration are getting ready to present a climate change treaty to the U.N. and are willing to ignore a Constitutionally required Senate approval to do so.

By Catholic Online (NEWS CONSORTIUM)

President Barack Obama is working to create a sweeping international climate change agreement to compel nations to cut fossil fuel emissions; however, he is seeking to do this without ratification from Congress. LOS ANGELES, CA (Catholic Online) - This agreement is ... continue reading


That was one costly Web site! In fact the most expensive in Internet history. The Cost of Healthcare.gov estimated $1.7 Billion Watch

Image of The 60 contracts related to the development and operation of the Federal Marketplace started between January 2009 and January 2014. The contracts ranged from health benefit data collection and consumer research, to cloud computing and Web site development.

By Catholic Online (NEWS CONSORTIUM)

That's one might expensive Web site! It's estimated that the Healthcare. Gove Web site, intended to facilitate health care reform, or "Obamacare," has cost U.S. Taxpayers about $1.7 BILLION dollars. That's not even the half of it, as the U.S. government is ... continue reading


Obama administration announces new HHS mandate rules Watch

Image of Sylvia Burwell, HHS secretary, said that the new rules will ensure access to free contraception,

By CNA/EWTN News

The Department of Health and Human Services issued on Friday new rules regarding its contraception mandate, after the Supreme Court ruled against its application to certain companies this summer. (CNA/EWTN News) - The rules create a new way for non-profit groups to ... continue reading


BEEN THERE: Attorney General Eric Holder shares personal experiences while in Ferguson Watch

Image of Attorney General Eric Holder shakes hands with Bri Ehsan, right, following his meeting with students at St. Louis Community College Florissant Valley.

By Catholic Online (NEWS CONSORTIUM)

In Ferguson, Missouri to investigate the officer-involved shooting of teenager Michael Brown, Attorney General Eric Holder shared personal stories of his own encounters with racial discrimination. "I am the Attorney General of the United States, but I am also a ... continue reading


One percent? Try the MORE THAN A THIRD in U.S. who rely on Welfare Watch

Image of Back in the

By Catholic Online (NEWS CONSORTIUM)

Back in the "Occupy Wall Street" days, protestors rallied around the concept of the United States' "One Percent," which referred to the people with power in the U.S. government. On the other side of the coin, more than ONE THIRD of all U.S. households are now ... continue reading


SMILE FOR THE CAMERA! Texas Governor Rick Perry cheerfully turns himself in Watch

Image of Under duress, Texas Governor Rick Perry maintained an upbeat and positive attitude. Arriving at the Travis County courthouse in Austin for booking and fingerprinting, Perry gave a warm smile for his mug shot.

By Catholic Online (NEWS CONSORTIUM)

Under duress, Texas Governor Rick Perry maintained an upbeat and positive attitude. Arriving at the Travis County courthouse in Austin for booking and fingerprinting, Perry gave a warm smile for his mug shot. He's charged with felony corruption charges ... continue reading


HIDDEN FROM VIEW: President Obama renders decision largely in private, despite claims of transparency Watch

Image of Facing charges of executive overreach, to allegations that he is presiding over opaque policy-making, U.S. President Obama has been making decisions typically behind closed doors

By Catholic Online (NEWS CONSORTIUM)

Facing charges of executive overreach, to allegations that he is presiding over opaque policy-making, U.S. President Obama has been making decisions typically behind closed doors. Unilateral action on such issues as immigration, gay rights and tax policy has ... 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, First Corinthians 2:1-5
1 Now when I came to you, brothers, I did not come ... Read More

Psalm, Psalms 119:97, 98, 99, 100, 101, 102
97 How I love your Law! I ponder it all day ... Read More

Gospel, Luke 4:16-30
16 He came to Nazara, where he had been brought up, ... Read More

Saint of the Day

Saint of the Day for September 1st, 2014 Image

St. Giles, Abbot
September 1: St. Giles, Abbot (Patron of Physically Disabled) Feast day - ... 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