Home
/
RELIGION & LIBERTY ONLINE
/
Religions’ reactions to financial realities
Religions’ reactions to financial realities
Dec 31, 2025 10:46 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
How global leaders used COVID-19 to restrict religious liberty
From violating burial rites to blame-shifting toward religious minorities to anti-Semitic conspiracy theories, the pandemic has served as a precursor to all sorts of anti-religious mischief. A new report from the U.S. Commission on International Religious Freedoms shows how religious freedoms have been curtailed across the world. Read More… COVID-19 has posed unique challenges to religious liberty across the United States, spurring politicians to impose public health measures that restricted in-person worship services. Globally, the situation has often been much...
Why a baby boom would be good for the environment
If it is true that we face unprecedented and unforeseen challenges when es to environmental catastrophe and deprivation, don’t we need more creativity, more ingenuity and more initiative to pioneer a proper path forward? These are features of civilization e from having more humans. Read More… It’s e fashionable for doomsday prophets to predict that “overpopulation” will lead to mass starvation and environmental catastrophe. Now, however, with humanity facing a global crash in birthrates, many experts are rightly changing their...
Biden’s ‘stimulus’ for a growing economy is all about central control
President Biden wants to pump nearly $2 trillion more into the U.S. economy under the guise of “economic stimulus.” But the country’s economy has already been growing for months, proving that American politicians have adopted the term “stimulus” for a new regime of spending programs that drive up debt needlessly, taking a page out of Xi Jinping playbook. Read More… Proposals for “economic stimulus”, the use of monetary or fiscal policy to stimulate the economy, have e a permanent fixture...
Examining the moral basis of Pope Francis’ pleas for financial regulation – and the morality of ‘speculation’
As Pope Francis recognizes, speculation is part-and-parcel of the modern economic world. He also plainly believes that it is subject to the demands of morality and justice. The question thus es: How do we judge whether any act of speculation is right and just, or wrong and unjust? Read More… In his Prayer Intentions for May 2021, Pope Francis is asking that Catholics pray for strict regulation of financial markets to protect the poor. But is strict government oversight what...
Finding meaning in work: Christian vocation means working with ‘holy intent’
For those who are lost and looking for meaning in a fragmented world – constantly torn between idols of work and leisure, with little left in between – “the power of holy intent” orients our hearts and hands beyond ourselves. It focuses our worship on the Worker and Creator who made us in his image and likeness. It reminds us that, whether we recognize it or not, he is the one we are truly working for. Read More… America’s new...
The ‘man of public spirit’: Politics as art, not science
Politicians have given us many occasions to be critical of their actions. Politics, like all sausage making, is rarely palatable. Nevertheless, Aristotle observed that man is by nature a political animal, drawn into association with others in order to satisfy inherently social needs. Politics need not take the form of what Ambrose Bierce calls it in The Devil’s Dictionary: “a strife of interests masquerading as a contest of principles.” Of course, thinking about politics clearly and constructively is often made...
Beyond nationalism and globalism: Jesus points to another kingdom
In our era of hyper-partisanship, often we think of political divides in simple terms of Republicans versus Democrats, or progressives versus conservatives. Nevertheless, even today there are some divides that cut across party lines. One such divide is that between nationalists and “globalists” or “imperialists” (both pejorative terms given by nationalists to those who support greater international cooperation). On the right, former President Donald Trump opposed many international trade relationships and generally called for an “America first” approach to foreign...
Sen. Tim Scott’s message of redemption resonates
Our weakened state, due to original sin, does not mean that we are wicked, evil, or insignificant. It means that we have a wound—a particular kind of wound that demands a particular kind of medicine. Read More… In his first address to a joint session of Congress, President Biden offered a renewed vision of America, claiming a revitalizing economy, a growing distribution of vaccinations, and efforts to end injustice against race and gender identity. His e through hollow as many...
Why capitalism is worth conserving
Capitalism is worth conserving not because free markets are a “necessary tool” for economic growth, but because economic freedom honors the dignity and creative capacity of the human person. Read More… Amid the waves of populism and protectionism sweeping across the American Right, capitalism has e a favorite target of many prominent conservatives, blamed for the decline of religion, the demise of the family, and the erosion of civil society. Whether the e from politicians like Josh Hawley or pundits...
America is crossing economic Rubicon of government management
If anyone had any lingering doubts about where American economic policy is heading over the next fouryears, those should have been removed by President Joe Biden’s proposed $6 trillion budget for 2022. Whatever Congress does with this proposal, there’s no doubt that government is now viewed by leading policymakers and, judging from recent surveys, by millions of Americans as the primary engine that should be driving the economy. Whether it is the disinterest in the implications of America’s public debt...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved