Home
/
RELIGION & LIBERTY ONLINE
/
Religions’ reactions to financial realities
Religions’ reactions to financial realities
Mar 16, 2026 8:11 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
Unemployment as economic-spiritual indicator — July 2019 report
Series Note: Jobs are one of the most important aspects of a morally functioning economy. They help us serve the needs of our neighbors and lead to human flourishing both for the individual and munities. Conversely, not having a job can adversely affect spiritual and psychological well-being of individuals and families. Because unemployment is a spiritual problem, Christians in America need to understand and be aware of the monthly data on employment. Each month highlight thelatest numberswe need to know...
Letter from China: Civic virtue without freedom?
I spent most of July traveling to various parts of the People’s Republic of China. Although I made brief trips to Hong Kong in 2000 and Beijing in 2016, I have never experienced anything remotely similar to this more extended stay. Having a Chinese-speaking guide and the opportunity to speak to “friendly” locals (none of whom can be named out of concerns for their safety) provided more perspective than a tourist would normally have. It would be foolish for an...
WSJ profiles the Acton Institute, the antidote to ‘woke’ capitalism?
The Acton Institute reached an international audience of influencers this weekend with its mission of uniting markets with morality. The Wall Street Journalpublished a profile of Acton, and an extended look at the ministry of Acton co-founder Fr. Robert Sirico, in its “Weekend Interview” feature on Saturday, August 3. “When the Market Meets Morality” by William McGurn introduced a critical group of thought leaders to Acton’s work of promoting a free and virtuous society. McGurn writes that, like Lord Acton,...
The UK porn ban
In the United Kingdom, the government has taken many steps to ensure the protection of children from pornography and other adult material; most recently an Age Verification law was scheduled to be legislated on July 15 but has again been pushed back. Its opposition has legitimate reasons for concern; however, if we agree that children need to be shielded from pornographic material, we need to look at how those laws can be appropriately implemented. The timeline of the United Kingdom...
Milton Friedman on business as an enemy of enterprise
Milton Friedman is one half of the duo so often identified with “neoliberalism” (the other being Friedrich Hayek), the hegemonic power that is typically seen as constitutive of our contemporary age. Friedman was a brilliant thinker, and one whose ideas warrant attention, not least because of their association with today’s political and economic situation. Oftentimes neoliberalism is connected with an ideology of privatization, which is itself seen as policy intended to empower and prioritize the interests of business and industry....
Democrats demonize corporations in second debate
Last night was the second night of the Democrats’ second primary debate. It is the last some candidates will appear on stage, as they likely won’t meet the higher threshold for the third debate in September. But I’ve forgotten all their names already anyway, so lets focus on someone who will be returning: corporations. (Cue spooky thunder sound effect.) While, of course, everyone took aim at President Trump throughout the debate, many candidates spent as much time going after corporations,...
The integration of reason and faith is what defines the West, says Samuel Gregg on Ave Maria Radio
The West is defined by more than just ideas such as freedom, dignity and equality, Samuel Gregg recently remarked in an interview about his new book, “Reason, Faith, and the Struggle for Western Civilization.” “I think at the core of the very identity of the West…is the notion that human beings are wired for truth, that we can engage in reasoned inquiries in search of truth,” he said. “This rational inquiry into truth and emphasis on freedom as self-mastery, ultimately...
Why has the West’s integration of reason and faith fallen apart? An interview with Samuel Gregg
Pathologies of reason and faith have greatly affected history. Pathologies of reason are defined by an abandonment of God in search of truth, resulting in a prioritization of empirical data and the natural sciences to gain knowledge. Likewise, pathologies of faith are characterized by an abandonment of reason, or Logos, resulting in sentimental humanitarianism, seen even the spread of moral therapeutic deism currently present in the Church. “In the end, these pathologies proceed from mistaken conceptions of God,” says Samuel...
America’s unfortunate debt consensus
In an age of deep partisanship and political division, there’s one thing about which America’s political class appears to agree—the public debt being incurred by the U.S. Government. This year, the United States Treasury expects to issue about $1.23 trillion in debt, down slightly from the $1.34 trillion issued in 2018. This was more than double the $546 billion of debt issued in 2017. For all their talk among the fiscal conservatives that can be found on both sides of...
A Quaker economist’s lesson on seeking the truth together
There are several things, universally known, which one is never supposed to discuss over dinner: religion, politics, and money. I violate this generally well regarded rule on a regular basis while never impeding my digestion. My secret? I try, in the words of the prayer of St. Francis, not to seek so much to be understood as to understand. During the course of the discussion there es a time when my interest and inquiry is reciprocated. I try and focus...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved