Central Bank Digital Currency

Kerby Anderson
Two months ago, I talked about the push toward central bank digital currencies in several countries, including our own. Earlier this month, John Stossel sat down with Governor Ron DeSantis. One of the topics was the US government’s plan for a central bank digital currency.
The governor makes it very clear what he thinks about a CBDC. He warns, “Sometimes government does things that may appear to be benevolent but really are kind of like a wolf in sheep’s clothing.” Instead, he says, “This is a wolf coming as a wolf.”
The Biden administration says a CBDC will “protect consumers, investors … and the environment.” The governor responded that the last statement is a “tell.” The government, he argues, would impose certain criteria. “You’re filling up too much (with gas). Wait a minute — climate change. You can’t be doing that! You bought another firearm?”
Lest you think that would never happen, let me remind you about what happened in Canada to the truckers protesting the vaccine rules. The government blocked their bank accounts. That would be even easier with a CBDC.
Ron DeSantis also questions the legality of a CBDC. “The Federal Reserve has come out and said, we would only do it after consulting with the legislative and executive branches. Ideally, we’d get specific congressional authorization.” The governor responded that this isn’t just ideal, it is constitutionally required.
This debate will end up in Congress. Senator Elizabeth Warren argues that “Legitimate digital public money could help drive out bogus digital private money.” Senator Ted Cruz has already introduced legislation to prohibit the Federal Reserve from developing a central bank digital currency.
It’s time for debate to begin in Congress on the future of digital currency.

Central Bank Digital Currency Read More

Dirty Dish Rule

Kerby Anderson
The Biden administration is taking aim at nearly every appliance in your home. Three months ago, I talked about the gas stove controversy. But that is just one example of how the proposed Energy Department standards will affect your home. The administration has proposed or finalized new standards for ovens, microwaves, refrigerators, and laundry machines. This is in addition to other rules that will affect furnaces, air conditioners, and lightbulbs.
The latest set of rules will apply to dishwashers. The editors of the Wall Street Journal refer to these as “The Federal Dirty Dish Rule.” The regulations are an attempt to make dishwashers more efficient in terms of energy and water. New appliances must cut energy usage by 30 percent and reduce water use from 5 gallons to 3.2 gallons.
A little history is in order. Back in the Obama administration, dishwasher regulations raised the average price of a machine nearly $100. But trying to make dishwashers more energy and water efficient didn’t make them more efficient at cleaning glasses, dishes, and utensils. One consumer complained that it’s “ridiculous that dishwashers I had years ago worked better than the high-tech ones today.”
Slowing dishwashing times is also a complaint. To meet higher efficiency standards, the machines recirculate water in longer cycles. A typical run time can be two or three hours. Once the cycle is over, many owners may decide to run the dishwasher again. That seems to undermine the administration’s goal of energy and water conservation.
According to the US Energy Information Administration, nearly 20 percent of American households own a dishwasher that is never used. I think it is time for the government to rethink their “dirty dish rule.”

Dirty Dish Rule Read More

Woke Medicine

Kerby Anderson
Wokeness can be found in just about every academic discipline including the recent revelations of woke science. If there is anything more dangerous, it is “woke medicine.” The attack on meritocracy is well documented in Heather Mac Donald’s book, When Race Trumps Merit.
As important as the book is, the danger is driven home by Ann Coulter’s column, “No Biggie, Just the End of Civilization.” Many institutions have dropped their standards, but she decided to focus on the impact on medicine. For example, “the American Medical Association, the American Association of Medical Colleges and the American Association of Pediatrics have all agreed that medicine is racist.” You can find lots of articles in science journals and medical journals talking about racism.
The solution is to lower standards or change standards for medical school. Heather Mac Donald writes “the average score for white applicants on the Medical College Admission Test was in the 71st percentile … The average score for black applicants was in the 35th percentile – a full standard deviation below the average white score.”
Therefore, we shouldn’t be surprised that “medical schools responded by dropping the MCAT for black and Hispanic students.” One medical school offered these students admission based on their “strong appreciation of human rights and social justice.”
One medical institute announced it would spend $2 billion. Was it to find a cure for brain cancer? Parkinson’s disease? Heart disease? No, the $2 billion was set aside to promote “diversity and inclusion in science.”
I think you would agree with me that when it comes to various professions like medicine, I want doctors, nurses, and other health care professionals selected for their expertise not for their skin color.

Woke Medicine Read More

Deep State

Kerby Anderson
David Bernhardt reveals that “The Deep State Is All Too Real.” He should know since he has worked in the government as a cabinet secretary and writes about it in his new book. He says we have “two competing conceptions of American governance: the version students are taught in the classroom, and the one that exists in the real world.” Unfortunately, more and more rules and regulations are being made by the administrative deep state rather than by Congress.
Much of this began in the 1930s when Congress delegated much of its lawmaking authority to the executive branch. Federal agencies issue regulations that have the force and effect of law. And to make matters worse, the Supreme Court’s Chevron doctrine encourages courts to defer to executive branch interpretations of the law.
You might then reasonably ask, where is any accountability? He reminds us that the federal government has 2.2 million civilian employees, but only 4,000 of them are political appointees the president can remove. In other words, career bureaucrats (who were not elected by the American people nor appointed by the president) make major policy decisions.
In my booklet, A Biblical View of the Deep State, I dismiss the idea that the federal bureaucracy is like a military unit (where every order is routinely obeyed). Instead, the bureaucracy is often more like a university faculty (where many have their own ideas about what should be done).
David Bernhardt does provide some hope. In 2020, President Trump issued an executive order that would let the president remove certain federal employees in the bureaucracy. The Supreme Court will hear arguments for a case that would force the judges to reconsider Chevron defense.
These two actions might return the American government back to some necessary checks and balances.

Deep State Read More

Lights Out

Kerby Anderson
Economist Stephen Moore wonders if the goal of President Biden and his administration is to turn out all the lights. His climate change agenda is forcing us to buy a certain type of lightbulb and to use a certain kind of energy. In the end, we may not have enough electricity to keep the lights on or to keep electric cars moving.
A few weeks ago, the Biden Administration proposed limits on tailpipe emissions that would essentially require two thirds (67%) of all new vehicles sold in the US by 2032 to be all-electric. But the latest polls show that nearly half of all Americans don’t want an electric car and only 6 percent of drivers are buying them.
Stephen Moore says “that was child’s play compared to the latest Biden scheme to shut down as many as half of our electric power plants across the country. These are the plants that charge those Tesla batteries and cellphones. They also keep the lights on in our factories, schools, hospitals, stores, and homes and power the internet.”
On one hand, the administration is working to force more Americans to drive electric cars. On the other hand, the same administration is pushing a plan that would shut down most of the nation’s gas-fired and coal-fired plants that provide electricity. Stephen Moore asks, “Where are we going to get the electric power to charge 150 million EVs every night? From windmills?”
We need more power plants to generate electricity, not fewer. Even if these power plants do not shut down, the administration says they will have to pay for carbon offsets to justify any carbon emissions. Guess who will pay for that? You, the consumer, will pay for that with higher utility bills.
I believe these administration policies will turn the lights out on our economy.

Lights Out Read More

Spending and Revenue

Kerby Anderson
The Federal government is running out of money and needs to raise the debt ceiling. But the debate centers on whether Congress can bring some controls on spending before raising the debt limit. The argument for spending controls was strengthened by the latest numbers from the Congressional Budget Office for the month of April.
April is usually the best month for the federal government since that is when tax payments are due for the previous year. But the April 2023 budget surplus fell by $135 billion from April 2022. When you include various adjustments, the decline was $275 billion. That means higher budget deficits for the rest of the year.
The primary reason for the mounting deficit is spending, which is up 12 percent in the first seven months. Entitlements are up 11 percent, while education spending is up 56 percent.
The other reason for the increasing deficit is decreasing revenue to the Federal treasury, which fell by 10 percent. Individual income taxes fell 18 percent.
Here’s a quick summary. Spending has increased significantly, while revenue has decreased. And the president and many Democrats do not want any spending decreases tied to what they feel should be an automatic increase in the debt limit. Does that make any sense to you?
By the way, it gets worse. Interest on the national debt rose 40 percent. That is due to the Federal Reserve raising interest rates. That portion of the Federal budget is growing faster than any other area. And borrowing more money in the future will also be more expensive.
The national debt is larger than our nation’s Gross Domestic Product. Federal spending is up, and federal revenues are down. And the cost of borrowing more money is increasing significantly. That’s why it is time to rein in spending.

Spending and Revenue Read More

More Woke Science

Kerby Anderson
Until recently, reading articles in Scientific American was an important way for those of us who love science to keep up with research trends. That isn’t the case anymore. Last year at this time, an article in Scientific American argued against banning gender-reassignment surgery because it ignores the health benefits to trans people.
This month, Scientific American published an essay by a Princeton professor with the provocative title, “Here’s Why Human Sex Is Not Binary.” He starts with a statement we can accept that “ova don’t make a woman, and sperm don’t make a man.” That is true, but the rest of the essay strains at trying to make the case for sex being more than male and female.
It is hard to imagine two decades ago an essay like this showing up in a scientific magazine. But I was encouraged to read some of the reactions to this essay that are summarized in an article by Joshua Klein.
Colin Wright fumes “This new piece . . . arguing that ‘Human Sex Is Not Binary’ is so poorly argued I’m embarrassed on his behalf. I don’t even know if it even qualifies as ‘pseudoscience’ because it’s just so supremely confused.”
Another on Twitter exclaimed, “Another load of balderdash published in Unscientific American. Where do they dig up these grifters?”
Stephen Knight proclaims, “This is insane. This article attempts to argue that by using objective biological criteria to differentiate between the two human sexes (large gametes or small gametes), we are actually just ‘trying to restrict who counts as a full human in society.’”
It’s good to see this backlash from scientists who haven’t lost their common sense and scientific integrity.

More Woke Science Read More

Christian Worldview

Kerby Anderson
What does the word “Christian” mean these days? It doesn’t seem to mean very much. The last few reports from George Barna’s Cultural Research Center at Arizona Christian University reveal that a very small percentage of American Christians have a Christian worldview.
Nearly seven in ten (69%) of Americans self-identify as Christian. Yet only about 4 percent of Americans have a Christian worldview. George Barna explains, “Christian has become somewhat of a generic term rather than a name that reflects a deep commitment to passionately pursuing and being like Jesus Christ.”
The self-identified Christians may embrace many basic doctrines of the Christian faith, but then diverge on one or more important issues. For example, a significant number deny the idea of objective truth rooted in Scripture. They deny the existence of absolute truth, and thus make their decisions based upon relative ethics and personal experience
Most Christians may say they believe in the Bible and the gospel message. But they also indicated on their surveys they believe people are basically good. Of course, if people believe they are good, then they may not believe in sin and the need for a savior.
If you look at the cultural issues, you find even more discrepancies between their views and a Christian worldview. These differences in biblical beliefs will then manifest themselves in the widely divergent views today among American Christians on questions of morality and politics. This includes divergent views on sex, marriage, family, and abortion. Those, in turn, affect how American Christians vote on candidates and key political issues.
If you are a pastor or Bible teacher, you need to get back to the basics. It is likely that many of the people you teach do not have a Christian worldview. They need your biblical teaching and biblical discipleship.

Christian Worldview Read More

How Many LGBTQ?

