Home
/
RELIGION & LIBERTY ONLINE
/
Religions’ reactions to financial realities
Religions’ reactions to financial realities
Jan 25, 2026 6:08 AM

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
Brexit and demophobia
Last night, the UK Parliament rejected Prime Minister Theresa May’s proposal towards an agreed exit from the European Union that would keep North Ireland part of the EU. And here we go again. This is yet another step in the endless drama initiated by the Brexit referendum which, contrary to all expectations, has resulted in a nationalist shout against the nation-state dissolution project in favor of a supranational entity based in Brussels, free of any democratic control. Needless to say,...
The demonization of the Covington Catholic school boys
Sadly, it is ing increasingly challenging to hold and freely express unpopular or unconventional ideas in the United States. If possible legal sanctions are not yet a reality, the social environment is increasingly hostile toward those who dare not pray according to the gospel of political correctness. In recent weeks, we had numerous examples of how media-fueled intolerance is slowly replacing the law of the land or, at least, making the fundamental freedom of expression fall by the wayside. Vice...
6 Quotes: John C. Bogle on capitalism, values, and virtue
John C. Bogle, founder of the Vanguard Group of Investment Companies, died yesterday at the age of 89. Bogle popularized the practice of indexing, the practice of structuring an investment portfolio to mirror the performance of a market yardstick, like the Standard & Poor’s 500 stock index. Bogle was a frugal man who championed virtues such as trust and thrift. He was also a philanthropist who gave half his salary to charity. “My only regret about money,” he once said,...
C.S. Lewis on the cardinal virtues
Christian thinkers have divided virtue into seven categories: four Cardinal virtues—which all civilized people recognize—and three Theological virtues—which, as a rule, only Christians know about. In this video, which illustrates a section of Mere Christianity, Lewis looks at the four Cardinal virtues: prudence, temperance, justice, and fortitude. The word ‘cardinal’ has nothing to do with ‘Cardinals’ in the Roman Church, Lewis notes. Rather, es from a Latin word meaning ‘the hinge of a door’. These were called “cardinal” virtues because...
Denmark to American leftists: We’re not socialist
Democratic Socialists have presented Denmark as the elusive nation where socialism has been successful, and thus a model for the policies they would implement in the United States. Bernie Sanders regularly invoked Denmark during the 2016 presidential campaign, and Alexandra Ocasio-Cortez reassured 60 Minutes viewers that her version of democratic socialism would veer more toward Denmark than Venezuela. Just weeks ago a free-market think tank in Denmark, the Center for Political Studies (CEPOS), issued a 20-page report telling Americans that...
Populism vs. capitalism: The myth of the market as a ‘tool’
Tucker Carlson’s recent rant on the corrosive grip of cultural elites and pro-market conservatism has led to a bounty of intra-movement debate and introspection, ranging from loud “amens!” to loud “nay, nevers!” to critiques of resentful populism to more nuanced efforts to weigh and reconcile the legitimate tensions at play. But as we explore the plicated arguments about how and whether we can or should use the levers of government to insulate families munities from “market forces,” it may be...
Socialism and the vicious circle of child marriage
She was the brightest girl in her class, and 13-year-old Maureen dreamed of an education that would get her out of the poverty that bogged down her hometown of Mudzi, Mashonaland, Zimbabwe. Her parents promised to pay her tuition – but her family hit hard times. Instead, her father married off the young adolescent to a middle-aged man. “When my parents told me about the marriage I couldn’t believe it, because they had always given me the impression that I...
Europe’s most pressing problem
“Most urgently of all,” asked George Weigel in The Cube and the Cathedral, “why is mitting demographic suicide?” Weigel’s book was published almost fifteen years ago, but his question on Europe’s infertility is as urgent as ever—even more urgent now, in fact. But have we learned yet? Weigel continued, “Why do many Europeans deny that these demographics…are the defining reality of their twenty-first century?” I’m not saying anything that hasn’t been mentioned before, even on this blog, but it needs...
5 facts about Martin Luther King, Jr.
TodayAmericans observe a U.S. federal holiday marking the birthday of Rev. Dr. Martin Luther King, Jr. It is observed on the third Monday of January each year, which is around the time of King’s birthday, January 15. Here are five facts you should know about MLK: 1. King’s literary and rhetorical masterpiece was his 1963 open letter “The Negro Is Your Brother,” better known as the “Letter From Birmingham Jail.” The letter, written while King was being held for a...
9 quotations from Martin Luther King Jr. on work, wealth, and love
U.S. citizens today mark Martin Luther King Jr. Day, but the Baptist minister’s inspirational plea for civil rights and human dignity echoed across the Atlantic and inspired millions around the world. In his memory, here are nine quotations from MLK Jr. on work, trade, morality, and love. On international free trade: Maybe you haven’t ever thought about it, but you can’t leave home in the morning without being dependent on most of the world. You get up in the morning,...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved