There are few theologians that I respect more than Wayne Grudem, which is why I really appreciate what he has to say in this video about Christians and politics. It’s well worth the watch.
If you’ve heard of President Obama’s promise to cut 100 Million dollars out of the Federal Budget, you might want to take a look at this video for a littler perspective.
Matt Perman from Wha’ts Best Next recently wrote an outstanding article on why spending alone does not stimulate the economy. Here’s an excerpt.
…it is pretty easy to see the fallacy in the idea that consumer spending stimulates the economy. Here’s a short example to show why.
Let’s say that the “economy” of my family is in bad shape. Do my wife and I conclude that it’s “time to go spend more money” so that we can get things back on track? Clearly not. That would be a devastating course of action. Instead, we would embark on two strategies: (1) save more and (2) earn more money (= produce more goods and services of value).
The same holds true when we think of the economy as a whole. Nothing changes simply by increasing the number of people in the predicament.
To illustrate this, let’s say that there were 300 people in my family and we were running out of food. Would that change anything about the need for our fundamental strategy of saving more and producing more? No. We’d have more people to produce things, which would be a benefit, but nobody would say “hey, we’re short on food, so let’s start eating more!”
Does anything change if we extend this out to 3,000 people? Or 300,000? Or 300,000,000? Not at all. The reason is that there is still a finite amount of resources. We cannot invent economic goods out of thin air.
I’m not saying that there is no role for spending in the economy. I’m saying that saving and earning must come first. You cannot spend unless you have something to spend.
This is a shocking video from Glenn Beck (3 minutes 53 seconds) giving a visual representation of how much money the government is printing. I don’t know a whole lot about economics, but I do know that when governments just start printing money, inflation will happen.
I was just thining this exact same thing the other day but Rush Limbaugh said it far better than I can.
Government meddling harmed a lot of businesses. Now that same government prints money for a bailout, so taxpayers think they own the businesses and can veto purchases like corporate jets. Washington shouldn’t tell businesses how to run and neither should you. But when a company or a person accepts money, there are always strings attached.
This bailout money is not your taxes. Washington is printing the money for it — and when you do that, at some point inflation has to rear its ugly head. Nobody is talking about that, but when inflation hits, it’s going to be the greatest tax that you pay. It’s a law of economics.
I’m getting ready for a pretty major sermon in February on abortion, so I’ve been looking around the web a lot for resources. Collin turned me on to this one today and I think that it is well worth the 3 minutes it takes to watch it. It’s John Piper speaking directly to Barack Obama in the form of a sermon.
This video reminded me a lot of what I was just preaching about in James 4:2 – “You desire and do not have, so you murder.” When did hating babies become acceptable behavior for a presidential candidate or is that above his pay grade as well?
The second video is John Piper and is titled “Abortion is About God.” I’m putting it alongside of the Obama excerpt because of the striking contrast between these two men.