Surviving and even thriving in the midst of today's economic upheaval is the challenging task we all face. Many churches in addressing financial matters will focus on the area of giving the tithe, which is paramount, yet oftentimes overlook what God says about handling the other 90 percent. As a result, millions of people look to financial counselors like Dave Ramsey and Suze Orman or secular forecasters for guidance and help.
Here's the deal as we close out this year: God wants to both encourage and instruct all of us (myself included)to be ever looking to Him as our ultimate Provider in addition to being better financial stewards so we can glorify Him and be channels of blessing to others in need.
This is personal for my wife and me as we find ourselves closing the year without any more partial salary from a local church, health insurance, cell phone coverage or any perks that have been part of my ministry for over 41 years. This is by divine design as God recently transitioned me from a local church involvement "because of the impending distress" (1 Cor 7:26) coming upon America to serve the wider Body of Christ in our desperate need for spiritual awakening and assurance as children of God. 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 >>
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 >>
After 16 days of political brinkmanship, lawmakers passed a temporary funding plan that raised the debt ceiling and reopened the federal government.
But now, the nation is just barreling toward a new set of deadlines -- lawmakers have until January 15 to deal with the budget and February 7 to deal with the debt ceiling. Until Congress sets the country on stable financial footing for the long term, we're bound to play this game over and over again.
As lawmakers begin negotiations, the conversation must start with tax and entitlement reform. This begins with Medicare and Social Security, as they're the most pressing challenges facing our country. more >>
In a scorching critique of a speech in which Sarah Palin compared the national debt to slavery, MSNBC host Martin Bashir suggested that perhaps someone should poop and urinate in the mouth of the former governor of Alaska and GOP vice presidential nominee.
Mocking her as "America's resident dunce" for using the analogy, Bashir played a clip of the remarks Palin made two Saturdays ago while promoting her book, Good Tidings and Great Joy: Protecting the Heart of Christmas, at the annual Iowa Faith and Freedom Conference.
"Our free stuff today is being paid for today by taking money from our children and borrowing money from China," she explained. more >>
The Dodd–Frank Wall Street Reform and Consumer Protection Act, sarcastically known as Dodd-Frankery and Dodd-Frankenstein, was passed into law in response to the financial crisis and recession of 2008. It contains the most drastic changes to financial regulations since the regulatory reform after the Great Depression. Proposed by Obama in 2009 and signed into law in 2010, the Democratic bill was the handiwork of former Financial Services Committee Chairman Barney Frank (D-Mass.) in the House and former Banking Committee Chairman Chris Dodd (D-Conn.) in the Senate. It was supposedly going to stop banks from making loans to risky buyers who could not pay them back, reducing foreclosures. It was also supposed to change the rules so banks could no longer receive taxpayer-funded bailouts due to their poor business practices.
It hasn't worked out the way its Democrat proponents claimed. This is because the people who got us into this mess are the same ones who drafted the law. Dodd-Frank contains more of the same things that precipitated the financial crisis; government meddling in the mortgage business and financial markets. Lobbyists for special interests carved out loopholes, resulting in merely different lists of winners and losers. As one author in U.S. News & World Report observed, "These exemptions are less about protecting unsophisticated borrowers than about protecting the taxpayer-guaranteed business models of favored entities." Hedge funds and some other firms lost big; they are now required to fill out a 192-page form that has been estimated to cost each firm $100,000-$150,000.
Speaking of winners or losers, most outrageously, Dodd-Frank didn't bother to reform Fannie Mae or Freddie Mac, the biggest culprits for handing out mortgages to high-risk borrowers who should never have qualified for them. They received the largest bailouts of all financial institutions in 2008. more >>