Home
/
RELIGION & LIBERTY ONLINE
/
Commentary: Living in the Shadow of the Fiscal Cliff
Commentary: Living in the Shadow of the Fiscal Cliff
Jul 12, 2025 4:05 AM

Jordan Ballor looks at the bipartisan lack of discipline in Washington on debt and spending, and the effect on future generations. “Christians, whose citizenship is ultimately not of this world and whose identity and perspective must likewise be eternal and transcendent, should not let our viewpoints be determined by the tyranny of the short-term,” he writes. “If we continue the current course of American politics, the fiscal cliff will end up being nothing more than a bump in the road toward the cultural, economic and political bankrupting of America.”The full text of his essay follows.The full text of his essay follows. Subscribe to the free, weekly Acton News & Commentary and other publicationshere.

Living in the Shadow of the Fiscal Cliff

byJordan Ballor

After the election results earlier this month, the next big issue facing President Barack Obama and Congress is the so-called“fiscal cliff,”a series of discretionary spending cuts and tax increases that, in lieu of some action taken in the meantime, would kick in automatically at the end of this year and the beginning of 2013.

The net gains from these actions, also referred to as “sequestration,” areestimated to amount to a reduction of the federal deficitby $607 billion, or 4 percent of gross domestic product (GDP) in FY 2012 and 2013. To put this in some perspective, the deficit as enacted for FY 2012 is in the neighborhood of $1.37 trillion, so fiscal restraint represented by the cliff represents a major dent in the spending patterns of the last decade and more. The last year the deficit was under $1 trillion was 2008, when it measured $642 billion, which at the time wasthe largest deficit in American history. As significant as the fiscal restraint imposed by the cliff is, however, it would not quite get us back to even those historically high levels of expenditure.

As Republicans continue to control the House of Representatives, the ing from the GOP will be that the deficits of the last four years are the result of a spendthrift administration and Democratic Party, who have overdosed on stimulus spending and continue to show disregard for the fiscal realities facing the United States. For their part, Democrats in the Senate and the White House will continue to argue that to address the unique challenges facing the country we will need to raise revenue and decrease spending. As with most things in politics, the truth lies somewhere in between these two extremes.

The reality is that deficit spending became part and parcel of federal policy long before President Obama was elected to the White House. It is true that deficits over the last four years have been historically high, but it is also true that we have endured the greatest economic downturn during this time since the Great Depression, while at the same time facing military challenges in Iraq and an ongoing war in Afghanistan.

At the same time, to argue that the challenge confronting the federal government really is a problem of revenue and not of expenditure is to ignore these same decades of political trends. For the last half century and more, there has been no significant period of time when the spending of the federal government did not exceed, often by wide margins, the amount of revenue being taken in. As Richard Vedder and Stephen Moore summarized in theWall Street Journal, “over the entire post World War II era through 2009 each dollar of new tax revenue was associated with $1.17 of new spending. Politicians spend the money as fast as es in – and a little bit more.”

This is a bi-partisan reality. If one party has been steering us towards the fiscal cliff, then the other has been pressing down firmly on the accelerator. Without some kind of structural change to the culture of Washington,there is little indication that raising taxes would result in anything different this time around.

But apart from the numbers themselves, the framing of the issue by politicians and pundits ought to give us pause. The idea that returning deficit spending to 2008 levels represents a “cliff” is not just political hyperbole. It reveals something deeply broken about not only our political system, but even more of our cultural expectations. As long as we continue to expect politicians to deliver programs and policies that are not sustainable, they will continue to promise them, and what is perhaps even worse, they will continue to try to make good on them, no matter the cost to current and future generations.

The fiscal cliff does not represent some apocalyptic moment in American history. In fact, the debate over sequestration is likely to obscure the more pressing and long-term matters facing this country, particularly the intertwineddemographic and entitlement “cliffs” we face in Americaand more sharply across the globe. Christians, whose citizenship is ultimately not of this world and whose identity and perspective must likewise be eternal and transcendent, should not let our viewpoints be determined by the tyranny of the short-term. If we continue the current course of American politics, the fiscal cliff will end up being nothing more than a bump in the road toward the cultural, economic and political bankrupting of America. But if we take this as an opportunity toreassess our values, both temporal and eternal, then the fiscal cliff is as good an occasion as any to seek deeper and more meaningful reform of ourselves, our families, our churches, our businesses and our governments.

This article originally appeared onThink Christian.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
What’s the Right Minimum Wage?
What’s the perfect minimum wage? $10 an hour? $20? $50? Economist David Henderson explains why it should be “zero.” As Henderson explains, when the state mandates a minimum wage (or an increase), it makes harder for unemployed people to find work and forces business owners to cut the hours of lower-skilled employees. ...
7 Figures: Family Structure and Economic Success
Family structure is one of the most significant, though oft-overlooked, factors that affect the economic fortunes of Americans. A new study from AEI titled “For Richer or Poorer” documents the relationships between family patterns and economic well-being in America and shows how radically it can affect e. Here are seven figures you should know from the study: 1. The growth in median e of families with children would be 44 percent higher if the United States enjoyed 1980 levels of...
The FAQs: Are Ministers in Idaho Required to Conduct Same-Sex Weddings?
What is the Idaho wedding chapel story all about? Same-sex marriage became legal in the state of Idaho earlier this month after a federal court ruled in the case of Latta v. Otter that the state’s statutes and constitutional amendment banning same-sex marriage was unconstitutional. This ruling affected an anti-discrimination ordinance in the city of Coeur d’Alene, which was enacted last year to cover “sexual orientation” and “gender identity.” (Since there is currently no similar state or federal non-discrimination laws,...
Are Commercial Transactions Inherently Shady?
By giving us the ability to buy and sell, says Wayne Grudem, God has given us a wonderful mechanism through which we can do good for each other. Buying and selling are activities unique to human beings out of all the creatures that God made. Rabbits and squirrels, dogs and cats, elephants and giraffes know nothing of this activity. Through buying and selling God has given us a wonderful means to bring glory to him. We can imitate God’s attributes...
Italian Edition of ‘The Good That Business Does’ Launched in Rome
Italian edition of “The Good That Business Does” by Robert G. Kennedy (Fede e Cultura, 2014) On Oct. 23, before a capacity-audience at the Pontifical University of the Holy Cross, the Acton Institute and Italian publishing house Fede e Cultura launched Robert G. Kennedy’s Il bene che fanno gli affari (original title “The Good That Business Does,” Acton, 2006, Christian Social Thought Series). The pontifical university’s research center, Markets, Culture and Ethics, acted as co-sponsor with its vice academic director...
Public Health: Is ‘Social Justice’ More Important Than Sound Science?
The Center for Disease Control (CDC) has been criticized recently for its handling of the Ebola cases in the United States, and for its lax suggestions regarding travelers from countries where Ebola is rampant. In today’s City Journal, Heather Mac Donald suggests that the CDC’s lack of leadership has more to do with political correctness in the public health arena and their version of “social justice” than with science. Science would assert that people make choices that have an effect...
The Complexities of Airport Capitalism
Over at The Federalist today, I ruminate on a conversation I overheard at an airport recently. I was an innocent auditor, I assure you. In the words of Sam Gamgee to Gandalf, “I ain’t been droppin’ no eaves sir, honest.” The conversation had to do with the prices of goods and services on offer atairports. To simply blame (or credit) capitalism with the situation is misleading. As I conclude, “We should try to understand the words people are using, the...
Radio Free Acton: Gerard Lameiro on Renewing America’s Heritage of Freedom
Gerard Lameiro speaks at the 2014 Acton Lecture Series Earlier this month, Acton ed Gerard Lameiro to the Mark Murray Auditorium to deliver a lecture as part of the fall 2014 Acton Lecture Series. He spoke on the topic of “Renewing America and Its Heritage of Freedom,” which also happens to be the title of his latest book. Following his lecture, I sat down with Lameiro to discuss his thoughts on the gradual loss of freedom we’ve experienced in the...
Samuel Gregg: The Envy-Inequality Nexus
Acton’s Director of Research, Sam Gregg, ponders “Envy In A Time Of Inequality” in today’s American Spectator. Envy, he opines, is the worst human emotion. From the time that Cain killed Abel to today’s “near-obsession with inequality,” Gregg says envy is driving public policy…and that’s not good. The situation isn’t helped by the sheer looseness of contemporary discussions of economic inequality. Inequality and poverty, for instance, aren’t the same things. That, however, doesn’t stop people from conflating them. Likewise, important...
Child Soldiers: Another Form Of Human Trafficking
Children in poor and war-torn countries are often trafficking victims. They are lured from their homes with promises of making money in factories or at farms. Sometimes they are kidnapped. And sometimes, they are recruited for war. Tom Burridge of BBC News reports on the war in South Sudan, and the prevalence of “recruiting” young boys to fight. On a normal school day, Burridge says that more than 100 boys are kidnapped from their classroom and told they must fight...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved