We live in the information age, or more accurately referred to as the age of “information overload.” Anyone who has a Twitter account knows what I’m talking about. You may feel like you’re drowning in a flood of Facebook statuses, emails and YouTube videos. With ing at us every which way, how can we process it all? How do we even know it’s true? Neoclassical economics assumes people act on the basis of perfect information. With all the information that’s...

Rev. Sirico was interviewed by Kathryn Jean Lopez of National Review Online on the national debt of the United States, the debt ceiling, and the moral issues of the budget debate. Their discussion spanned from how a prudent, discerning legislator should look at the debt-ceiling debate to the mind set needed when considering spending cuts: LOPEZ: So many spending cuts can be spun, some perhaps legitimately so, as mean (and liberal policymakers and activists — many with the best of...

Here’s the piece I contributed to today’s Acton News & Commentary: Fertile Ground for Farm Subsidy Cuts By Elise Amyx With debt and budget negotiations in gridlock, and a growing consensus that federal spending at current levels is unsustainable, political support for farm subsidies is waning fast. What’s more, high crop prices and clear injustices are building bipartisan support for significantly cutting agricultural subsidies in the 2012 Farm Bill. The New Deal introduced an enormous number of agriculture subsidy programs...

Yesterday Senator Harry Reid finally proposed a budget plan – one week before the United States is set to default. It is about time that Senate Democrats joined President Obama and House Republicans in offering a concrete budget proposal; however, their budget plan passes the buck onto future generations. The government cannot continue to leave budget woes to future generations, and this is exactly what Senator Reid is trying to do. In fact, after viewing a video found on his...

In the discussion of whether the problem with our national public debt is a question of receipts, outlays, or both, I linked to a helpful set of graphs from Anthony Davies, an economics professor at Duquesne University. This data shows that even though a variety of tax rates have changed a great deal over the years, the federal government has basically taken in receipts within the range of 16-20% of GDP over the post-WWII era. If you haven’t looked at...

In my mentary addressing the nation’s debt crisis I included words from Admiral James B. Stockdale. The full es from an essay on public virtue from the book Thoughts of A Philosophical Fighter Pilot. In his 1988 publication, Stockdale declared: Those who study the rise and fall of civilizations learn that no ing has been surely fatal to republics as a dearth of public virtue, the unwillingness of those who govern to place the value of their society above personal...

From the “What Would Jesus Cut” campaign to the Circle of Protection, Jim Wallis’s liberal activism rooted in his “religious witness” has grabbed headlines across the nation . Wallis advocates for the “protection” of the poor and vulnerable by pushing for expansive government welfare programs. However, has Wallis effectively analyzed all of the programs for efficiency before advocating for their preservation? In the National Review Online, Rev. Sirico raises many concerns about the Circle of Protection campaign underway by Wallis...

The question of “What Would Jesus Cut” raised in new ads for John Boehner’s, Harry Reid’s, and Mitch McConnell’s home states is fundamentally wrongheaded. It reverses the proper approach of religious leaders to politics and threatens to mislead their flocks. The PowerBlog has already addressed the Left’s inclination toward class warfare rhetoric during the debt ceiling debate. Much to our surprise, President Obama didn’t seem to have read that post in time to include its insights in Monday night’s speech....

The film Lt. Dan Band for the Common Good kicks off with the Abraham Lincoln quote, “Honor to him, who braves for mon good.” The words are appropriate. In 2003, wanting to do even more for America’s service men and women, Gary Sinise formed the Lt. Dan Jam Band. The band name was easily decided because many soldiers, sailors, Marines, and airmen did not know Sinise by name and just called him “Lt. Dan.” The moniker is based on his...

Does the Circle of Protection actually help the poor? What may be surprising to many of those who are advocating for the protection of just about any welfare program is that these may not alleviate poverty but only redistribute wealth. Rev. Sirico explained in an interview with the National Catholic Register how the discussion should be about wealth creation, not wealth redistribution: Father Robert Sirico, president of the Acton Institute, a conservative think tank based in Grand Rapids, Mich., suggested...