Home
/
RELIGION & LIBERTY ONLINE
/
Commentary: Living in the Shadow of the Fiscal Cliff
Commentary: Living in the Shadow of the Fiscal Cliff
Feb 11, 2026 8:28 AM

Jordan Ballor looks at the bipartisan lack of discipline in Washington on debt and spending, and the effect on future generations. “Christians, whose citizenship is ultimately not of this world and whose identity and perspective must likewise be eternal and transcendent, should not let our viewpoints be determined by the tyranny of the short-term,” he writes. “If we continue the current course of American politics, the fiscal cliff will end up being nothing more than a bump in the road toward the cultural, economic and political bankrupting of America.”The full text of his essay follows.The full text of his essay follows. Subscribe to the free, weekly Acton News & Commentary and other publicationshere.

Living in the Shadow of the Fiscal Cliff

byJordan Ballor

After the election results earlier this month, the next big issue facing President Barack Obama and Congress is the so-called“fiscal cliff,”a series of discretionary spending cuts and tax increases that, in lieu of some action taken in the meantime, would kick in automatically at the end of this year and the beginning of 2013.

The net gains from these actions, also referred to as “sequestration,” areestimated to amount to a reduction of the federal deficitby $607 billion, or 4 percent of gross domestic product (GDP) in FY 2012 and 2013. To put this in some perspective, the deficit as enacted for FY 2012 is in the neighborhood of $1.37 trillion, so fiscal restraint represented by the cliff represents a major dent in the spending patterns of the last decade and more. The last year the deficit was under $1 trillion was 2008, when it measured $642 billion, which at the time wasthe largest deficit in American history. As significant as the fiscal restraint imposed by the cliff is, however, it would not quite get us back to even those historically high levels of expenditure.

As Republicans continue to control the House of Representatives, the ing from the GOP will be that the deficits of the last four years are the result of a spendthrift administration and Democratic Party, who have overdosed on stimulus spending and continue to show disregard for the fiscal realities facing the United States. For their part, Democrats in the Senate and the White House will continue to argue that to address the unique challenges facing the country we will need to raise revenue and decrease spending. As with most things in politics, the truth lies somewhere in between these two extremes.

The reality is that deficit spending became part and parcel of federal policy long before President Obama was elected to the White House. It is true that deficits over the last four years have been historically high, but it is also true that we have endured the greatest economic downturn during this time since the Great Depression, while at the same time facing military challenges in Iraq and an ongoing war in Afghanistan.

At the same time, to argue that the challenge confronting the federal government really is a problem of revenue and not of expenditure is to ignore these same decades of political trends. For the last half century and more, there has been no significant period of time when the spending of the federal government did not exceed, often by wide margins, the amount of revenue being taken in. As Richard Vedder and Stephen Moore summarized in theWall Street Journal, “over the entire post World War II era through 2009 each dollar of new tax revenue was associated with $1.17 of new spending. Politicians spend the money as fast as es in – and a little bit more.”

This is a bi-partisan reality. If one party has been steering us towards the fiscal cliff, then the other has been pressing down firmly on the accelerator. Without some kind of structural change to the culture of Washington,there is little indication that raising taxes would result in anything different this time around.

But apart from the numbers themselves, the framing of the issue by politicians and pundits ought to give us pause. The idea that returning deficit spending to 2008 levels represents a “cliff” is not just political hyperbole. It reveals something deeply broken about not only our political system, but even more of our cultural expectations. As long as we continue to expect politicians to deliver programs and policies that are not sustainable, they will continue to promise them, and what is perhaps even worse, they will continue to try to make good on them, no matter the cost to current and future generations.

The fiscal cliff does not represent some apocalyptic moment in American history. In fact, the debate over sequestration is likely to obscure the more pressing and long-term matters facing this country, particularly the intertwineddemographic and entitlement “cliffs” we face in Americaand more sharply across the globe. Christians, whose citizenship is ultimately not of this world and whose identity and perspective must likewise be eternal and transcendent, should not let our viewpoints be determined by the tyranny of the short-term. If we continue the current course of American politics, the fiscal cliff will end up being nothing more than a bump in the road toward the cultural, economic and political bankrupting of America. But if we take this as an opportunity toreassess our values, both temporal and eternal, then the fiscal cliff is as good an occasion as any to seek deeper and more meaningful reform of ourselves, our families, our churches, our businesses and our governments.

This article originally appeared onThink Christian.

