Home
/
RELIGION & LIBERTY ONLINE
/
Religions’ reactions to financial realities
Religions’ reactions to financial realities
Dec 15, 2025 8:44 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
Overproduction and stewardship
Overproduction, simply put, is supply in excess of demand. It is the production of more goods and services than those in the market would like to purchase.Overproduction, in a well functioning market economy, should be temporary.In a dynamic market driven by entrepreneurs,resources e allocated towards their most highly valued uses. If some clever entrepreneur makes a million shoes, but only sells two pairs, he will be unlikely to overproduce in the future. This is good, because the overproduction signals to...
Democratic Party Platform Draft Includes $15 Minimum Wage
Sometimes predicting the future is difficult (ask anyone who thought we’d have flying cars by now). But sometimes foreseeing what is going to happen — at least to a high degree of probability — is all too easy. For example, it’s fairly simple to ascertain that sometime in 2017 or 2018 we will see a huge spike in the unemployment for the working poor and increasing the replacement of low-skilled jobs with automation (i.e., robots). The reason: the $15 minimum...
The School Suspension Quagmire
The harsh discipline policies at schools across the nation are now under close scrutiny. Last week, Secretary of Education John King criticized the ‘zero-tolerance’ discipline policies of many charter schools across the country. King claimed that plicated issues surrounding school discipline were being oversimplified into a binary process at many charter schools that led to a higher number of suspensions. This is a problem that exists across public, private, and charter schools around the country: students are suspended and expelled...
Unemployment as Economic-Spiritual Indicator — June 2016 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 the latest numbers we need...
Weak rule of law in administrative state threatens freedom
People often criticize the vast size and scope of the bureaucracy in the United States, but there is another critical issue involving the administrative state that is seldom discussed: the breakdown of the rule of law. The procedural rights that are necessary for a strong rule of law and are so often taken for granted are not guaranteed in the administrative state today. Strong rule of law is one of the necessary elements for a free and virtuous society, and...
Why Churches Should Be Tax Exempt
Churches and other religious institutions in American are almost always exempt from federal, state, and local taxes. The justification for this policy is usually that such institutions provide vital charitable benefits to society. While that is undoubtably true the benefits argument is not the strongest reason to support tax exemption. A better reason is that we need to maintain a distinction between the state and the church. As Richard W. Garnett and Paul J. Schierl explain, the separation of church...
How to Pray for the Police
They swore to protect and serve. Now they lie dead and wounded. Last night five law enforcement officers in Dallas were killed and six more were wounded. They need our prayers, as do all the men and women who dedicate their lives to keeping us safe on our streets and in our homes. Here are eight ways we can pray for the police in America . . . Continue reading. ...
How Kentucky Schools Are Rejecting the ‘College Readiness’ Cookie Cutter
Fueled by a mix of misguided cultural pressures and misaligned government incentives, college tuition has been rising for decades, outpacing general inflation by a wide margin. Yet despite the underlying problems, our politicians seem increasingly inclined to cement the status quo. Whether it beincreasedsubsidies for student loans or promises of“free college” for all, such solutions simply double down on our failedcookie-cutter approach to education and vocation, narrowing rather than expanding the range of opportunities and possibilities. Fortunately, despite such aninept...
Government Fees That Perpetuate Poverty
The Atlantic magazine published an article on July 5, 2016 highlighting the growing problems in Louisiana with legal financial obligations (LFOs) and their effect on poor defendants and the recently incarcerated. Former prisoners usually have a hard time finding a stable e post incarceration and LFOs often require former prisoners to pay thousands of dollars upon release. The average amount in the state of Washington is $1,347, with interest rates that make the debt increase over time. One woman the...
Stewarding Retirement: Why a Christian’s Work Never Ends
As Christians in the modern economy, we face a constant temptation to limit our work and stewardship to the temporal and the material, focusing only on “putting in our 40,” working for the next paycheck, and tucking away enough cash for a cozy retirement. Such priorities have led many to absorbthe most consumeristicfeatures of the so-called “American Dream,” approaching work only as a means for retirement, and retirement only as a “dead space” for recreation and leisure. Yet as retiree...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved