February 2015 did not just feature bitter cold in the eastern half of the U.S., but was a news-laden month that provided a window on a large number of our contemporary social, political, and cultural troubles. Heading the list was the continuing saga of big and increasingly threatening government in the Age of Obama. Early … Read more
It’s hard to keep up with all the arguments and proposals in the debt limit struggle. But what’s at stake is fundamental. The bedrock issue is whether we should have a larger and more expensive federal government. Over many years, federal spending has averaged about 20 percent of gross domestic product. The Obama Democrats have … Read more
Karl Marx famously quipped that great historical events and personages appear twice, first as tragedy and second as farce. The tragedy he had in mind was the French Revolution and the farce was its pale successor that took place in France in 1848. To the contrary, events leading up to the revolution turn Marx’s formulation … Read more
The financial problems of Greece have dominated the headlines for months. The problems are not new. They have been apparent since the end of 2009 when Greece revealed that its budget deficit would be more than three times previous projections. The March 2010 rescue package (E110 Billion) and austerity measures agreed to by European … Read more
Debt and deficits seem to be on everyone’s minds these days. Whether it be worries about the American government’s fiscal woes, Europe’s fragile banking system, or the debt-as-a-way-of-life culture that disfigures so many lives, many people are seeking guidance about how to extradite ourselves from this mess with our souls intact. In this regard, Catholics … Read more