Posts tagged with: deficit spending

In this week’s Acton Commentary, “A Passion for Government Leads to Neglect of Our Neighbor,” I examine how the disconnect between desires and deeds with reference to helping the needy among us perpetuates unbalanced budgets and spending on debt to the detriment of future generations. I highlight how St. John the Baptist came to “turn the hearts of fathers to their children” (Luke 1:17) by exhorting people to look to their neighbors and the small but practical ways they can serve them in love:

During his ministry, John’s message to everyday people, according to Luke, was remarkably simple: “He who has two tunics, let him give to him who has none; and he who has food, let him do likewise.” To the tax collector, he warns not to take more than is due, and to the soldier his counsel is “be content with your wages” (cf. Luke 3:10-14). This was “the way of the Lord”?

I conclude by recommending the same for us today. The problem is not that people do not care, it is that we have forgotten with whom responsibility for the work of caring for the needy among us lies first of all. Read more on How Bearing Each Other’s Burdens Can Lighten Our Burden of Debt…

A recent Rasmussen poll reflects what many are feeling in this country, a deep disconnect with Washington and its leaders. According to the polling firm,

The number of voters who feel the government has the consent of the governed – a foundational principle, contained in the Declaration of Independence – is down from 23% in early May and has fallen to its lowest level measured yet.

Seventeen percent of likely U.S. voters think the government has the consent of the governed and Congress has a record low approval rating with only 6 percent ranking their performance as “excellent” or “good.”

Read more on The Debt Crisis and Washington Disconnect…

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.

Read more on Evaluating Our Values: A Christian Response to the Debt Crisis…

Ray Nothstine
posted by on Tuesday, June 21, 2011

We’ve all heard of presidents, governors, and other civil leaders calling citizens to prayer in times of great need. In April, Texas governor Rick Perry called on his citizens to pray for rain because of an extreme drought.

Read more on Praying for More Tax Revenue?…

One of the main points of the “What Would Jesus Cut?” campaign is the pitting of defense spending against charitable social programs. The assumption is that Jesus would obviously endorse and campaign for the welfare state over the military. A common perception of the U.S. armed forces by many of the religious left is that they are the perfect embodiment of America as “corrupt empire.”

Read more on Does Shane Claiborne Care about Military Humanitarian Aid?…

Samuel Gregg
posted by on Saturday, January 23, 2010

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. and Wall St. contributed significantly to the recent financial crisis. It’s therefore ironic to observe these contemporary preachers of thrift plunging developed economies into an abyss of public liabilities.

Read more on Forgive us our deficits…

Ray Nothstine
posted by on Tuesday, February 17, 2009

In response to the question, “What are the moral lessons of the American Recovery and Reinvestment Act (ARRA)?”

One of the gravest moral issues related to the American Recovery and Reinvestment Act is the matter of dangerous deficit spending. Anybody plugged into our nation’s financial crisis is likely aware of the unsustainable spending path of not just the federal government, but individual states as well. Because many states have balanced budget amendments, they are not entitled to run deficits, so the federal government proposes bailouts, which comes at an even greater cost to taxpayers from fiscally responsible states. One can easily see how policies like these only encourages irresponsible government spending policies.

Read more on PBR: Dangerous Deficit Spending…

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