Kerby Anderson
Each year I teach second-year students at a bible school a class on homosexuality. One of the questions we discuss is what percentage of the population is homosexual. I quote from studies done by the University of Chicago and the Alan Guttmacher Institute which put the percentage around 2 percent. Then I show the students a Gallup poll that found US adults estimated that 25 percent of Americans are gay and lesbian. Of course, those estimates are off by an order of magnitude.
We now have articles quoting the Youth Risk Behavior Surveillance System of the CDC that estimates that only 75 percent of American high-school students now identify as heterosexual. The headlines and articles therefore claim that 25 percent are LGBTQ.
In a recent commentary, Wilfried Reilly raises some significant questions. First, “there is simply no genetic or biological explanation for a surge like this one.” This is significantly different from the many studies I have quoted in the past.
Attempts to argue that this is due to “increased social tolerance for gays” does not hold either, especially when you consider that many other European countries have been even more tolerant of LGBTQ. I think a better explanation is social contagion, which I have discussed in relation to transgenderism in previous commentaries.
Andrew Sullivan is a prominent gay columnist and provides this answer. “The most plausible explanation is that everyone wants to be LGBTQ now — so why not lie and be cool? Only problem is that this makes the LGBTQ community majority straight.” As you can tell, he doesn’t believe the 25 percent headlines and doesn’t think this is helpful to his gay agenda.
There is no reason to believe the 25 percent claim. It reminds me of the Gallup poll estimate from many years ago.

How Many LGBTQ? Read More

Why the West Won

Kerby Anderson
Historian Nial Ferguson begins his PragerU video with a lament that few students graduate from college with any idea of what makes Western Civilization different from the rest of the world. In his video with the title, “Why the West Won,” he summarizes a few key points from his book, Civilization: The West and the Rest. He explained that western civilization succeeded because of six killer apps—competition, modern science, the rule of law, modern medicine, the consumer society, and the work ethic.” These are the secret sauce of Western Civilization.
You may not have time to read his book, therefore, I suggest you take five minutes to watch the video. And since these ideas aren’t being taught in the universities today, you might share the video with some young people.
These are the six killer applications. The first was economic and political competition. The second was the scientific method. All the major 17th century breakthroughs happened in Western Europe. A third application was the rule of law and representative government. This included private property rights and representation of property owners in elected legislatures.
The fourth was modern medicine. Nearly all the 19th and 20th century breakthroughs in health care were made by Western Europeans and North Americans. Fifth was the consumer society. The industrial revolution took place because there was both a supply and a demand. Sixth was the work ethic. Westerners worked harder and saved more of what they earned. This led to capital accumulation which in turn led to investment in the wonders of modern technology.
These six killer apps made the West successful and have now been downloaded to other countries as well. That is why the west won.

Why the West Won Read More

Equity vs Equality

Kerby Anderson
Leftists have redefined many key terms to push their radical agenda. One of those words is the word “equity.” We traditionally understood the term to mean equality. You can even find this word in the Bible. But in our modern culture, equity doesn’t mean equality of opportunity but equality of outcomes.
Activists push DEI, which stands for Diversity, Equity, and Inclusion. At universities DEI bureaucracies have grown significantly. A study by the Heritage Foundation found 163 DEI personnel at the University of Michigan, 94 at the University of Virginia and Ohio State, 86 at the University of California, Berkeley, 83 at Virginia Tech, and 80 at Stanford. I recently wrote about the behavior of the DEI Dean at Stanford, who has now been put on leave.
Jack Miller in a recent column writes about “Equity’s War on Equality.” The equity agenda is making its way into K-12 schools across the country. In some schools, honors classes are being eliminated so as not to “perpetuate inequality.”
He laments that “teachers are simply slowing down instruction for everyone. Students are increasingly taught at the lowest common denominator rather than being challenged to do their best.” Motivated students complain that often the students slowing them down are unmotivated and have no desire to try harder.
Jack Miller does have some good news. Parents are mobilizing at the ballot box and at school board meetings. “They do not want to sacrifice academic excellence for grand social experiments. They want their kids to become educated and ambitious, not indoctrinated, and complacent.”
Equity, the way it is currently being defined, is not equality. Rather it is an attack on meritocracy and keeping gifted and motivated students from doing their best.

Equity vs Equality Read More

Racist Coffee?

Kerby Anderson
Periodically I must remind my listeners that you should pay less attention to what people say and more attention to what they do. Climate change activists encourage us to lower our carbon footprint while flying to conferences in private jets. Progressive politicians warn that global warming will raise the level of oceans yet live in homes next to the shore. Liberals claim there is a rape epidemic on college campuses, but still send their daughters to the university.
The latest claim is that “coffee is racist, and drinking coffee perpetuates white supremacy.” Therefore, argues the author, “It’s time to boycott and divest.”
According to the article, “Coffee first came to North America and Europe between 1650 and 1700. But coffee was an important, almost religious, part of Black culture going as far back as the 1400s in Ethiopia. After the whites got the first sip of the Black delicacy, they brutally enslaved people of color to keep up with demand, turning a ritualistic drink into another consumer product in the colonial capitalist machine.”
I don’t know how much of that can be verified by historians, but let’s assume it’s all true. The argument is that by consuming coffee you are helping an industry built on racism. By consuming coffee, you are perpetuating white supremacy.
Now for the more important question: do you think we will see a massive boycott of coffee over the next few months? I doubt we will see a dent in the coffee business, and if there is any decline in coffee sales it will pale in comparison to the number of people who no longer buy Bud Light.
The article may claim that coffee is racist and call for a boycott. But I doubt we will see any boycott. Once again, we can see the value of paying more attention to what people do rather than what they say.

Racist Coffee? Read More

Heckler’s Veto Fee

Kerby Anderson
Perhaps you have heard of the “heckler’s veto.” This occurs when someone who disagrees with a speaker’s message triggers actions or protests to disrupt the event and get the speech cancelled. We have seen this tactic on university campuses primarily used against conservative speakers.
I thought of this tactic when I read about the controversy surrounding expensive security fees charged against Turning Point USA at a Texas university just thirty miles from my radio studio. The administration charged the conservative group $28,000 for security, without obtaining permission for the charges.
The justification for the huge charges apparently was based upon “subjectively evaluating possible actions in which protestors might engage.” It doesn’t appear that any major protest took place. But consider the precedent this might set. If the university administration thinks a particular speaker or conference might draw protestors, they would feel free to charge huge amounts for security.
The ADF has written to the campus police about their actions because the university charged “outrageous security fees for two small campuses events simply because of fear of how others might react.” And they argued that this security fee is essentially a heckler’s veto.
I suspect this might become a new tactic used by radical groups. Threaten a protest or even a riot, and the university feels the need to charge the sponsoring group so much that the group must cancel.
Over the years, I have scheduled speakers to address controversial topics like climate change, radical Islam, and gender confusion. If I was confronted with such an outrageously expensive bill, I would probably have to cancel. This might become a new tactic to silence free speech.

Heckler’s Veto Fee Read More

Inflation Conditioning

Kerby Anderson
While looking at various headlines and reading many of the news articles, I noticed a trend that should be highlighted. It appears we are being conditioned to accept high inflation and become resigned to a poorer standard of living.
A headline last year predicted, “Inflation’s New Normal Will be 4%. Get Used to It.” Her prediction was right. Inflation has been with us and will continue to be with us. Another headline reported that “Consumers Are Getting Used to Higher Inflation.” He assumed that workers would demand higher wages to keep up with inflation. As I mentioned in a previous commentary, wages have not kept up with inflation.
The most recent headline came from a podcast in this country done with the Bank of England’s top economist. He said people in the UK need to accept that they are poorer. He lamented there was a “reluctance to accept that, yes, we’re all worse off.” He was concerned that people demanding pay increases and businesses raising prices will fuel more inflation. Fortunately, the article also quoted another economist that pointed to the “massive expansion” in the money supply as a reason for inflation.
Missing from these stories is who benefits from inflation and who is hurt by it. Remember the classic quote, *“Inflation is the surest way to fertilize the rich man’s field with the sweat of the poor man’s brow.” Increasing prices harm the poor more than the rich, and inflation is stealing the wealth of everyone as the dollar devalues.
God condemns Israel in Isaiah 1:22 by saying, “Your silver has become dross, your best wine mixed with water.” People were cheating each other by adding cheaper metals to their silver and by adding water to their wine. That is why we should NOT be conditioned to accept inflation.
*The quote is credited to Charles Holt Carroll, but also attributed to Daniel Webster.

Inflation Conditioning Read More

Generational Judgmentalism

Kerby Anderson
Many critics in the current generation are making unfair judgments about past generations with an air of moral superiority. I call it generational judgmentalism. Victor Davis Hanson merely says that these critics are self-important and ungracious and have very little gratitude for those in the past that did so much for all of us.
He observes that these “21st-century critics rarely acknowledge their own present affluence and leisure owe much to history’s prior generations whose toil helped create their current comfort.” Of course, we could also add the millions buried in military cemeteries who fought and died for the freedoms we enjoy today.
He also asks several important questions. “What will our grandchildren say of us who dumped on them over $30 trillion in national debt—much of it as borrowing for entitlements for ourselves?” Another is, “What sort of society snoozes as record numbers of murders continue in 12 of its major cities?”
One of the key buzzwords for this generation is “infrastructure.” But Hanson wonders “when was the last time it built anything comparable to Hoover Dam, the interstate highway system, or the California Water Project—much less sent a man back to the moon or beyond?”
It is easy to criticize previous generations while using today’s standards of morality and behavior. It is easy to forget the struggles previous generations had to face because they were not blessed with the numerous technological advances we enjoy today.
It’s easy to tear down. It’s not so easy to rebuild. These are the questions we need to ask of the critics bent on destroying society. They don’t seem to offer anything significant in its place.

Generational Judgmentalism Read More

Day of Prayer

Kerby Anderson
Today is the National Day of Prayer. It is a vital part of our American heritage. The first call to prayer happened before the American Revolution. In 1775, the Continental Congress called on the colonists to pray for wisdom as they considered how they would respond to the King of England.
Perhaps one of the most powerful calls to prayer came from President Abraham Lincoln during the Civil War. In 1863, he issued a proclamation for a day of “humiliation, fasting and prayer.” Here is some of that proclamation:
“We have been the recipients of the choicest bounties of Heaven. We have been preserved, these many years, in peace and prosperity. We have grown in numbers, wealth and power, as no other nation has ever grown. But we have forgotten God. We have forgotten the gracious hand, which preserved us in peace, and multiplied and enriched and strengthened us; and we have vainly imagined, in the deceitfulness of our hearts, that all these blessings were produced by some superior wisdom and virtue of our own. Intoxicated with unbroken success, we have become too self-sufficient to feel the necessity of redeeming and preserving grace, too proud to pray to the God that made us.”
In 1952, Congress passed and President Harry Truman signed a resolution that declared an annual, national day of prayer. In 1988, President Reagan signed into law a bill that designated the first Thursday of May as the time for the National Day of Prayer.
It is estimated that there have been more than 130 national calls to prayer, humiliation, fasting, and thanksgiving by presidents of the United States. There have been 60 Presidential Proclamations for a National Day of Prayer because every president has signed these proclamations.
Today is the National Day of Prayer. Please pray for this nation and its leaders.

Day of Prayer Read More

Unfavorable Faith

Kerby Anderson
A recent poll by Pew Research Center discovered that 27 percent of Americans view evangelicals as the most unfavorable faith. They also discovered that Jews ranked as the most favorable religious group.
The poll asked Americans to rank six of the mainstream religious groups. Those were Jews, mainline Protestants, Catholics, Muslims, Mormons, and Evangelical Christians. The greatest number of unfavorable feelings were expressed toward Evangelical Christians and Mormons.
By contrast, the most positive feelings were reserved for Jews at 35 percent. In fact, only 6 percent said they had a negative view of them. Catholics came in second with 34 percent saying they viewed them favorably and only 18 percent said they had negative impressions of them.
I would contend that this poll not only tells us something about people’s attitudes toward various religious groups, but it also reminds us of the nature of those groups.  On my radio program, I mention that a majority of Supreme Court Justices are Catholic as are a sizable number of members of Congress. Then I ask, what does that tell you about their politics? Of course, the answer is that it doesn’t tell you anything because some take their Catholic faith seriously, while many do not. You could do the same by providing a list of prominent Jewish people.
The religious groups with the highest favorability (Jews, Catholics) also have the greatest theological diversity. Often the religious label says less about their faith and more about their family background. The groups with the highest unfavourability (Mormons, Evangelical Christians) have the greatest theological cohesion.
Put another way, many Americans have no problem with religion unless the religious person takes his or her religion very seriously.

Unfavorable Faith Read More

America’s Greatest Challenge

Kerby Anderson
What is America’s greatest challenge? Former governor Bobby Jindal has a list that focuses on the challenges created by liberals in this country. Although he uses the term liberals, it might be better to realize his critique applies to leftists rather than liberals in general. Here are his four concerns.
“First, liberals are undermining the rule of law that prevents the arbitrary exercise of power and protects law-abiding citizens.” Some of the examples he uses range from liberal prosecutors refusing to enforce the law to restrictive rules and regulations that are adversely affecting home and business owners.
“Second, liberals are undermining the ideal of meritocracy that frees society from inherited privilege and petty corruption.” Gifts and talents are not distributed equally, but the role of government should not be equality of outcome but equality of opportunity.
“Third, liberals are undermining pride in American history and her values that has animated unity at home and a generous, confident and inspiring policy abroad.” America has been a unique force for good, but if you listen to lectures in school or listen to newscasts, you wouldn’t know that.
“Fourth, liberals are undermining the marketplace of ideas that has facilitated a better understanding of reality, protected minority viewpoints, and provided outlets for protesting voices.” Suppression of conservative viewpoints and religious liberty rights is done in the name of inclusion and diversity.
Notice two things about this list. It doesn’t talk about foreign threats, only domestic challenges. Most of the challenges are cultural rather than political, meaning they won’t be resolved just by electing the right people for office.

America’s Greatest Challenge Read More

Pay Cut

Kerby Anderson
Do you have too much month at the end of your money? That question and catchphrase has been around for decades. But it seems even more relevant to our current economic situation. High inflation, rising interest rates, and runaway government spending has had a negative impact on American families.
E. J. Antoni is an economist at the Heritage Foundation and has run the numbers and explains that Americans have taken the pay cut every month since President Biden took office. For example, he documents that the average American family has lost the equivalent of more than $7,000 in annual income. He also argued that “There is a direct link between spending, borrowing and printing trillions of dollars, and the disastrous results for Americans.”
A skeptic might respond that while it is true that prices have gone up, wages have also increased. That may be true, but I haven’t found too many people in my sphere of influence who have told me their salary or wages have increased. If you look at the numbers from the Bureau of Labor Statistics, you will note that average weekly earnings are up 9 percent since President Biden took office, but consumer prices have risen 14.9 percent over that same time.
In some ways, it reminds me of times when I have tried to climb a hill or mountain with lots of gravel, talus, and scree. Two steps forward can sometimes result in falling three steps back. That is what is happening to the typical family with two parents working. Their combined weekly paychecks are up about $200, but the money has lost so much of its purchasing power from inflation that it is as if their weekly pay shrunk by more than $100.
These are numbers to remember while Congress is debating raising the debt ceiling and worth remembering during the election next year..

Pay Cut Read More