Home
/
RELIGION & LIBERTY ONLINE
/
Religions’ reactions to financial realities
Religions’ reactions to financial realities
Jan 27, 2026 3:20 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
Bureaucracy kills
While post-tsunami aid pledges totalled $2 billion for Sri Lanka, “Politics and bureaucracy though have kept that money from those most in need,” reports APM’s Marketplace. The report goes on to describe the importance of micro capital loans for rebuilding the economic marketplace, since it’s essential not to create an aid-dependent society. Nevertheless, the key to revival for many shopkeepers ends up being the need for foreign tourism…the same kind that many talking heads decried as the causes for the...
The backlash against Kelo vs. City of New London
Dr. Samuel Gregg appeared on Kresta in the Afternoon on Ave Maria Radio yesterday to discuss the public outrage over the recent Supreme Court decision that allowed the taking of private property through eminent domain for private economic development reasons. You can listen to the interview below (mp4). ...
Protecting 21st century know-how
Hopeful signs are emerging for the future of economic prosperity in Europe despite some serious opposition. The European Parliament recently moved to scrap the ratification of an informal agreement reached last year by EU member states and supported by the European Commission, that would have made important strides forward in the legal recognition of intellectual property rights. The Computer Implemented Inventions Directive (CIID), which would protect intellectual property and standardize EU software patent law, now appears dead. This leaves in...
The mannequinism of the ONE Campaign
The difference in perspective from the ONE Campaign and directly responsible charitable efforts is summed up in the first two sentences from this article in Christianity Today: “Eighteen-year-old Lauren Tomasik had a vision. This Wheaton Academy senior wanted to see her Christian high school raise $75,000 to build a medical clinic in Zambia bat HIV/AIDS. And she wanted the money e from the pockets of her 575 fellow students.” The “We don’t want your money, we just want your voice,”...
Remembering Nagasaki
On August 9, 1945, 60 years ago today, the second atomic bomb named “fat man” was dropped on Nagasaki, Japan. Total casualties from the bomb are estimated at about 100,000, many dying from the effects of radiation following the dropping of the bomb. The bomb was dropped on Nagasaki, which was a secondary target, at the perimeter of the city near strategic military targets. Nagasaki, located in the midst of hills, suffered much less damage than Hiroshima, bombed three days...
Metaphysical technology
In this week’s Acton Commentary, Dave Phelps looks at the case of Susan Torres, a woman who gave birth while reported to be brain dead. The case was considered by some to be a miracle. Others with a more material bent looked at her as merely a corpse, kept alive by advanced medical technology to incubate the child. mentary points out that a great many physicians, schooled in the sciences, retain a belief in God. A “surprising” poll indicates that...
Fourth place doesn’t get you a medal
Now that the crew of Space Shuttle Discovery is safely back on terra firma (along with the entire shuttle fleet, which has once again been grounded over safety concerns), arguments over the future viability of the Shuttle program have resumed in earnest. By far, my favorite swipe at NASA to date has to be today’s Wall Street Journal opinion column (subscription required) by Homer Hickam, a former NASA engineer. Mr Hickam argues that many NASA engineers would like to see...
There’s poverty and then there’s poverty
As I have mentioned before, we must be extremely careful about our language when we debate one another on any issue. So often, an argument is won, lost, or irredeemably confused because of a definition. If truths can be unlocked in careful definition, so can lies be reified in careless ones. A case in point: what we mean by ‘poverty.’ The BBC has a story exploring how the definition of this word has changed as social conditions improved in England....
“They Picked on the Wrong Armenian!” Part II
In a recent post, Jordan Ballor highlighted the efforts of Mr. Armen Yousoufian, who has been seeking public disclosure of records relating to the financing of the new stadium built recently for the Seattle Seahawks largely at taxpayer expense. Mr. Yousoufian has responded to Ballor’s post with the ment: In reply to: “They picked on the Wrong Armenian”, which is about my successful and landmark Public Disclosure Act violation lawsuit here in Washington state, thank you for the coverage. The...
Reducing waste is good stewardship
This Wired News article looks at the practices of mitted to reducing manufacturing and industrial waste. Cutting waste makes good economic and environmental sense. “Anything that’s waste is an inefficiency in the process, and inefficiency is lost dollars,” says Patricia Calkins, vice president for environment, health and safety at Xerox. A cost that is often overlooked is that associated with waste management. “Skyrocketing landfill costs during the late 1980s and early 1990s” helped panies toward minimization of waste. Carpetmaker Collins...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved