Acton Institute Powerblog Archives

Post Tagged 'debt crisis'

The Debt-ridden American Dream

Fresh out of college and full of ideals, young Americans are finding that, in this economy, the American Dream comes at a steep cost. Just ask Michelle Holshue: At 30 years old, Holshue exemplifies a key tenet of the American dream: exceeding one’s parents’ education and income. Continue Reading...

Samuel Gregg: Financial Fiddling while the Euro Burns

On National Review Online, Acton Research Director Samuel Gregg examines the push for a “transaction tax” to solve some of the fiscal problems in the European Union. The move would, Gregg explains, “levy a tax on any transaction on financial instruments (securities, loans, deposits, derivatives, and various asset classes) between banks, hedge funds, insurance businesses, investment companies, and other financial organizations whenever one contracting party is located in the EU.” That may not sound like much, but would apply to literally millions of financial transactions daily. Continue Reading...

Samuel Gregg: Obama SOTU full of ‘hot air, populism, contradictory promises’

Over at National Review Online, Acton Research Director Samuel Gregg recaps President Obama’s State of the Union address: There is always something surreal about a Chicago politician talking about “fairness” and “playing by the rules.” There is something even more bizarre about a president talking about the need to expand energy production after his administration has generally undermined significant progress in facilitating energy development for three years in the middle of a recession. Continue Reading...

Open Mic Night

Just a reminder that tonight, March 10, the Acton Institute is hosting an Open Mic Night where a discussion of opposing views on America’s Debt Crisis and A Call for Intergenerational Justice: A Christian Proposal on the American Debt Crisis will occur. Continue Reading...

Deficits, Debt, and Self-Deception

This week’s Acton Commentary: Deficits, Debt, and Self-Deception By Samuel Gregg It passed almost unnoticed, but in late July the Obama Administration raised the Federal Government’s budget deficit forecast for fiscal year 2011 to $1.4 trillion. Continue Reading...

Debt and Politics

Though the Greek Debt crisis may seem far away, here is a sobering article by Kevin Hassett at Bloomberg. Greece’s Bailout Heroes arrive in Leaking Boats Those countries coordinating the $1Trillion bailout of Greece find themselves in similar trouble. Continue Reading...