Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

9/27/2013 (1 year 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 (1 year 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'


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

Donald Trump will not run as third-party candidate, signs RNC loyalty pledge Watch

Image of Donald Trump holds the signed loyalty pledge.

By Kenya Sinclair (NEWS CONSORTIUM)

Donald Trump has signed a loyalty pledge that says he will support the Republican nominee -whoever that may be- and he will not be running as a third-party candidate. LOS ANGELES, CALIFORNIA (Catholic Online) - Following the announcement of signing the loyalty pledge, ... continue reading


Kentucky Clerk jailed for refusal to marry same-sex couples Watch

Image of Kentucky Clerk Kim Davis refused to marry same-sex couples based on her religious beliefs.

By Kenya Sinclair (NEWS CONSORTIUM)

Kentucky Clerk Kim Davis has been sent to jail following her refusal to marry same-sex couples. LOS ANGELES, CALIFORNIA (Catholic Online) - As reported by NBC, Davis was found in contempt of court Thursday morning because she claimed marriage licenses for gay and ... continue reading


Hispanics hope Pope Francis addresses immigration with Obama Watch

Image of Hispanics hope Pope Francis will address immigration policies in his upcoming visit to America.

By Nikky Andres (NEWS CONSORTIUM)

Nearly 30 million Hispanic Catholics in the country are hoping that Pope Francis' visit this month will change the tone of the United States' debatable immigration policies and discourse. MUNTINLUPA, PHILIPPINES (Catholic Online) - The Pope will have high-profile ... continue reading


Hillary Clinton is a FELON - New email dump contains 150 CLASSIFIED emails Watch

Image of Hillary's emails reveal she is surrounded by sycophants and that the State Department techs had no idea she was using a private server, which is against the law.

By David Drudge, Catholic Online (NEWS CONSORTIUM)

The State Department released a large batch of Clinton emails on Monday, with another 7,000 pages released to the media. Classified information has been redacted. LOS ANGELES, CA (Catholic Online) - The State Department released 7,000 new Hillary Clinton emails to the ... continue reading


Are the Clintons mass murders? Death of British spy who hacked them raises old questions about the Clinton thuggery machine Watch

Image of They may be the most evil family in modern American politics.

By David Drudge, Catholic Online (NEWS CONSORTIUM)

The Clinton death toll is simply astounding. Approximately 100 people, directly associated with the Clinton family, have died under unnatural and mysterious circumstances since the early 1990s. It is considered possible that the Clinton family chooses to deal with ... continue reading


Obama's Clean Water Act blocked hours before taking effect Watch

Image of Obama's water pollution rule was blocked by a federal judge a few hours before its execution.

By Linky C. (NEWS CONSORTIUM)

A North Dakota federal judge blocked the Obama Administration's controversial water pollution rule just hours before taking effect. MUNTINLUPA CITY, PHILIPPINES (Catholic Online) - Judge Ralph Erickson of the District Court for the District of North Dakota discovered ... continue reading


Clinton compares Republicans to terrorists: Receives unsurprising backlash Watch

Image of

By Kenya Sinclair (NEWS CONSORTIUM)

Hillary Clinton compares conservative views on abortion and reproductive rights to terrorist groups. Republicans demand an apology while Republican and Democrat candidates agree Clinton's campaign is failing. LOS ANGELES, CA (Catholic online) - Hillary Clinton gave a ... continue reading


'The whole Bible is incredible': Donald trump ridiculed for not naming favorite Bible verse Watch

Image of Donald Trump claims the Bible is his favorite book.

By Kenya Sinclair (NEWS CONSORTIUM)

During an interview with Bloomberg's Mark Halerin and John Heilemann, presidential candidate, Donald Trump was asked to name his favorite Bible verse but refused to name one. LOS ANGELES, CA (Catholic Online) - Seven minutes into the interview, Halerin told Trump, "You ... continue reading


EVERY 93 SECONDS: Foreign children born on U.S. soil Watch

Image of Children of immigrants born on United States soil appear to be wearing out their welcome, according to recent polls.

By Catholic Online (NEWS CONSORTIUM)

Children of immigrants born on United States soil appear to be wearing out their welcome, according to recent polls. It is estimated that a child of illegal immigrants is born every 93 seconds in the U.S. According to a 2011 Rasmussen Poll, only 28 percent of likely ... continue reading


Univision anchor Jorge Ramos EJECTED from Donald Trump press conference Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

"Go back to Univision," GOP presidential nominee Donald Trump told Univision news anchor Jorge Ramos at an Iowa press conference. Well regarded by his peers, there was no gravitas afforded Ramos at the event, as a security guard escorted him away. The occasion ... 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, Colossians 1:15-20
15 He is the image of the unseen God, the first-born ... Read More

Psalm, Psalms 100:1, 2, 3, 4, 5
1 [Psalm For thanksgiving] Acclaim Yahweh, all the ... Read More

Gospel, Luke 5:33-39
33 They then said to him, 'John's disciples are ... Read More

Saint of the Day

Saint of the Day for September 4th, 2015 Image

St. Rosalia
September 4: St. Rosalia, daughter of Sinibald, Lord of Roses and Quisquina, ... 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