Acton Institute Powerblog

Promoting free societies characterized by liberty & religious principles

The Fiscal Cliff and the Fifth Commandment

America’s recent fiscal crisis has been delayed, not averted. Even if action is taken within the next few months to cut spending and/or raise taxes, the day of reckoning will only be slightly delayed since no one is willing to touch the three programs that constitute almost half the federal budget: Social Security, Medicare, and Medicaid. Continue Reading...

The Fiscal Cliff Deal and Intergenerational Justice

So … what happened? With regular coverage of the US “Fiscal Cliff” running up to the new year, PowerBlog readers may be wondering where the discussion has gone. While I am by no means the most qualified to comment on the matter, I thought a basic summary and critique would be in order: With six minutes to read this 157 page bill, the US House of Representatives passed it. Continue Reading...

The FAQs: The Fiscal Cliff Proposals

Now that we know what the fiscal cliff is all about, what are the plans for dealing with it? Below are the four approaches that have been proposed: The Democrats’ Plan Treasury Secretary Timothy Geithner offered the White House’s fiscal cliff proposal to Republicans in the last week of November. Continue Reading...

The FAQs: What is the Fiscal Cliff?

What is the “fiscal cliff”? The term “fiscal cliff”, which is believed to have originated in Congressional testimony by Federal Reserve Chairman Ben Bernanke, refers to the substantial changes to tax and spending policies that are scheduled to automatically take effect in January 2013. Continue Reading...

Spartan Austerity and the Fiscal Cliff

The latest step in the budget dance between House Republicans and the White House has to do with where tax increases (or revenue increases in general, depending on what is called what) fit with a deal to avoid the so-called “fiscal cliff.” Continue Reading...

Commentary: Living in the Shadow of the Fiscal Cliff

Jordan Ballor looks at the bipartisan lack of discipline in Washington on debt and spending, and the effect on future generations. “Christians, whose citizenship is ultimately not of this world and whose identity and perspective must likewise be eternal and transcendent, should not let our viewpoints be determined by the tyranny of the short-term,” he writes. Continue Reading...

Is the Fiscal ‘Cliff’ Just a Bump in the Road?

Over at Think Christian I take a look at the looming fiscal “cliff,” which we are being told from every conceivable quarter represents a significant danger to America’s fragile economic recovery: But apart from the numbers themselves, the framing of the issue by politicians and pundits ought to give us pause. Continue Reading...

The ‘Ghost of Fiscal Future’

Matt Mitchell at Neighborhood Effects offers an interesting perspective regarding the fiscal cliff. As we hurriedly approach the edge, Mitchell’s insights ought not to be ignored, whatever the outcome of today’s last minute meeting at the White House. Continue Reading...

The FAQs: The World’s Deadliest Environmental Problem

What is the world’s deadliest environmental problem? Household air pollution. According to the World Health Organization’s latest report air pollution is now the world’s largest single environmental health risk, and the main cause is entirely preventable: Around 3 billion people still cook and heat their homes using solid fuels (i.e. Continue Reading...