Austerity budgets in hard economic times are bad economics - and questionable theology.
When we listen to political debates about which public policies will strengthen the economy, it is easy to get lost in a statistical maze. Each side presents economic data in a way that supports their own theory of the case.
The Congressional Research Service (CRS) is a branch of the Library of Congress that can help us make our own assessments regarding public policy. According to the CRS website, its purpose is to provide “authoritative, confidential, objective and nonpartisan” analyses to members of Congress.
The relationship between tax rates and the economy is an issue in the current campaign. Thinking about this issue, the CRS looks at empirical data that may or may not confirm theoretical models or ideological assumptions. Thus, like the early TV detective Joe Friday, they want “just the facts ma’am,” and then they try to reach conclusion from these facts.
An examination of current public debate reveals a divide between the “brown agenda” of economic opportunity and the “green agenda” of environmental sustainability.
On the one hand, a “brown agenda” concerns economic opportunity, or in other words, the alleviation of poverty. In light of ongoing distress surrounding malnutrition, infant mortality, and unemployment, the brown agenda is important, urgent, and worthy of support. On the other hand, a “green agenda” relates to environmental sustainability and care for the Earth. As scientific reports affirm the reality of climate change, and in recognition of decreased access to clean water and biodiversity around the world, the green agenda is also deeply important, urgent, and worthy of support.
With the above thoughts in mind, one recognizes that both brown and green agendas are essential for the promotion of life. However, the proponents of each agenda seem to be at odds with the adherents of the other. For example, far too many with a “brown agenda” believe that the best way to reduce poverty is to reduce environmental controls, and to the contrary, those engaged with the “green agenda” too often place the needs of the Earth before the livelihoods of the poor and marginalized. As a result of this persistent struggle between “brown” and “green," progress on both agendas is limited, and our path toward economic opportunity and environmental sustainability is severely off course.
Writing for Newsweek Magazine, Joel Kotkin wonders if the Millennial generation will be remembered as the "screwed generation:"
"Today’s youth, both here and abroad, have been screwed by their parents’ fiscal profligacy and economic mismanagement. Neil Howe, a leading generational theorist, cites the “greed, shortsightedness, and blind partisanship” of the boomers, of whom he is one, for having “brought the global economy to its knees.”
How has this generation been screwed? Let’s count the ways, starting with the economy. No generation has suffered more from the Great Recession than the young. Median net worth of people under 35, according to the U.S. Census, fell 37 percent between 2005 and 2010; those over 65 took only a 13 percent hit.
The wealth gap today between younger and older Americans now stands as the widest on record. The median net worth of households headed by someone 65 or older is $170,494, 42 percent higher than in 1984, while the median net worth for younger-age households is $3,662, down 68 percent from a quarter century ago, according to an analysis by the Pew Research Center."
Read more here
Imagine a Catholic Church that stopped catering to its tiny cadre of old male bishops and heard instead the cries of its people. Or a fundamentalist movement that stopped defending its franchise by nonsensical attacks on evolution and modernity, and instead took Scripture seriously.
Imagine a conservative Christian movement that dropped its relentless assault on women's rights and instead sought a fresh vision of family and values. Or a progressive movement that listened to people, rather than lecturing them.
Too many "providers" — in politics, business and religion — come across as having a low opinion of their constituents. People tend to be good judges of what matters to them. Voters know this recession better than their would-be leaders seem to know it. Believers seem to take their faith more seriously than those institutions that seek to enroll them as members.
We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.
Watch Wilkinson's TED talk inside the blog...
If you’re on Twitter, you may well have a few people that you follow with such enthusiasm that it occasionally feels a little like you’re stalking them. You re-tweet every article they post, nod along with every inspiring tweet they type and include them in your Follow Friday list every week.
Even if that’s not true for you, it’s certainly true for me of one person in particular — Umair Haque.
Haque is a self-titled “author, blogger, thinker, reformer.” But the more I read of his work, the more inclined I am to add the title “prophet” to that list of descriptors.
Haque is a prophet in the sense that he is preaching a message that is for a specific group of people (those who are disenfranchised but not quite cynical enough to give up yet) at a specific point in time (now, in a time of economic malaise). His words cut right to the heart of what has been going wrong in our world, and they are words that many, many people need to hear.
So it was with great relish that I purchased his new digital book, Betterness: Economics for Humans, excited to hear these words.
Older, Suburban And Struggling, ‘Near Poor’ Startle The Census. OWS Campers: What Can We Occupy Next. Social Conservatives Hold Covert Meeting To Stop Romney. In Season Of Giving Thanks, Signs That Gratitude Is Back. What Christians Want In A President. Could Gingrich’s Immigration Stance Boost His 2012 Chances? And States’ Immigration Laws Fill Leadership Void Left by President and Congress.
I always notice something when speaking to a mostly secular audience. Many people have been so hurt or rejected by the bad religion in which they were raised or have encountered elsewhere over the course of their lives, and, quite understandably, they are skeptical and wary of the faith community. But when someone looks like a faith leader (this is where the ecclesial robe helps ) and says things that are different from what they expect or are used to, their response is one of gratitude and the moment becomes an opportunity for healing.
After I spoke Sunday and joined the circle around the White House, person after person came up to me to express their thanks or simply to talk.
My favorite comment of the day came from a woman who quietly whispered in my ear, "You make me almost want to be a Christian."
Cutting foreign aid programs will do little to get us out of debt, but would be a devastating setback in the fight against global, extreme poverty.
With the opening of the G20 Summit in Cannes, France today, an idea that's been around for awhile is in the news again and gaining more attention as a result of the #OWS movement: The so-called "Robin Hood tax," a minimal tax on all financial transactions with the resulting revenue dedicated to anti-poverty programs....Archbishop of Canterbury Rowan Williams, in his response to the occupation of St. Paul's Cathedral in London, endorsed the Vatican proposals. Williams observed that "people are frustrated beyond measure at what they see as the disastrous effects of global capitalism," and urged a full debate on "a Financial Transaction Tax
Nearly 50 million Americans are currently living below the poverty line (that is $22,000 for a household of four) and half of them are working full time jobs.
In our current economic system, the "happiness" of the super-elite is secured while the lives, liberty, and access to basic needs of the rest suffer. This isn't the American Dream and it isn't God's dream either.
In case you missed it...
In an OpEd titled, "What the Costumes Reveal," New York Times columnist Joe Nocera wrote about a Halloween office party thrown by the N.Y. law firm of Steven J. Baum, an outfit that specializes in real estate foreclosures -- a "foreclosure mill," if you will -- where, apparently, employees came costumed as homeless and foreclosed-upon families.
Between 1964 and 1973, under both Democratic and Republican administrations, the U.S. poverty rate fell by nearly half (43 percent) as a strong economy and effective public policy initiatives expanded the middle class.
Similarly, between 1993 and 2000, shared economic growth combined with policy interventions such as an enhanced earned income tax credit and minimum wage increase worked together to cut child poverty from 23 percent to 16 percent.
We can't do this alone.
On Nov. 5 folks all over the world will divest from Wall Street and its banks … in order to invest in a better world.
Ideologies alone are not enough. There came a point in the movement to abolish slavery where ideology required responsibility. As one abolitionist said, “The only way to be a good slave-owner is to refuse to be a slave-owner.” To truly be against slavery also meant that you didn’t drink sugar in your tea, because sugar was produced with slave labor.
So on November 5, my wife and I will be joining the “Move Your Money” celebration, moving our money from Bank of America to the non-profit credit union here in Philadelphia.
It is one small step away from the vicious cycle that continues to see money transfer from the increasingly poor to the increasingly rich.
It is trying to take to heart Jesus’ command to “Get the log out” of my own eye.
It is a move towards Gandhi’s call to “Be the change you want to see in the world.”
It’s one little step towards being less of a hypocrite tomorrow than I am today.