How to Hide Billions in Taxpayer Money and Get Away With It

The Treasury is keeping Fannie Mae and Freddie Mac, the taxpayer-backed loan guarantee giants, off the federal budget. How is this possible? In 2008, the government took control of Fannie and Freddie and agreed to shield the entities from bankruptcy. Now that the country has recovered from that housing crisis, and money is coming back in through these government-sponsored entities (GSEs), their true cost remains hidden. ... It’s jaw-dropping that such massive flows of taxpayer money … [Read more...]

Data shows millions of Americans falling out of the workforc

The number of native-born, working-age Americans who aren’t working has shot up by almost 9 million since 2007, and by almost 15 million since 2000, according to a new report by the Center for Immigration Studies, a group that favors reduced immigration. By late 2012, roughly 50 million native-born working-age Americans weren’t working, up from 40 million in 2000, according to the March 13 report, titled “Still No Evidence of a Labor Shortage.” Read more: Neil Munro, The Daily Caller … [Read more...]

Minimum Wage Hike Would Eliminate 500,000 Jobs

Do you agree with this Heritage perspective on the trade-off between a minimum wage hike and job reduction? The work participation rate is at a record low. Might this reduce jobs further? Read more: The Foundry, James Sherk … [Read more...]

The New and Improved AU Online

AU Online is a program of the Acton Institute designed to offer easy access to an educational environment and curriculum resources traditionally available only in lecture halls and conference centers, including courses and speakers from the highly esteemed Acton University conference. Here you will find online lecture series, recommended readings, and discussion forums in an interactive format, available any time, anywhere in the world. Click here for more information. … [Read more...]

More than a Moral Case for Free Enterprise

Brian Fikkert, a Professor of Economics and Community Development at Covenant College and the Executive Director of the Chalmers Center for Economic Development, takes a look at Arthur Brooks’ The Road to Freedom: How to Win the Fight for Free Enterprise in this week’s edition of CPJ’s Capital Commentary. I think it’s a pretty balanced review, and Fikkert rightly highlights some of the important strength’s of Brooks’ work. But he also highlights some specificallytheological concerns that have … [Read more...]

National Council of Churches ‘Balancing the Budget on the Backs of the Poor’?

Source: Acton Power Blog | John C. Couretas A “budget is a moral document,” right? The Institute on Religion & Democracy reports that following the loss of a major donor, the National Council of Churches (NCC) finds itself “closer than ever before to the precipice” of financial collapse. The progressive/liberal church coalition, comprised largely of mainline Protestant and Orthodox churches, is running out of dough. IRD’s Barton Gingerich: Evangelical Lutheran Church in America … [Read more...]

Should Christians be socialists?

Washington Post | August 15, 2011 | Jay W. Richards In “From Jesus’ socialism to capitalistic Christianity,” Gregory Paul argues that American Christians who defend the free economy are involved in a profound contradiction, since Jesus and Christianity are self-evidently socialistic. Let’s pass over his caricature of capitalism, since no one would defend the idea as he describes it, and get to the two big holes in his argument. The first is his claim that … [Read more...]

Poverty and Stewardship

Heritage Foundation | August 8, 201 | Jennifer Marshall "God is watching." A liberal Christian group sent that warning in an ad addressed to Congress and President Barack Obama during the recent debt fight. “The Bible teaches that God is watching to see how the poor fare under the decisions of the politically powerful,” the ad by Sojourners said. True enough. But that doesn’t necessarily mean God is looking for a Sojourners-approved “Circle of Protection” … [Read more...]

Protect the Poor, Not Poverty Programs

Acton Institute | August 10, 2011 | John Couretas One of the disturbing aspects of the liberal/progressive faith campaign known as the Circle of Protection is that its organizers have such little regard – indeed are blind to -- the innate freedom of the human person. Their campaign, which has published “A Statement on Why We Need to Protect Programs for the Poor,” equates the welfare of the “least of these” in American society to the amount of assistance they receive from the government -- … [Read more...]

Poverty and Stewardship

Kansas City Star | August 8, 2011 | Jeniffer A. Marshall - The Heritage Foundation "God is watching." A Christian group sent that warning in an ad addressed to Congress and President Barack Obama during the recent debt fight. "The Bible teaches that God is watching to see how the poor fare under the decisions of the politically powerful," the ad by Sojourners said. True enough. But that doesn't necessarily mean God is looking for a Sojourners-approved "Circle of Protection" around federal … [Read more...]