WASHINGTON – In a presentation of his new book at the Family Research Council, biblical theologian Wayne Grudem argued that poor countries can become rich only by producing their own prosperity, and that the free market is not only the economic answer, but in tune with the Bible's moral teachings.
"Every nation that has escaped poverty has done so by producing its own prosperity," said Grudem, professor of theology and biblical studies at Phoenix Seminary in Arizona. Perhaps best known for his book Systematic Theology: An Introduction to Biblical Doctrine, Grudem presented the key themes in his new book The Poverty of Nations: A Sustainable Solution. The very first of his 79 factors to help nations escape poverty in "a free market economy."
"My personal interest in this topic is motivated by Galatians 2:10, where Paul says in talking about the consistency of his teaching with that of the Jerusalem apostles, he said 'only, they would have us remember the poor, the very thing I was eager to do,'" Grudem explained. But he cautioned that before leaders of poor countries should act to make their countries richer, they should investigate the causes of wealth and poverty. more >>
America is home to 21.2 million veterans -- men and women who were willing to risk their lives for our country.
Unfortunately, many of these veterans face a daunting personal battle here at home: finding work. According to the labor department, more than 700,000 U.S. veterans are currently unemployed. This simply isn't acceptable. Our veterans have earned the opportunity to earn a living and take part in the very society they fought to defend.
The most effective way to help them succeed in post-military life is through targeted efforts to extend educational opportunity. more >>
Fast food workers are planning a strike to force employers to pay them $15 per hour. This Thursday, in over 100 cities across the nation, Big Labor is coordinating with "grassroots" activists to pressure these employers to pay a "living wage." From all the press, you'd think the push toward higher wages was something noble. But, this is Big Labor. And no one will bully, threaten or intimidate to steal your hard earned money more than Big Labor.
The group Fast Food Forward, one of the organizations in sync with Big Labor to shame fast food restaurants into extinction, states their purpose:
In America, people who work hard should be able to afford basic necessities like groceries, rent, childcare and transportation. While fast food corporations reap the benefits of record profits, workers are barely getting by - many are forced to be on public assistance despite having a job. Raising pay for fast food workers will benefit workers and strengthen the overall economy. more >>
Wealth inequality in the United States is much worse than people think. There is a thin line between the collective earnings of the lower-middle class and poor, while the gap between them and the ridiculously rich is a shocking shame.
A videographer working under the name "Politizane" illustrated this in a video posted to YouTube called "Wealth Inequality in America" in which he features the results of a poll conducted by a Harvard business professor and economist that asked 5,000 Americans how they thought wealth was distributed in the country.
The graphic above illustrates the disparity between what people think the distribution of wealth is, what they believe it should should be like and what actually exists. more >>
Today's economic situation has hit my billfold…what about yours? With gas prices soaring and paychecks diminishing, I have been wondering; who has been eating my piece of the American pie?
Everyone may be experiencing tough economic times, but as usual, these struggles hit some harder than others. According to the most recent numbers released by the Bureau of Labor Statistics, the unemployment rate for African Americans remains a shocking 13 percent, while black homeownership is at its lowest in almost 20 years. The black unemployment rate in America remains twice that of whites, and nearly three times that of Asians.
As with any bad news, there is plenty of blame to go around. But a far more important question to ask is what can be done to improve the situation now. I believe one answer is a return to the strong, often unsung tradition of black entrepreneurship. When we think of minority owned businesses these days, we tend to picture immigrants, usually Latino or Asian. This perception reflects our current reality: according to a 2008 study Race and Entrepreneurial Success by the University of California Santa Cruz, the rate of black business ownership is far lower than the national average. more >>
Welcome to the Liberals' version of the Hunger Games, America; unapologetically brought to you by our Progressive friends in the Democrat Party, whose economic policies have lifted a record number of Americans from the middle class and plopped them face down -- into poverty the past five years.
I know. This makes no sense, considering they claim they are the party for the folks, insisting they are fighting to expand the middle class. Forget what they say for a moment and take a look at what they've done the past five years. It seems the only things they've expanded are the size of government, welfare rolls, homelessness, unemployment, and the number of people who no longer believe anything that comes out of their mouths, thanks to Obamacare.
Now a third quarter U.S. Census report, "Income, Poverty and Health Insurance in the United States: 2012" reveals Americans' real median income has plateaued the past three years, flat-lining at a rate much lower than it was in 2007. In a nutshell, President Obama's first term offered American households a 4.89 percent, or $2627 decrease in the real median household income. According to CNS News, the real median household income was $53,644 in 2008 and has dropped every year since. more >>