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  • Our Subprime Federal Government, and a Lesson for the Church

    They’re at it again with credit:

    Earlier this month, a congressional oversight panel released its first analysis of the Obama administration’s $75 billion Home Affordable Modification Program (HAMP), an effort to keep 4 million families from losing their homes. The analysis shows that the Treasury, in trying to keep people in homes they can’t afford, is relying on the same perverse principle that inflated the housing bubble in the first place: namely, that it’s fine to borrow recklessly to buy a house, because house prices can only go up and up. Trying to maintain a bubble mentality, rather than help people adjust to life after the bubble has burst, will hobble economic recovery.

    If there’s one lesson from the economic disaster of the last year and a half or so, it’s that one can only expand one’s wealth on credit for so long, then things come to an abrupt halt.  It makes sense, therefore, that a salutary long-term objective would be that it’s necessary to find a system that facilitates more sustainable economic growth without the need for wide-open credit and zero savings, especially on the consumer level.

    But our government has not learned this lesson, even if that lesson would facilitate some of its own objectives, such as making us do with less and thus burning fewer fossil fuels.

    But I’d like to take this in another direction: why is Christianity in the U.S. largely AWOL on this issue?  There was a time when thrift and deferred gratification was a part of the Christian message.  Is the Scotch-Irish influence so strong that both of these concepts have been thrown out the window, even in the church?  Has prosperity teaching forced us to become riverboat gamblers with credit so we can make God (and ourselves) look good?  Is our desire to keep up with the world forcing us to keep on the world’s borrowing binge, only forced off with disasters such as the last year?  And why is a way whose ultimate purpose is eternal life so unwilling for the most part to be real “salt and light” on this issue?

    I realise there are those in Christianity who have figured this out.  But I get the feeling that the message hasn’t quite sunk in completely just yet.  As a teacher, that bothers me.

  • The Sunnis put the Squeeze on Shi’ite Iran

    Yes, they do, as was probably the case in the Jundallah bombing on Sunday:

    This brings us to Saudi Arabia, whose relations with Iran are passing through a period of mutual antipathy bordering on hostility. Tehran has alleged that Iranian hajj pilgrims are being maltreated by Saudi authorities and that Saudi intelligence is accountable for the mysterious disappearance of an Iranian nuclear scientist who was on pilgrimage to Mecca recently.

    Saudi newspapers with links to the establishment have carried in recent months extremely vituperative attacks against the regime in Tehran, often at a personal level directed against the Iranian leadership. They have almost gone into mourning now that the turmoil on Tehran’s streets following the disputed presidential election has receded. Ahmadinejad has alleged that his opposition kept up links with Riyadh in trying to bring about “regime change” in Tehran.

    Saudi Arabia has two great worries over Iran. First, that Obama is pressing ahead with the normalization process with Tehran – a “thaw” was visible at the Geneva talks on October 1- and Tehran has begun responding to US overtures. The worst Saudi nightmare is coming true.

    I’ve been watching this for a long time, but most Americans are oblivious to this.

    Middle Eastern politics are never simple.  Anyone who reads the Old Testament carefully will know this.  But Americans on both sides of the political spectrum all too easily fall into simplistic moralising on the subject.  The Obama Administration’s semi-orchestrated retreat from being a world power will bring conflicts like this to the surface.  But we’ve always been trapped in a “fight or flee” mentality, and the bill for that is going to come due in a hurry.

    As always, it’s time to pray…

  • Time to Fish or Cut Bait: The Road to Rome Just Got Easier for Anglicans

    It’s not just a road for Hillaire Belloc, either:

    In a move with potentially sweeping implications for relations between the Catholic church and some 80 million Anglicans worldwide, the Vatican has announced the creation of new ecclesiastical structures to absorb disaffected Anglicans wishing to become Catholics. The structures will allow those Anglicans to hold onto their distinctive spiritual practices, including the ordination of married former Anglican clergy as Catholic priests.

    Those structures would be open to members of the Episcopal Church in the United States, the main American branch of the worldwide Anglican Communion. American Episcopalians are said to number some 2.2 million.

    The announcement came this morning in Rome in a news conference with two Americans: Cardinal William Levada, Prefect of the Congregation for the Doctrine of the Faith, and Archbishop Augustine Di Noia, Secretary of the Congregation for Divine Worship and the Discipline of the Sacraments.

    As earlier rumours suggested, it comes in the form of a “personal ordinariate,” as opposed to an out-and-out rite, like the Eastern Rite Catholics.  Such an ordinariate would be implemented by local bishops’ conferences.

    The Vatican has made attempts to soften the blow vis-à-vis the Archbishop of Canterbury, as can be seen here.  But the true nature of this should not be concealed:

    • It’s reflective of the simple fact that the Vatican, in view of the ordination of women and the rise of open homosexuals in the Anglican Communion, has decided to take the risk of messing up ecumenical relations for all of the Communion in order to achieve unity with part of it.
    • It will force Anglo-Catholics to “fish or cut bait” on swimming the Tiber.
    • It will put the main impetus for orthodox Anglicanism in the hands of the Evangelicals, i.e., the Africans and their allies.  That is, to a large extent, already the case, but with the Anglo-Catholics headed for Rome, and able to take the easy road there, the Evangelicals will be the main ones left on the field.
    • It undermines the whole concept of the Church of England, a nationalised church under the governorship of the Queen and separate from Rome.
    • It will keep many Anglicans awake at night wondering what to do.
  • Is It Possible? Press Conference 20 October on Anglican and Catholic Unity

    More likely in a limited sense, with the Traditional Anglican Communion:

    There will be a briefing tomorrow (20 October).  Featured is the topic of relations of the Holy See with “Anglicans”.

    The main speakers will be the Prefect of the Congregation for Doctrine of the Faith, His Eminence Card. Levada and the fomer Sotto-Segretario of the same CDF, now Secretary of the Cong. for Divine Worship H.E. Augustine DiNoia, OP.

    This all makes sense if…if… this is to announce that there will be a reunion of Traditional Anglicans with the Catholic Church.  This would be in the bailiwick of the CDF.   And Archbp. DiNoia would have been involved when he was at the CDF.

    However, a group of Traditional Anglicans would also no doubt have the Anglican Use for their liturgy, and therefore having the English speaking Secretary who had been at the CDF, rather than the Spanish speaking Prefect of the CDW makes perfect sense.

    So… I suspect this is about the reunion of the so-called Traditional Anglicans.

    Speculation on the relationship between the Traditional Anglican Communion and Rome has been one of the premier parlour games in the Anglican and Catholic worlds.  There was a time when I was sceptical on this moving forward, but a new pontiff has new ideas, so we shall see.

  • Robert Reich Threatens the World With Sarah Palin

    Well, that’s what he did in the Huffington Post:

    But if Obama doesn’t weigh in forcefully and say “no” to the hush money for Big Pharma, big insurance, and the AMA, America’s middle class will get walloped. And if the walloping starts before 2012, Sarah Palin or some other right wing-nut populist will wallop Obama. And after she or he wallops Obama, America will get walloped even worse.

    And it’s on this account:

    Last January, as I understand it, the White House promised Big Pharma, big insurance, and the American Medical Association the moral equivalent of what Joel Halderman allegedly demanded of David Letterman: hush money. The groups agreed to stay silent or even be supportive of healthcare reform, as long as they were paid off.

    But now that it’s time to collect, the bill is larger than the White House expected, and it’s going to fall like an avalanche on middle class Americans in coming years. That could mean an ugly 2012 election (read Sarah Palin).

    So the President has to do what Letterman did: Refuse to pay.

    I actually agree with Reich on one thing: in putting this health care thing together, this administration and its co-conspirators in Congress have worked too hard to pay off too many moneyed interests.  He’s also right that giving these interests free rein in a controlled market will prove expensive, and will lead to a backlash.

    Where I disagree is the solution.  We need to have more competition and choice by individuals, which is the essence of John Mackey’s plan (which the left trashed, to its shame.)  Make ’em work in a more competitive environment.

    Perhaps invoking Sarah Palin will get the left off of its duff on this.  Perhaps not.

  • To Leave is to Die a Little. From the U.S., It’s Expensive.

    About two years ago I quoted the French poet Edouard Haraucourt and his line “Partir, c´est mourir un peu” (to leave is to die a little) relative to the Episcopal (or any) church.

    That quote is what struck me in Charles Rubin’s summary of the IRS’ rules on Americans who become expatriates:

    • The Code requires expatriates to recognize gain or loss as if they sold all their assets for fair market value on the day before expatriation. A $600,000 exemption against gain is provided (adjusted for inflation). The guidance confirms that the expatriate gets a full adjustment in basis for the gain or loss to be used in regard to future gain or loss computations for those owned assets, even for assets whose gain is reduced under the exemption. Losses will reduce basis (apparently even if losses are not deductible under the Code).
    • The guidance confirms that assets owned under the grantor trust rules will be subject to the deemed sale rules.
    • The $600,000 exclusion is allocated among all gain assets pro-rata to the built-in gain of such assets.
    • Only one lifetime $600,000 exclusion will apply (that is, if an expatriate becomes a U.S. taxpayer in the future and then a covered expatriate again).

    And, I would think, this would apply to people who emigrate, too.

    It’s dangerous to attempt to read logic into IRS regulations (although some people make a nice career out of it.) But what strikes me about this is that the IRS (acting under the direction, more or less, of Congress) seems to be equating leaving the U.S. with dying.  The exclusions and what not are the same kind of thing one runs into in estate planning (although the ride between now and 1 January 2011 is going to be a wild one in that regard.)

    This state of affairs, IMHO, is a result of a perfect storm that hits Capitol Hill every now and then: a situation where the left and right agree on something, albeit for different reasons.

    Conservatives, in principle at least, think that leaving the U.S. is unpatriotic and thus morally reprehensible.  I find this odd: people who put on their bumper stickers “Love It or Leave It” need to make it easy for the latter to take place so the rest of us can move forward patriotically.

    Liberals fear capital flight.  Like their Latin American counterparts, they instinctively sense that their regulatory and fiscal maze will inspire people to take the money and run, and they can’t finance a welfare state if those with wealth do so.  So they make leaving difficult.  People equate such “banana republic” logic to Barack Obama’s administration, but you don’t make a banana republic in a day.  This has been building for a long time.

    Back in the late 1980’s, my church helped to resettle a number of Ukrainian Pentecostal refugees.  As they left the old Soviet Union, the authorities would ransack their 40 kg of belongings (that was the limit) for gold, jewellery, and the like.  The Soviets too worried about capital flight.  The Pentecostals are a hard working and enterprising bunch, though, and as a group have done well on these shores.

    I get the feeling that our government’s trend is turning this place into a prison.  Restricting exit is a large part of making that a reality.

  • Rush Limbaugh and the NFL: Why Not?

    The flap over Rush Limbaugh’s exclusion from a share of the St. Louis Rams is absurd.

    American football has to be the worst place in our culture for liberals to make a stand like this.  It is:

    1. Competitive, in a culture where cooperation has been deemed to be the norm.
    2. It has winners and losers, in a culture where no one is supposed to lose.
    3. It is violent; the left is supposed to be anti-war and anti-violence.
    4. It accelerates brain damage when intellectual genius has been deemed to be the ne plus ultra of life (but see this.)
    5. It’s a distinctively Southern emphasis kind of sport; liberals hate the South.
    6. It takes away people from soccer, which we imported and which is, by virtue of it being an import, superior.

    Rush Limbaugh and American football are made for each other.  By their own principles, liberals need to be trying to abolish football rather than keeping Rush Limbaugh out of it.  But such slips of principle are one reason why I don’t embrace liberalism.

  • Making Limousine Liberalism the Norm

    That’s what American Prospect’s Mark Schmitt is thinking about in his article “Left Without Labour:”

    The new progressive coalition follows the lines of the “emerging Democratic majority” that Ruy Teixeira and John Judis predicted in their 2002 book of that name: minority, professional, and younger voters, with help from a large gender gap. This is a coalition that can win without a majority of white working-class voters, whether union members or not. (Those who were union members were always solid Democrats.) In many ways, that’s good because it helps to bring an end to the culture wars that limited the party’s ability to speak clearly about matters of fundamental rights and justice.

    But it’s also dangerous. A political coalition that doesn’t need Joe the — fake — Plumber (John McCain’s mascot of the white working class) can also afford to ignore the real Joes, Josés, and Josephines of the working middle class, the ones who earn $16 an hour, not $250,000 a year. It can afford to be unconcerned about the collapse of manufacturing jobs, casually reassuring us that more education is the answer to all economic woes. A party of professionals and young voters risks becoming a party that overlooks the core economic crisis–not the recession but the 40-year crisis–that is wiping out the American dream for millions of workers and communities that are never going to become meccas for foodies and Web designers.

    It is dangerous, and it illustrates the basic problem with American liberalism: it’s elitist, and as a consequence out of touch with the reality that people face.

    An American left which decouples its message from economic inequity–or the class struggle, as those of a Marxist bent refer to it as–has a serious legitimacy problem.  And, as this country’s ability to “defy gravity” with its prosperity gets lost with receding dollar hegemony, contracting credit and an expanding government, those inequities will work their way up people’s consciousness.

    Part of the problem is with the trade unions themselves.  They sell themselves as the authentic representatives of America’s working class, but in reality they’re focused on their own people with many years of service.  And they can be racist when they take the notion to be that way.

    When–not if–the left finds it convenient to completely divorce itself from its proletarian support base, whoever has the wit to mobilise it–with or without the trade unions–will be a powerful force in American life.  But that’s going to take a political realignment beyond what the current players can envision.

    Schmitt shows he too can be myopic about working people.  He speaks of those who earn US$16/hour as being the “the real Joes, Josés, and Josephines of the working middle class.”  He ought to start with those who can’t even get out of the single digits on an hourly basis.

  • It’s Time to Blow Off Jack Spong, Too

    He’s blowing off many of us, as he does here:

    ‘I have made a decision. I will no longer debate the issue of homosexuality in the church with anyone. I will no longer engage the biblical ignorance that emanates from so many right-wing Christians about how the Bible condemns homosexuality, as if that point of view still has any credibility. I will no longer discuss with them or listen to them tell me how homosexuality is “an abomination to God,” about how homosexuality is a “chosen lifestyle,” or about how through prayer and “spiritual counselling” homosexual persons can be “cured.”

    And he goes on…and on…and on.

    One of my oldest articles for this site was When Church Becomes Pointless, which features Jack Spong.  Nothing in the twelve intervening years has changed my mind about the subject.

    Personally, I think that Jack Spong is one of those Southerners who was so “traumatised” by his conservative upbringing that he has spent the rest of his life inflicting the pain of this on everyone else.  (Another is anti-fundamentalist James Alexander, who cut me off when he could not properly answer my questions.)  But I find myself no longer able to sympathise with such people.  I find them tiresome.

    Spong thinks that he has won the debate.  But his triumphalism is misplaced.  Forces far beyond his willingness to understand are working to pull the plug on the nice little world he thinks is winning.

  • Bishops: A Luxury the Church of England Can’t Afford

    As my own church ponders the number of Administrative Bishops it needs, the Church of England shows everyone how to bloat the episcopal budget:

    The running costs of the Church of England’s 113 bishops increased by £2 million, or 13.5 per cent, to £16 million last year at a time when the Church has been telling the nation to embrace a more lowly life.

    The bishops spent £1.3 million on travel in a period when the Church’s own assets dropped from £5.67 billion to £4.36 billion during the credit crunch.

    As many of the bishops’ own costs increased, in repeated Lent campaigns they urged worshippers to turn off televisions, lights and use charity shops to save both cash and climate.

    The blunt truth is that 113 bishops is simply too many for the shrunken attendance (and resulting income) in the UK’s state church.

    I think the corporate term for this is “top heavy.”

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