Home
/
RELIGION & LIBERTY ONLINE
/
Religions’ reactions to financial realities
Religions’ reactions to financial realities
Jan 25, 2026 7:04 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 to be a socially responsible investor
From : “Socially responsible investing is when you take your beliefs and values and apply them to how you invest your money. This is also known as having a ‘double bottom line,’ because not only are you looking for a profitable investment, but also one that meets certain moral criteria and that lets you sleep well at night. Your second bottom line could be moral, religious, or based on whatever Chicken Soup for the Soul principles help guide you through...
Dead man’s hand
On this date in 1876, Wild Bill Hickok was killed, shot dead from behind by Jack McCall while playing poker. He held a pair of aces & a pair of 8s, forever giving bination the nickname “Dead Man’s Hand.” Poker e a long way since then, ing a global multi-million dollar industry. There’s a good discussion over at World Magazine Blog, asking where parents should “draw the line,” given the rising popularity of poker among youth. This story from CBS’s...
France urges actions against Iran
France’s foreign minister, Philippe Douste-Blazy, said that Iran’s move to resume its nuclear activities could spark a “major international crisis,” increasing the pressure on Tehran to return to the negotiating table or risk facing sanctions. France is urging European negotiators to propose a meeting of the International Atomic Energy Agency’s council of governors. “If the Iranians still do not accept what the council of governors propose, then the munity must turn to the Security Council” and “we will see what...
Al Gore launches network
Al Gore’s new Current TV network seeks to be “the television home page for the Internet generation,” the former vice-president said. With its debut today, Current TV seeks to be a more hip and cutting-edge form of presenting the news. “I think the reality of the network will speak for itself,” Gore told reporters. “It’s not intended to be partisan in any way and not intended to be ideological.” Sure thing Mr. Gore. Of course a network you are debuting...
Faith and works
The issue of the federal regulation of non-profit groups, including churches, has meshed with a number of other questions, including allegations of government discrimination against faith-based groups. Charles Colson, founder of Prison Fellowship Ministries, writes of an attack on funding for faith-based initiatives in the New York Times as “typical of what’s been happening in the press and in Congress. Year after year, a Senate minority blocks votes on faith-based legislation. They demand that ministries not ‘discriminate’ by hiring only...
Antiochian orthodox to quit NCC
The terminal politicization of the National Council of Churches has led a major Orthodox jurisdiction to throw in the towel. The Antiochian Orthodox Church, meeting for its bi-annual convention in Dearborn, Mich., has “voted overwhelmingly” to leave the ecumenical body led by Rev. Bob Edgar, a former Democrat congressman. The news has been posted on Touchstone Magazine’s Mere Comments blog, and was phoned in by a correspondent for Ancient Faith Radio who was on the scene in Dearborn. Metropolitan Philip...
Culture of litigation infects the Church
The current issue of Christianity Today magazine examines the lack of discipline in evangelical churches, and is presenting the themed articles in a series on its website. The litigious nature of American culture has e one of the great contributing factors to the decline of church discipline. A brief article by Ken Sande, an attorney who serves as president of Peacemaker Ministries, testifies to this reality. In “Keeping the Lawyers at Bay,” Sande writes that one way bat the tendency...
Fruitful math
Here’s a view of procreation that doesn’t line up with the UN-sponsored “World Population Day”. In the midst of a discussion about a Jewish tradition mandating that each couple has at least one male and one female child, Bryan Caplan at EconLog writes, I’m on the record in favor of having more kids. I believe that, in most cases, both individuals and society would be better off if families had three or four. A lot of people have small families...
Christians countering corruption
From ENI: Nigerian president wants Church to nurture God-fearing politicians Lagos (ENI). Nigerian President Olusegun Obasanjo, lamenting poor leadership and corruption among public officers in his country, has urged churches to help nurture political leaders who are honest, hardworking, visionary, and inspiring. “The Church has a major role to play in identifying, nurturing, promoting and guiding such leaders at all levels of our society and our polity,” Obasanjo said in Lagos at the laying of the foundation stone of a...
Exchange on globalization and labor
From last week’s McLaughlin Group (July 30), an exchange between Pat Buchanan and Mort Zuckerman on the AFL-CIO split: MR. BUCHANAN: There’s no doubt it is a blow to the Democrats. And what Eleanor said is very important earlier. The future of the labor movement is in service workers and it’s government workers, John, because the industrial unions are dying. We are exporting all of their jobs overseas, whether it’s textile or steel or (atomic?) workers or auto workers. All...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved