This morning, Acton Institute President Rev. Robert A. Sirico took some time away from his preparations for Acton University to speak with Jim Engster, host of The Jim Engster Show on WRKF radio in Baton Rouge, Louisiana, discussing how to address the issue of poverty in society, and the approach taken by Pope Francis and the church in general to that and other issues. They also discussed the problems with the ObamaCare model of health-care reform, among other issues. You can listen to the interview using the audio player below.
The rich get richer and the rest of us…well, we struggle along. Shouldn’t those with more money be spreading it out a bit more? My coffers clink with spare change; I sure could use some of that money. It only seems fair, right?
Peter Morici, at Breitbart News, tackles the truth of income inequality. Those of us in the “rest of us” category are getting crushed by monopolies, unjust taxation, and political corruption. That, Morici says, is the truth of income inequality. It’s so bad that Vermont Senator Bernie Sanders (I) compared our situation to that of Russia, and a lot of folks nodded their heads in agreement.
Vermont Senator Bernie Sanders (I) recently asked Federal Reserve Chairwoman Janet Yellen “are we still a capitalist democracy or have we gone over into an oligarchic form of society in which incredible economic and political power now rests with the billionaire class?”
Russia’s oligarchy has two salient characteristics. The government uses its power to regulate markets to concentrate wealth in the hands of an influential few, while most of its citizens stay poor by western standards.
Kishore Jayabalan, Director of Istituto Acton in Rome, was tapped by BBC World News last week for his analysis of the meeting between Pope Francis and President Obama at the Vatican. We’ve got the video, and you can watch it below.
In today’s New York Post, Acton’s Michael Matheson Miller discusses Pope Francis’ views on poverty, in light of the pope’s upcoming meeting with President Obama. Miller reminds the reader that the pope is not an economist or a politician. Trying to view him through that type of lens is a mistake, says Miller.
Pope Francis is not an economist or technocrat laying out policy; nor does he see the government as the primary solution to all of our problems. He is a pastor exhorting us to take seriously the “joy of the Gospel” and to integrate it into every aspect of our lives, including economics.
I think it is fair to say that some of the pope’s words on economics lacked precision, yet his comments about the corrosive effects of consumerism and the exclusion of the poor are incisive.
Miller acknowledges that the pope remains skeptical about free markets, which is problematic, given how much free markets have to offer the poor.
In La Cava, an impoverished neighborhood on the outskirts of Buenos Aires, I spoke with a pastor and a local city councilman. They explained that within La Cava there is no private property, and no rule of law. The police don’t even go inside, but only drive around the perimeter. (more…)
Acton Institute Director of Research Samuel Gregg joins hosts John Hall and Kathy Emmons on It’s The Ride Home on Pittsburgh’s 101.5 FM WORD to discuss President Obama’s scheduled visit this week in Rome with Pope Francis. Gregg notes the differences in worldview between Francis and Obama, and contrasts the likely relationship between the current pope and president with the more well-known relationship between an earlier pope and president, John Paul II and Reagan. You can listen to the interview using the audio player below.
I won’t bother reviewing all the details of the Hobby Lobby case before the Supreme Court regarding the HHS mandate (you can do more reading here, here and here.) I’d like to talk about why this issue is of particular interest for women, and why the voices of all women need to be heard.
The organization Women Speak For Themselves has been vocal in the fight against the HHS mandate. They want to make it known that the call for universal access to birth control and abortion via employee health insurance is not supported by all women, and that women from every walk of life deserve to be heard.
We are Democrats, Republicans and Independents. Many, at some point in our careers, have worked for a Catholic institution. We are proud to have been part of the religious mission of that school, or hospital, or social service organization. We are proud to have been associated not only with the work Catholic institutions perform in the community – particularly for the most vulnerable — but also with the shared sense of purpose found among colleagues who chose their job because, in a religious institution, a job is always also a vocation. (more…)
What is the President’s budget?
Technically, it’s only a budget request—a proposal telling Congress how much money the President believes should be spent on the various Cabinet-level federal functions, like agriculture, defense, education, etc.
Why does the President submit a budget to Congress?
The Congressional Budget Act of 1974 requires that the President of the United States submit to Congress, on or before the first Monday in February of each year, a detailed budget request for the coming federal fiscal year, which begins on October 1.
If it’s due the first Monday in February, why are we just now hearing about it?
President Obama turned in his budget late—again. This will be Obama’s fifth late budget submission in five years, making him the first President to present three consecutive late budgets. According to the House Budget Committee, “All presidents from Harding to Reagan’s first term met the statutory budget submission deadline in every year.” Reagan and Clinton both missed their deadlines once in eight years.
What is the function of the President’s budget request?
There are, according to Christian teaching, 7 deadly sins: wrath, greed, sloth, pride, lust, envy, and gluttony. Unchecked, these dark places in the human heart will lead to the ultimate death of Hell (yes, some of us still believe in that.)
There is much discussion today about “income inequality.” President Obama has declared it the most important issue of our time. He says it is not about equal incomes, but equal opportunity, referencing the rise of Abraham Lincoln from poverty to presidency. CNN is now declaring such inequality “the great destroyer” and notes that it includes not just opportunity, but wealth and income as well.
I am left wondering: has “income inequality” become code for “envy?”
John Zmirak, in a piece from Crisis, asks us to test our envy, and I think it’s a good idea. First, let’s be clear as to what envy truly is. St. Thomas Aquinas breaks it down into four parts, and it is the fourth that really drives home the point: (more…)
In a lengthy interview in the Daily Caller, Acton Research Director Samuel Gregg picks up many of the themes in his terrific new book, Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future. Here’s an excerpt:
Daily Caller: In what ways do you think the U.S. has become like Europe?
Samuel Gregg: If you think about the criteria I just identified, it’s obvious that parts of America — states like California, Illinois, and New York — have more-or-less become European. Likewise, the fact that most federal government expenditures are overwhelmingly on welfare programs replicates the situation prevailing throughout Western Europe. Then there is the unwillingness on the part of many Americans to accept that we cannot go on this way. It is one thing to have problems. But it’s quite another to refuse to acknowledge them.
Daily Caller: What’s so bad about becoming like Europe? It’s not that bad of a place. It’s not like becoming like North Korea, right?
Samuel Gregg: I lived and studied in Europe for several years. So I can report that there is much to like! But even leaving aside many European nations’ apparent willingness to settle for long-term economic stagnation, I would argue that it’s becoming harder and harder to be a free person in Europe. By that, I don’t mean a re-emergence of the type of socialist regimes that controlled half of Europe for 50 years. Rather I have in mind two things. (more…)
During his recent State of the Union address, President Obama argued for increasing the federal minimum wage:
Even with the tax relief we put in place, a family with two kids that earns the minimum wage still lives below the poverty line. That’s wrong. That’s why, since the last time this Congress raised the minimum wage, 19 states have chosen to bump theirs even higher.
Tonight, let’s declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9.00 an hour. We should be able to get that done. This single step would raise the incomes of millions of working families. It could mean the difference between groceries or the food bank; rent or eviction; scraping by or finally getting ahead. For businesses across the country, it would mean customers with more money in their pockets.