Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

9/27/2013 (2 years ago)

Catholic Online (www.catholic.org)

Treasury will officially run out of ideas to keep paying bills this October 17

President Barack Obama has officially raised the debt limit seven times since he took office. Congress has added $43,000 in debt for every American household the last four years. It gets better. The debt limit deadline is looming again, and the U.S. Treasury will officially "run out of gas" to keep paying the bills this looming October 17, according to Secretary Jack Lew.

And what was accomplished the last time Congress raised the debt ceiling? Did they accomplish any meaningful spending cuts before increasing the debt limit? Nope --

And what was accomplished the last time Congress raised the debt ceiling? Did they accomplish any meaningful spending cuts before increasing the debt limit? Nope --

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

9/27/2013 (2 years ago)

Published in Politics & Policy

Keywords: Debt Ceiling, President Obama, no savings, Romina Boccia


LOS ANGELES, CA (Catholic Online) - House Republicans are reportedly proposing to suspend the debt ceiling for more than a year in lieu of pursuing significant spending cuts and entitlement reforms. This will just add another $1.1 trillion to the debt.

Factor in that $43,000 per household that was added in the last four years and add yet another $8,800 per household.

And what was accomplished the last time Congress raised the debt ceiling? Did they accomplish any meaningful spending cuts before increasing the debt limit? Nope --

"Congress and the President last suspended the debt ceiling from February 4, 2013, through May 18, 2013, adding $300 billion to the national debt in less than four months. Their only request was that the Senate produce a budget for the first time in four years, which it did. No savings were accomplished," Romina Boccia, the Grover M. Hermann Fellow in Federal Budgetary Affairs writes.

In other words - no savings. Not right.

"Congress should implement spending cuts and entitlement reforms before-or as part of-an increase in the debt ceiling. Lawmakers still have time to put forth a plan that puts the budget on a path to balance and avoids a debt crisis today and in the future. The clock is ticking," Boccia warns.

---


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

Obama proposes shocking $1.3 billion for illegal minors entering US Watch

Image of Children illegally cross the border from Mexico into the US (Breitbart Texas Release).

By Kenya Sinclair (CALIFORNIA NETWORK)

With US President Barack Obama's plans to provide $17,613 for every illegal minor child entering America, the first six months of 2016 has seen a jump of 78 percent in unaccompanied minors crossing the Mexican-American border. LOS ANGELES, CA (Catholic Online) - ... continue reading


Romanian hacker, 'Guccifer' drops two NEW bombshells over Clinton email server Watch

Image of Guccifer has dropped two new revelations about Clinton's email server.

By David Drudge (CALIFORNIA NETWORK)

Fox News has interviewed the Romanian hacker, Guccifer, who claims it was easy to hack Hillary Clinton's email server and that others did so as well. Guccifer is being held in an American jail on unrelated hacking charges, but he agreed to speak exclusively to Fox ... continue reading


Too little too late: $75.5 million anti-Trump ads not enough Watch

Image of Who can stop Trump? Apparently, no one (Twitter).

By Kenya Sinclair (CALIFORNIA NETWORK)

Donald Trump has several critics, most of whom have invested in a $75.5 million anti-Trump campaign, but the American people have spoken and Donald Trump remains the last standing Republican nominee. LOS ANGELES, CA (Catholic Online) - Donald Trump has been criticized ... continue reading


Hoosier Daddy: Trump wins Indiana in a Landslide Watch

Image of With Cruz out of the race, the nomination is in the bag for Trump (starcasm).

By Kenya Sinclair (CALIFORNIA NETWORK)

Donald Trump beat out Ted Cruz in Indiana's primary, leading Cruz to make a startling announcement and Kasich to drop out. LOS ANGELES, CA (Catholic Online) - "I've said I would continue on as long as there was a viable path to victory; tonight I'm sorry to say it ... continue reading


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


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

Daily Readings

Reading 1, Acts 1:1-11
1 In my earlier work, Theophilus, I dealt with everything Jesus had done ... Read More

Psalm, Psalms 47:2-3, 6-7, 8-9
2 For Yahweh, the Most High, is glorious, the great king over all the ... Read More

Gospel, Luke 24:46-53
46 and he said to them, 'So it is written that the Christ would suffer ... Read More

Reading 2, Ephesians 1:17-23
17 May the God of our Lord Jesus Christ, the Father of glory, give you a ... Read More

Saint of the Day

Saint of the Day for May 5th, 2016 Image

St. Hilary of Arles
May 5: Bishop of Arles, France, and friend and relative ... Read More