Federal Debt

Leo XIII’s Vision of Social Justice

Pope Leo XIII, born 210 years ago this year, is perhaps best known for his Marianism. He was one of the Church’s greatest promoters of the Holy Rosary, and was the first pontiff to embrace the title of Mediatrix for Our Lady. Yet Leo was one of the great thinkers of the modern age, having [...]

Latest News Events Suggest U.S. Constitution a Dead Letter

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 [...]

What the Debt Limit Battle Is All About

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 [...]

Lessons for 2012 from Lincoln and Louis

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 [...]

A Modern Greek Tragedy

  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 [...]

Debt, Finance, and Catholics

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 [...]

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