Acton Institute Powerblog Archives

Post Tagged 'budget deficit'

Samuel Gregg: Taxing Warren Buffett

In “Stop Coddling the Super-Rich” investor Warren Buffett, one of the world’s wealthiest men, makes a case for upping the tax rate on the “mega-rich” in America. In a response published on National Review Online, Acton Research Director Samuel Gregg observes that “this is a broken record that Mr. Continue Reading...

Evaluating Our Values: A Christian Response to the Debt Crisis

Over at ThinkChristian, I take the opportunity to sketch “what a comprehensive Christian response to the crisis of public and private debt might look like.” I focus “on five main areas: the individual, familial, ecclesial, economic, and political.” This is a brief and preliminary set of questions and observations. Continue Reading...

Achieving Real Budget Reform

John Boehner recently stated, in the debt-ceiling talks, that “We’re going to continue and renew our efforts for a smaller, less costly and more accountable government,” which most Americans agree with in principle.  Continue Reading...

Class Warfare Not the American Solution to Budget Deficit

Two weeks ago, President Obama ventured courageously into the debt crisis debate with soak-the-rich proposals aimed at the usual suspects—“oil companies,” “hedge fund managers,” “millionaires and billionaires,”—and a new enemy, “corporate jet owners.” That phrase may have tested well with focus groups, but economists and pundits weren’t duped. Continue Reading...

Call for Universal Preschool Misguided

Michigan’s State Board of Education is now calling for expanded funding to pay for universal preschool for 3- and 4-year olds. One could hope that this news story slipped through a worm hole from a parallel universe in which Michigan has a budget surplus, where businesses are flocking to the state to take advantage of a business-friendly tax structure, and where government-funded preschool strongly correlates with future educational performance. Continue Reading...

Forgive us our deficits

This week’s Acton commentary: As 2010 unfolds, many countries are confronting a public deficit crisis of disturbing proportions. Since 2008, countless politicians have underscored that a cavalier attitude to debt on the part of Main St. Continue Reading...

Rev. Sirico on Faith-Based Budgeting

Over at World Magazine, Lee Wishing cites a speech by Rev. Robert A. Sirico, president and co-founder of the Acton Institute, on the subject of putting our faith in God and our own abilities instead of the government to manage economies.  Continue Reading...