Home
/
RELIGION & LIBERTY ONLINE
/
Religions’ reactions to financial realities
Religions’ reactions to financial realities
Jan 30, 2026 10:18 PM

John Baden, chairman of the Foundation for Research on Economics & the Environment in Bozeman, Mont., wrote a column for the August 19 Bozeman Daily Chronicle about the Circle of Protection and Christians for a Sustainable Economy and how each has formulated a very different faith witness on the federal budget and debt debate. Baden says that the CASE letter to President Obama is “quite remarkable for it reads like one written by respected economists and policy analysts.”

I attended the FREE conference on the environment for religious leaders in July, the event referenced in Baden’s column (appended below). FREE is building a really useful conference/seminar for faith groups with outstanding lecturers and a truly diverse mix of attendees. I would mend it to anyone seeking to deepen their understanding of environmental policy as informed by a religious worldview.

Also see Acton’s “Principles for Budget Reform” and associated resources on the budget and debt debate.

Religions’ reactions to financial realities

By John Baden

Many quite normal people, not just the paranoid, believe America will spiral downward and drown in a sea of debt. The Aug. 5 downgrade of U.S. bonds stoked their fears. Much of the debt problem is based on mitments to Social Security, Medicare, Medicaid and the Prescription Drug Act.

As Rep. Barney Frank of Massachusetts said on NPR on Aug. 9: “I am not going to tell an 80-year-old woman living on $19,000 a year that she gets no cost-of-living, or that a man who has been doing physical labor all his life and is now at a 67-year-old retirement – which is where Social Security will be soon – that he has to work four or five more years.”

Sojourners is a “progressive” religious organization that supports Frank’s position. (Ironically, billionaire atheist George Soros has generously supported Sojourners.) They have recently drafted a letter to President Obama, “A Circle of Protection: Why We Need to Protect Programs for the Poor.”

Sojourners acknowledge our unsustainable deficits – but reject reforms reducing entitlements directed to the poor. “Programs focused on reducing poverty should not be cut. … The budget debate has a central moral dimension. Christians are asking how we protect ‘the least of these.’ ‘What would Jesus cut?’ ‘How do we share sacrifice?'”

There is nothing radical or even unusual in their position. Many, probably most mainline denominations, support similar positions. Sojourners’ leader Jim Wallis wants to move the broad munity into the policy arena. Hence he is mobilizing a diverse nonpartisan movement of Christian leaders to make them “deeply engaged in the budget debate to uphold the principle that e people should be protected.”

Few would question Wallis’ goal but his strategy is challenged by a new group, Christians for a Sustainable Economy (CASE). They too sent a letter to President Obama.

While they share identical goals of helping the most unfortunate and poor, their means are diametrically opposed. They question policy es by asking the ecological and economic question “and then what?” What are the logical, practical consequences of policies allegedly designed to help the unfortunate and needy?

Their effort had an unusual origin. It arose from an economic conference involving an ecumenical, indeed disparate, group of religious leaders, mainly Christians and several Jews. They represented a wide philosophical and theological spectrum. Some are allied with the Sojourners, others opposed.

CASE’s letter soliciting signers began, “At one level CASE began with a few of us at a lovely conference in Montana with fresh air, kindred spirits, time to talk and the gift of the idea to join together. … Signatories already include us (Catholics, Protestants, Orthodox) … (and) many who work alongside the very poor, and so on.”

I find their letter to the president quite remarkable for it reads like one written by respected economists and policy analysts. “We do not need to ‘protect programs for the poor.’ We need to protect the poor themselves. Indeed, sometimes we need to protect them from the very programs that ostensibly serve the poor, but actually demean the poor, undermine their family structures and trap them in poverty, dependency and despair for generations. Such programs are unwise, passionate, and unjust.”

Their text explains, “We believe the poor of this generation and generations e are best served by policies that promote economic freedom and growth, that encourage productivity and creativity in every able person, and that wisely steward mon resources for generations e. All Americans – especially the poor – are best served by sustainable economic policies for a free and flourishing society. When creativity and entrepreneurship are rewarded, the yield is an increase of productivity and generosity.”

A decade ago I wrote a column celebrating Nobel Prize economist Milton Friedman’s 90th birthday. Milton was an apostle of responsible prosperity and liberty. While he is gone, his influence lives. CASE’s letter to the president is a sterling example.

John Baden is the chairman of the Foundation for Research on Economics and the Environment and Gallatin Writers, Inc., both based in Bozeman.

