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.

Article 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 calls for your 'Prayer and Action'


© 2014 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for March 2014
Respect for Women:
That all cultures may respect the rights and dignity of women.
Vocations: That many young people may accept the Lordís invitation to consecrate their lives to proclaiming the Gospel.



Comments


More Politics & Policy

DECLARED INVALID: North Dakota abortion ban overturned by federal judge Watch

Image of North Dakota has passed new abortion restrictions in recent years. Abortion supporters have declared North Dakota's fetal heartbeat law as the most restrictive in the country.

By Catholic Online (NEWS CONSORTIUM)

A North Dakota law banning abortions when a fetal heartbeat can be detected, as early as six weeks into pregnancy, has been overturned by a federal judge. The law is "invalid and unconstitutional," according to U.S. District Judge Daniel Hovland, who declared ... continue reading


Evidence of corruption: Newly disclosed emails show Lois Lerner WAS in contact with the DOJ over conservative political groups Watch

Image of The truth is, only I am allowed to lie and dodge questions, not private citizens or their political groups.

By Catholic Online (NEWS CONSORTIUM)

The Lois Lerner - Eric Holder scandal has hit the fan with the court ordered release of documents which implicate both in breaking the law to persecute and potentially prosecute conservative non-profit organizations. This issue has been the subject of Congressional ... continue reading


Cliven Bundy is a scofflaw, so why are so many people supporting him? Watch

Image of We want these things respected. Our Faith, our Rights, our Liberty. That's why we stand against federal corruption and evil. This is not negotiable.

By Catholic Online (NEWS CONSORTIUM)

Despite the drama which recently unfolded on the Bundy ranch in Nevada, the federal government apparently has a history of using heavy-handed tactics to enforce their will on rural farmers. This is part of the reason why so many people are sympathetic to Bundy, despite ... continue reading


WSJ exposes secret tax Obama has imposed on EVERY HOUSEHOLD in America - and yes, you have to pay! Watch

Image of Government regulation is a stealth tax on the economy costing $1.9 trillion annually.

By Catholic Online (NEWS CONSORTIUM)

The Wall Street Journal has exposed one of the greatest problems of the Obama administration and how its behavior is hurting the economy. While most would be quick to cry corruption, the reality is far more mundane and at least as dangerous. LOS ANGELES, CA (Catholic ... continue reading


Ron Paul says he will not pay IRS fine against his non-profit org Watch

Image of Ron Paul suggested his group will fight the IRS if they attempt to enforce a fine against Campaign for Liberty.

By Catholic Online (NEWS CONSORTIUM)

Ron Paul's Campaign for Liberty, a nonprofit political group, has been targeted by the IRS. The IRS has demanded to see the group's donor list, a demand the group has refused to meet which has led to a fine. The organization now says it will not pay the fine. LOS ... continue reading


Report says Christianity should be taught Watch

Image of Religions place in public education is a hotly debated issue for Americas.

By Catholic Online (NEWS CONSORTIUM)

It is commonly, though wrongly, accepted knowledge that public school teachers are not allowed to teach the Bible, biblical values, or Christian history in public schools. It is a debate that dominates every part of life, from a single household to the federal ... continue reading


Obama has proposed 442 tax hikes since taking office and you won't believe what he could tax next! Watch

Image of Obama has proposed hundreds of tax increases and more could come within the last two years.

By Catholic Online (NEWS CONSORTIUM)

President Obama has attempted 442 tax increases during his six years as president so far, and more are likely to come as the administration looks for ways to pay for their proposals. According to Americans for Tax Reform, the numbers suggest why it's important to have ... continue reading


Hey Eric Holder, where are the special prosecutors? Watch

Image of Hey Holder, why won't you answer simple questions?

By Catholic Online (NEWS CONSORTIUM)

At several federal judges said last week that in their professional opinion, Attorney General Eric Holder has exceeded his authority by giving federal prosecutors "improper instruction" to reduce drug sentences prior to official approval of new guidelines. LOS ANGELES, ... continue reading


Corruption runs deep - Ranking member of Committee asked to explain 'surreptitious communication' with IRS Watch

Image of Elijah Cummings (D-MD) has suspicious contact with the IRS. He has also resisted efforts to compel Lois Lerner to testify.

By Catholic Online (NEWS CONSORTIUM)

The House Oversight and Reform Committee is asking its ranking member, Elijah Cummings (D-MD) why he had surreptitious communication with the IRS over a group that received unlawful IRS scrutiny. The committee says the public deserves a "full and truthful explanation" ... continue reading


Attorney General Eric Holder lashes out Watch

Image of

By Catholic Online (NEWS CONSORTIUM)

Attorney General Eric Holder has been under some intense, unflattering scrutiny as of late, stemming from the "Fast and the Furious" debacle. Holder went "off script" during a speech given at the National Action Network. While lauding the organization's effort ... 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 10:34, 37-43
34 Then Peter addressed them, 'I now really ... Read More

Psalm, Psalms 118:1-2, 16-17, 22-23
1 Alleluia! Give thanks to Yahweh for he is good, for ... Read More

Gospel, John 20:1-9
1 It was very early on the first day of the week and ... Read More

Reading 2, Colossians 3:1-4
1 Since you have been raised up to be with Christ, ... Read More

Saint of the Day

Saint of the Day for April 20th, 2014 Image

St. Marian
April 20: When St. Mamertinus was Abbot of the monastery which St. ... 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