Archive for February 3rd, 2010

Borrowing Our Way to Prosperity

Democrats carped over the big spending of the Bush administration.  (True conservatives did, too, by the way.)  But when they got the reins, both the White House and Congress, Democrats made Republican spending look positively thrifty.

When they have lots of money, Democrats spend money on all sorts of government programs.  And when we have less money, as in this recession, Democrats spend money on all sorts of government programs.

Rep. James Clyburn (D-S.C.), the House majority whip, said that trying to find greater savings in the budget, which was released by President Barack Obama this morning, wouldn’t help alleviate the recession.
“We’ve got to make some decisions here as to what’s in the best interests of our country going forward,” Clyburn said during an appearance on Fox News. “And I think the best interest is to invest in education, control these deficits, while at the same time trying to get people back to work.”

“We’re not going to save our way out of this recession,” the majority whip added. “We’ve got to spend our way out of this recession, and I think most economists know that.”

But Chuck Bentley, CEO of Crown Financial Ministries, has a different take on the issue.

The government is almost insolvent already because it borrows more money than it takes in. The government is trying to spend its way out of economic trouble.

Washington is not spending cash reserves, its spending borrowed money. We’re borrowing money to solve a problem caused by borrowing too much money. We’re borrowing from foreign sources. Spending is out of control. The only way to fund it is to raise taxes, borrow, or print money. None of those strategies will lead to economic health.

The Democrats are looking at the ends and forgetting all about the means they’re using to achieve them.  Indeed, Obama’s new budget spends a record $3.8 trillion dollars.

The spending blueprint for next year calls for tax cuts for workers and business and more aid for cash-starved state governments as well as the unemployed. The jobs initiative largely mirrors last year’s stimulus bill, but is about one-third its size. The president is asking for nearly $300 billion for recession relief and job stimulus.

The budget paints a remarkably dire picture of a federal government that will have to borrow one-third of what it spends next year as it runs a deficit that still would total some $1.3 trillion.

This from the guy who says he’s trying to reduce deficits.  

Please read all of Chuck Bentley’s article.  He goes over his 5 predicted trends for 2009 (which were all very much on the money, so to speak), and he goes over his 5 trend predictions for 2010.  It’s very likely we’re not out of the woods yet, and government isn’t really helping.

Chuck’s advice to Americans, and America’s government, is the same; get your financial house in order first.  Maxing out your credit cards when you’re already deeply in debt, on the assumption that things are going to get better, is a risky bet.  Just ask banks that bought those (now) toxic home mortgage securities.  Here’s his #5 trend prediction:

The mid-term elections will be a pivotal moment for the economic direction of our country. I don’t want to get into politics, but the problem is the U.S. is increasing its debt while people are trying to get out of debt. There are big differences in what people see as the solution. The population is trying to get its house in order while the government tries to spend its way out of trouble. The U.S. dollar has lost value because of government’s fiscal irresponsibility. The government can only get money by taxing, borrowing, and printing money. More programs mean more money is needed to fund them. That means government will print more money and further devalue the dollar. You can’t become prosperous through government spending. Elected officials from both parties treat the dollar as if it were Monopoly money. When taxing and borrowing isn’t bringing in enough money, government will print it. That will lower the value of the dollar, and devalue your savings. Our elected leaders are living foolishly. We should vote for those seeking office who pledge to be good stewards of the money the people supply the government through taxes. They should act as trustees that are committed to protect the people by making sure the government lives within its means. Work with all your power to get the government to live within its means. The mid-term elections will indicate the direction of the country. If we’re not successful in electing good stewards, a very painful correction is coming.

If that correction comes, be sure government will misread the reasons.  Just get educated yourself.

Things Heard: e103v3

Well, I didn’t get up early enough to write (or post links) and slept in a bit. So … links with comments this morning.

  1. Mr Greenwald asks a question of the left. This might be were one would put a hope/change sort of dig … but I won’t go there (oops). This item will be referred to below, btw.
  2. The left takes on “corporatism” here and here, and ignores the elephant in the room. That’s right when you compare the power and ability of corporations to do ill with that of government clearly corporations are the greater evil … if of course you are severely brain damaged. How one can escape the 20th century and not realize that Lenin, Stalin, Hitler, Mao, and the Khmer Rouge were not all leaders of mega-corps unleashing their corporate stooges but … wait for it … government leaders using government forces. The answer to counter corporate malfeasance is not increased government power and oversight (see item #1 above). It takes something more like, well, this. Tea parties (the original more than the latter) come to mind.
  3. A chart, which in turn demonstrates the gullibility of Democrats (and political junkies) who believe the results of about any damn poll. More seriously instead of reading tea leaves for your opinion of the other side, try getting to know some.
  4. An interesting painting.
  5. Two useful criteria when defining religion.
  6. Mr Obama does something which makes the right applaud.  Now we will have to wait for the left to figure out that means that its those evil corporations are pushing into space. Of course the right isn’t universally happy about everything Mr Obama does. But that goes without saying. Here’s something else to applaud (on the right), and it doesn’t hurt that in doing so he breaks a campaign promise.
  7. TARP and incentives. Oops. And other ways in which the administration sneaks government growth under the radar.
  8. Mr O’Keefe (consider the Ukraine link above in #2 above).
  9. On that film Avatar. Heh.
  10. 1984 and Mr Obama.
  11. A DADT compromise suggested. Comments?
  12. An Orthodox hymn.
  13. Watching economists dicker.

Leaders of the Evangelical Generation: Bill Bright, evangelist.

[I am working on a project that may become a book on the most influential evangelicals leaders of our generation, since 1976, and the impact they’ve had on the church and their times. I will introduce them briefly on this blog from time to time.  Who should be on the list?].

Bill Bright. Evangelist (1921-2003)

The call came into the public relations firm late one afternoon in early 1999, and although Campus Crusade was not my account, the account executive wasn’t in, and I was the ranking executive on duty, so I took the “important call from Crusade.” The director of communications, our contact, was on the line; he breathlessly asked me to hold for Dr. Bright.

Campus Crusade founder and president Bill Bright was on a mission. As the end of the millennium loomed, he was increasingly burdened with the challenge to bring millions more people to faith in Christ. While it seemed as though every church and Christian group in the world had a campaign to fulfill the Great Commission before 2000, Bright also had a personal plan.

“Let’s find Noah’s Ark,” Bright said, and I stammered some agreeable words, uncertain of what he actually meant. He meant just that. His conviction was that the people in the villages of Turkey knew the whereabouts of the remnants of the ark; all we needed to do what make it worth it to them to tell us. Bright had decided that we’d run ads in the major newspapers of Turkey and offer $1 million to the person who would provide us with inconvertible evidence of the ark’s location and remnants.

Bright had the same reason for this long shot scheme that compelled him through decades as head of Campus Crusade—to provide evidence that would bring millions of people to faith in Jesus Christ. He figured that if we could provide failsafe modern evidence of one of the Bible’s best know stories, it would convince skeptics around the world that the Bible is an accurate historical record. And that would result in their trust of Scripture and their commitment to the biblical Jesus.

And so we did. Our PR firm was the only contact because Bill Bright and Campus Crusade were to remain anonymous. We wrote and designed a compelling ad with the help of our friends at The Puckett Group, who found a Turkish translator and tapped into the international advertising services necessary to place ads in the newspapers of Turkey.

This earnest effort brought drawers full of packages with long descriptions of places and proofs, with grainy pictures and even video. We couldn’t produce any more certainty than many other teams of filmmakers and authors and researchers could throughout the centuries. The project deadline arrived without conclusive evidence and all that remained to be done was to continue writing polite responses to dozens of wishful treasure hunters in Turkish villages for months that followed.

Perhaps the best result was another glimpse into the hopeful and sincere heart of one of evangelicalism’s most energetic and respected champions of mass evangelism. Bill Bright introduced not only the massive college evangelism effort, Campus Crusade, but also tools and campaigns that—although sometimes derided as simplistic and incomplete—nonetheless brought millions of people to Christ. These campaigns became pervasive symbols of evangelical marketing of the time—such as the Four Spiritual Laws (1965), the I Found It campaign (1976), and The Jesus Film (1979).

Bright, born in Coweta, Oklahoma, described himself as being a “happy pagan” in his youth. He graduated from Northeastern State University in Tahlequah, Oklahoma with an economics degree. In 1944, while attending the First Presbyterian Church, Hollywood, Bright became a Christian. He immediately began intensive biblical studies which led him to graduate studies at Princeton and Fuller Theological Seminaries. It was while he was a student at Fuller that he felt what he regarded as the call of God to help fulfill Christ’s Great Commission (Matthew 28:19) by sharing his faith, beginning with students at UCLA. This gave birth to the Campus Crusade for Christ movement.

During the decades to follow, Bill Bright and his wife, Vonette, remained faithful to this work, and the ministry expanded greatly. Campus Crusade now has more than 27,000 full-time staff and over 225,000 trained volunteer staff in 190 countries.