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
Religion & Liberty: Being Good and Doing Well
The Summer 2006 issue of Religion & Liberty is now available. This issue focuses on the relationship between virtue and success. Looking at this question from several different perspectives – from an economic to a Biblical point of view – we convey that a virtuous society will best satisfy the requirements for liberty and free, and effective, markets. Inside This Issue: The Economy of Trust: R&L interviewed Kenneth Arrow, a Nobel Prize and National Medal for Science winner, on the...
God’s Politics Blog at Beliefnet
In case you haven’t seen it yet, Beliefnet, in conjunction with Sojourners, is hosting a blog based on Jim Wallis’ book, God’s Politics: Why the Right Gets It Wrong and the Left Doesn’t Get It. One of the key features in the blog’s short tenure to date is a discussion between Jim Wallis and Ralph Reed, former leader of the Christian Coalition. Jim says that Ralph is his “first dialogue partner on God’s Politics,” so perhaps we can expect more...
Jordan Ballor named to Relevant Nation
A big hat tip to Jordan Ballor, PowerBlog MVP and associate editor of Acton’s Journal of Markets & Morality, on his being named to Relevant Nation — a group of “50 Activist, Artists And Innovators Who Are Changing Their World Through Faith.” Produced by the folks at Relevant magazine, the Relevant Nation singles out “innovators from the worlds of art and entertainment, science and technology, business and social justice. The stories will inspire you to take risks, serve others with...
The Evolution of Marketing
Last week, marketing guru Seth Godin quoted the 17th-century Spanish Jesuit Baltasar Gracián y Morales: Know how to sell your wares, Intrinsic quality isn’t enough. Not everyone bites at substance or looks for inner value. People like to follow the crowd; they go someplace because they see other people do so. It takes much skill to explain something’s value. You can use praise, for praise arouses desire. At other times you can give things a good name (but be sure...
The Fleecing of America
NBC Nightly News has long had a special feature titled, “The Fleecing of America,” which investigates various instances wasteful spending by government officials. To get a visual clue about the massive size and diversity of the federal budget, check out “Death and Taxes”, the 2007 edition, “a representational graph of the federal discretionary budget. The amount of money that is spent at the discretion of your elected representatives in Congress. Basically, your federal e taxes.” The website also notes, “Don’t...
Annan on the UN: The Way, the Truth, and the Life
Allow me to summarize the message of outgoing UN General Secratary Kofi Annan’s speech to the General Assembly yesterday (HT: International Civic Engagement): “The United Nations is the way, the truth and the life. No es to utopia but through it.” You pare the text of Annan’s speech to see if I’ve gotten it right, and then contrast my summary with another source. ...
Toxic Mortgages and Personal Responsibility
Mortgage foreclosure rates soared 53 percent in pared with a year earlier, and many people who were eager to buy a house with low “teaser” interest rates and creative financing are in trouble. Acton Senior Fellow in Economics Jennifer Roback Morse expects new calls for goverment oversight of the mortgage industry, which is already highly regulated. A better idea, she suggests, would be for buyers to examine their motives for acquiring real estate with gimmicky loans and take some responsibility...
Mosquitos in Jesus Camp
Received some emails in the past week from the folks at Magnolia Pictures announcing the release of Jesus Camp, which they call a "new, controversial documentary." According to one mailer, "The film follows children at an Evangelical summer camp, as they hone their prophetic gifts and are schooled in how to take back America for Christ." Disclaimer – I haven’t seen it. Haven’t even been p tickets to attend a screening of it, though I have been asked to promote...
Prohibition, Blue Laws, and the Primum Usus Legis
A paper recently published at the National Bureau of Economic Research calls into question some conventional economic wisdom about the effects of certain kinds of legislation. In “The Church vs the Mall: What Happens When Religion Faces Increased Secular Competition?”, Jonathan Gruber and Daniel M. Hungerman find that when so-called “blue laws” are repealed in any given state, “religious attendance falls, and that church donations and spending fall as well.” But in addition, “repealing blue laws leads to an increase...
DDT Breakthrough at the WHO
Africans are hailing a major shift in policy at the World Health Organization: A mendation for the limited, indoor use of DDT to control malaria. The fight against the disease, which is a leading cause of death in the developing world, has been hobbled by a long running campaign by environmentalists to ban the insecticide, a campaign that resulted in millions of needless deaths. The South African health ministry ed the policy shift, noting that its return to the use...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved