Posts tagged with: budget

In a new article on Public Discourse, Samuel Gregg explores social contract theory and how that may apply to the current budget battles:

In very broad terms, social contract theory is a way of understanding the relationship between governments and the people. It holds that, having agreed upon the need for a government, individuals create a state on the basis of mutual promises. This permits the state to claim that its authority is based on a delegation of people’s rights to pursue their particular interests in their own way.

Read more on Gregg: Social Contracts, Human Flourishing, and the Economy…

The budget proposed by House Republicans has lead to a heated debate; one key facet being whether funding should be cut for programs that benefit the poor and vulnerable. Critics claim the House Republicans’ proposed budget violates Catholic social teaching (click here to read the critics’ open letter to Speaker Boehner). Rev. Robert A. Sirico’s first response to Boehner’s critics appeared in NRO. In this week’s commentary Rev. Sirico expands upon his first response and articulates how Catholics can disagree on how to assist the poor and vulnerable. The article originally appeared in Crisis Magazine.

Read more on Rev. Sirico: Not Whether to Help the Poor, But How…

The blame game in Washington is heating up on skyrocketing gas prices. Republicans are criticized as being in the back pocket of the oil industry and partaking in crony capitalism. The Democrat Congressional Campaign Committee is even cashing in by hosting a fundraiser that is based on what has been the House Republicans “decade long relationship of protecting Big Oil taxpayer giveaways, speculations and price gouging…” However blame is also placed on Democrats, with accusations of placing barriers to prohibit domestic drilling. The debate has also centered around how we can be better environmental stewards. We may find ourselves asking questions such as whether green energy promotes environmental stewardship, and if oil drilling results in a dramatic harm to the environment?

Read more on Playing the Washington Blame Game…

Jordan J. Ballor
posted by on Friday, April 29, 2011

The curious alignment of Good Friday and Earth Day last week sparked much reflection about the relationship between the natural world and religious faith, but the previous forty days also manifested a noteworthy confluence of worldly and otherworldly concerns. The season of Lent occasioned a host of religious voices to speak out not simply about spiritual hunger, but about material needs too, as political debates in the nation’s capital and around the country focused on what to do about federal spending.

Read more on Debt and the Demands of Progress…

Shane Claiborne and Jim Wallis are  posing the question, “What Would Jesus Cut?” in an effort to skew the federal budget debates toward the usual big government solutions favored by the religious left.

Read more on What Would Jesus Cut…from the Constitution?…

Louie Glinzak
posted by on Thursday, April 7, 2011

With the ongoing budget battle and the possibility of a government shutdown looming, the Acton Institute has released its “Principles for Budget Reform.” The Acton Institute developed four key principles to reforming the federal budget that will be important to not only providing a sound fiscal budget but a budget that also has a strong moral basis.

Read more on Principles for Budget Reform…

In today’s Acton Commentary, “Debt and the Birth Dearth,” I examine the interrelationship between demographics, economics, and morality, especially within the context of America’s current public debt crisis.

I conclude by pointing to the spiritual nature of our “debts”:

Read more on Acton Commentary: Debt and the Birth Dearth…

Jordan Ballor, research fellow at the Acton Institute, will be a panelist at the American Enterprise Institute’s event “I Hope I Die Before I Get Old” on Wednesday, April 20. The event runs from 6-8 pm at the Wohlstetter Conference Center in Washington (1150 Seventeenth Street, N.W., Washington, D.C. 20036). The panel will be discussing and fielding questions on America’s long-term budget crisis and “The Call for Intergenerational Justice.”

Read more on Event: ‘I Hope I Die Before I Get Old’ at American Enterprise Institute…

Louie Glinzak
posted by on Wednesday, March 23, 2011

With the ongoing budget debate there is much discussion about what to cut and what not to cut, whether taxes should be raised, and if we should avoid even considering cutting certain programs. At the center of the discussion is the state of entitlement programs.

One program everyone in Washington seems to be leery of is Social Security. Whether it is because of ideologically supporting the program or afraid of ruining a political career, Social Security, again, may remain untouched. Political culture has taught elected officials to avoid the topic of reforming Social Security. In the past, those who have attempted to address issues related to it have been demonized. And when re-election time came around, many private interest groups made sure to fund ads to negatively attack anyone’s past attempts of reforming Social Security. However, with our current debt crisis and economic problems, now is not the time to ignore Social Security. Leadership is needed to tackle the hard problems.

Social Security has run aground. The Congressional Budget Office (CBO) reported that program will officially run out of money by 2037 if the program is not reformed.  Furthermore, the CBO also projects that this year Social Security will collect $45 billion less in payroll taxes than it pays out.

Just as alarming as the lack of leadership is the number of Americans who benefit from it who will be dramatically affected if Social Security does fail. According to the Social Security Administration (SSA) over 54 million Americans will receive $730 billion in benefits in 2011, these numbers also includes those who are disabled our receiving survivor benefits. For the month of February, the SSA paid over $58 billion to its beneficiaries. The numbers get even more daunting when they are coupled with the number of Americans who rely on Social Security as their sole source of income.

The SSA states, “Among elderly Social Security beneficiaries, 22 percent of married couples and about 43 percent of unmarried persons rely on Social Security for 90 percent or more than their income.” The Institute of Women’s Policy Research also provides alarming numbers. According to their data, in 2009, 29 percent of women and 20 percent of men relied on Social Security for all of their income. It is important to keep in mind that Social Security provides many elderly members with the necessary money to avoid poverty. As a result, instead of letting Social Security continue to run its unsustainable course, it is imperative to fix to program so vulnerable members in our society can continue to be aided by it. Read more on Social Security Still Needs Fixing…

A commentary by Acton Research Director Samuel Gregg titled “Deficit Denial, American Style” which was published in Acton News & Commentary on March 9th appeared today in the Detroit News as “It’s time to curb welfare growth” and was also picked up by RealClearPolitics. Gregg provides an enlightening examination on the growth of the welfare system, and with our current budget problems, the need to also reform it:

Read more on Samuel Gregg in Detroit News and RCP: It’s time to curb welfare growth…

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