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
Cardinal Cormac Murphy O’Connor and the ‘Death’ of Capitalism
Cardinal Cormac Murphy-O’Connor, the Roman Catholic Archbishop of Westminster and President of the Bishops’ Conference of England and Wales, has touched off a row over remarks he made recently concerning the demise of capitalism. Here’s the context from the Daily Telegraph, a British newspaper: [the Cardinal] made the astonishing claim at a lavish fund-raising dinner at Claridges which secured pledges of hundreds of thousands of pounds for the catholic church. The Cardinal, dressed in his full clerical regalia, said in...
One Good Thing about Term Limits
I’m ambivalent about the value of term limits, but one thing that can certainly be counted in their favor is that they (at some point at least), force lawmakers to go out and try to make a living in the economic environment which they helped to shape. In Michigan, nearly half of the 110-member House of Representatives will consist of new members. Of the 46 new members, 44 ing from seats that were open because of term limits. And now...
Neuhaus and the Academy
Part of the reason Richard John Neuhaus will be remembered is for his impact on Christians in higher education. There is no question that his seminal book The Naked Public Square and then his journal First Things changed the way many of us think about religion and culture. He also did something I think is nearly impossible with FT. He created a serious journal that causes many people (a great many of them professors) to do a little dance when...
Conservative/Libertarian Books for the Acton Reader
It is the new year and the time of reflection is upon us. In 2008, we witnessed a revolutionary left-liberal presidential victory and the onset of substantial economic challenges. Under the circumstances, I thought now might be a good time to propose a list of outstanding books for the intellectually curious friend or fellow traveler. I would not dare attempt to put these in order based on excellence. Just consider it a series of number ones. 1. Lancelot by Walker...
Book Review: My Grandfather’s Son
Perhaps the most striking theme of Associate Justice Clarence Thomas’s autobiography My Grandfather’s Son is just how many obstacles Thomas had to e to reach the high judicial position he currently holds. Thomas was born into poverty, abandoned by his father, and was raised in the segregated South all before achieving the American Dream. At the same time, it was Thomas’s poverty-stricken circumstances that would help propel him to a world of greater opportunity. Because of his mother’s poverty, when...
Acton Commentary: A Second Opinion on Employer Responsibility for Heath Care
Health care reform is likely to move back into the public eye as a new Congress and a new Obama administration prepare to start work this month. In this week’s Acton Commentary, Dr. Don Condit argues for a move away from employer funded health care benefits to a portable system. “Corporate human resources departments should not be viewed as the main source of support for Americans’ health care,” he writes. “The iniquitous government subsidy for employer-based health care could be...
Farewell, Father Neuhaus
First Things has announced that Father Richard John Neuhaus died this morning. I am hardly qualified to write a eulogy, having never met the man. No doubt others, including one or two Acton colleagues who knew him better, will perform this service admirably. But I pelled to offer a few words, as I have long admired Fr. Neuhaus and his vital work, in particular the journal he edited for many years, First Things (FT). In the mid-1990s, I was a...
Summing Up a Great Man’s Life
Richard John Neuhaus is dead. We’ve lost some big ones in the last year. Many of you will not realize how big this one was. I pray Jody Bottum and some of the others in the First Things (Neuhaus’ hugely influential journal) world can carry on his legacy. Though Neuhaus’ death leaves a chasm to be filled, I think Dr. Bottum is the right man for it. Anthony Sacramone is a former managing editor of First Things. He is also...
Ignorance, Humility, and Economics
I like Robert Samuelson’s recent column about the difficulty (impossibility?) of accurately analyzing economic reality, let alone predicting its future. Over the past several months a few people, mistaking me for someone who knows a great deal about economics, have asked what I think about the financial crisis, the stock market, the recession, etc. My response is usually something along the lines of the following: Anyone who pretends to know and pletely the causes of the economic meltdown and/or how...
Remembering Father Richard John Neuhaus
For those concerned with a vigorous intellectual engagement of the religious idea with the secular culture, these past 12 months have been a difficult period. On February 28, 2008, William F. Buckley, Jr. the intellectual godfather of the conservative movement in America, died. Only last month, Avery Cardinal Dulles, SJ, passed away at 90 years old. Cardinal Dulles was one of the Catholic Church’s most prominent theologians, a thinker of great subtlety, and a descendent from a veritable American Brahmin...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved