The world awoke Friday morning to the shocking news that a majority of U.K. citizens had voted to leave the European Union and Prime Minister David Cameron would be leaving office in three months, making way for a new leader who supported the Leave campaign.
In the EU referendum known as "Brexit," a majority of U.K. citizens, 52 to 48 percent, voted to sever ties with the EU by 2019.
So what makes this referendum so significant? Below are five things about the U.K.'s long relationship with the EU more >>
The Rev. Billy Graham, who has met and prayed with every U.S. president since Harry Truman and is frequently called America's pastor, is urging Americans to vote, saying is it not only a right but a "God-given responsibility."
In the "My Answers" section of the Billy Graham Evangelistic Association website, the world-renowned evangelist provides a response to those who say they are going to sit this election out and not vote for either presidential candidate nor anyone else whose name is on the ballot.
Graham responded to one questioner who suggested "It wouldn't do any good anyway, because just one vote won't make any difference. Why bother?" by explaining that if people stopped voting, "before long we'd lose our freedoms and be ruled by a power-hungry dictatorship. more >>
Are you a low interest rate person? Donald Trump is. In a widely reported interview on CNBC last week, Mr. Trump emphasized that he is "a low interest rate guy."
He went on to say "if we raise interest rates and if the dollar starts getting stronger, we're going to have some major problems. If interest rates go up one percent, that's devastating."
Mr. Trump is entirely correct that higher interest rates will cause difficulty in Washington. A mere one percent increase in the interest rate will ultimately increase the burden of paying interest on the $20 trillion national debt by $200 billion annually. There are about 150 million workers in the United States. A $200 billion increase in the annual interest burden means that taxes have to be increased by $1,333 for each worker. Alternatively, Congress can choose to reduce spending on government provided services by $1,333 per worker. more >>
As in most election cycles, this year's candidates have been hawking their plans to increase the prosperity of the American public. But, when these policies are looked at closely many of them turn out to be nothing more than myths.
The Christian Post spoke with four economists, two conservatives and two liberals, to find out what mythical economic lessons were proffered by presidential candidates this election season.
Here is what they told us: more >>
The Christian Post invited all the presidential candidates of both major parties to answer the same set of 12 questions. Here are Carly Fiorina's answers.
1. Why do you want to be president and what does your personal faith have to do with your decision?
Fiorina: I think our nation is at a pivotal point. Too many people fear that we are losing the sense of limitless possibility that has always defined this nation. Margaret Thatcher — a woman I greatly admire — once said that she was not content to manage the decline of a great nation. Neither am I. I am prepared to lead the resurgence of a great nation. more >>
Back in the Sixties, President Lyndon Johnson tried to wage the Vietnam War and launch the welfare programs known as the "Great Society" at the same time.
In a classic example of the "guns and butter" tradeoff, the president was unwilling to make a decision between guns or butter. He would not reduce domestic spending and he would not cut back the growing Vietnam War.
Nor did he wish to risk popular support by increasing taxes to pay for his ambitious agenda. He simply ran budget deficits. more >>