Congress and President Obama have delayed some of the nation's toughest decisions until after the election. With the election now over and Americans choosing the status quo – a Democratic president, Democratic Senate and Republican House – political leaders will need to work together before the nation falls off the fiscal cliff.
A slew of tax cuts are set to expire at the end of the year, including the payroll tax "holiday," income tax cuts and a capital gains tax cut. The child tax credit for parents is slated to be reduced from $1,000 to $500. And, tax increases on companies that make health products will begin next year as part of the Affordable Care Act.
Automatic spending cuts are also supposed to go into effect at the beginning of the year – $55 billion in defense spending and $55 billion in non-defense spending, due to the Budget Control Act of 2011. more >>
The exit polls for Tuesday's election show President Barack Obama doing better with Latinos than he did in 2008, and Mitt Romney doing better with white evangelical Christians than John McCain did in 2008.
Though not enough to win, Romney was better than McCain's 2008 showing in almost every demographic category. Obama was helped by a strong Democratic and Latino turnout.
I know that I'm supposed to say that God is in control and that we should simply pray for our president and put our faith and trust in the sovereignty of God, but I'm not going to.
This seems like I'm backtracking on statements made in my previous column "America Needs a Different Type of Leader," where I said that regardless of who wins this election, we must remember that Jesus is the King on His throne both in Heaven and in our hearts. I'm not backtracking. I believe that with all of my being.
But for those who seek to live according to the Word of God by the power of the Holy Spirit, these astonishing election results should cause us to fall to our knees and grieve for our nation. Colorado has legalized recreational use of marijuana, while Massachusetts, Maryland, and Oregon have approved it for medical usage. Maine, Maryland, and Washington have legalized homosexual marriage. And Massachusetts has also joined Oregon and Washington in allowing euthanasia. It has become clear that in every instance where Biblical values were up for a vote, the American people have chosen to reject them. This election goes so much deeper than just who was elected president for the next four years. This election was a barometer of the soul of America, and America is in critical condition. more >>
Election Day on Twitter became the most tweeted about event in U.S. political history with 20 million tweets. By late Tuesday evening, Twitter announced that there was a spike of 327,453 tweets per minute when TV news networks declared that President Barack Obama had been re-elected shortly after 11 p.m. EST.
Even though Twitter traffic was expected to be high, no one really knew how the popular social media bird would handle the volume that was double the previous high water mark of 10 million tweets during the first of three presidential debates.
In the early evening, when election results first started to roll in, Jay Kranda, pastor of Saddleback Church's online campus, tweeted from somewhere in Southern California: "States are already being called. Its going to get interesting. I hope Twitter breaks. #election2012." more >>
The Rev. Franklin Graham, son of the famous evangelist the Rev. Billy Graham, has stated that he believes that America is on a "path of destruction" due to yesterday's election results.
In an interview with CNN last night, Graham explained that the path he was referring to involved, among other things, the legalization of same-sex marriage.
"If we are allowed to go down this road in the path that this president wants us to go down, I think it will be to our peril and to the destruction of this nation," Graham said. more >>
Whether you voted for Mitt Romney or Barack Obama, whether you're recovering from your all-night celebration or drying the tears from your pillow, today's a good day, as Chuck Colson reminded us, to heed these words of the Apostle Paul: "I urge, then, first of all, that requests, prayers, intercession and thanksgiving be made for everyone-for kings and all those in authority, that we may live peaceful and quiet lives in all godliness and holiness" (1 Timothy 2:1-3).
As I record this, I don't know the outcome of yesterday's voting. But I'm sure of one thing, whether the president's last name is Romney or Obama, he will need our prayers, because he and his administration face huge, serious challenges to the health of our nation and to peace in the world - challenges that we cannot overcome without divine aid.
Think about it. At home, the economy is still sluggish, to say the least. We face the so-called "fiscal cliff" and sequestration. Economists and politicians on both sides of the aisle are telling us this would be an economic disaster for the nation. And speaking of disasters, there's the national debt. more >>