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Guest Columnists
Responsible Government Isn't Just for the Tough Times
- By Veronique de Rugy
Some policy experts who, over the last few decades, saw little need for serious fiscal austerity because the government could borrow at low interest rates are now changing their tune. Their argument is that with rates now rising and the government's interest payments set to become extremely expensive, it's time to adjust. While I suppose that's progress, they fail to see that the past calls for austerity were attempts to avoid precisely what's happening today.
Indeed, the need for fiscal responsibility was never based on an inability to afford extra debt back then. It was because the moment was destined to arrive when adjustments became necessary, and rising indebtedness ensured that these changes would become more painful.
- Hits: 452
No Populists in Sight in the World of Politics
- By Veronique de Rugy
In the grand ballroom of American politics, Democrats have long waltzed to the melody of progressivism while ridiculing Republicans' preference for outdated tax-cut tunes. Ironically, they don't want to pay for their style of big government with higher taxes on ordinary Americans, which their expansionary ambitions would require. Instead, they loudly proclaim that they want to tax the rich. It remains to be seen how true this is.
Indeed, while Democrats profess their devotion to social justice and fight against income inequality, they often push for policies that favor the rich. Take their nonstop battle over the last five years to ease the tax burden of their high-income constituents.
- Hits: 433
Americans Learned a Financial-Crisis Lesson. Washington Did Not.
- By Veronique de Rugy
Congress and the Biden administration seem unaware that rising interest rates are about as "transitory" as they told us inflation would be -- meaning, likely to be around for quite a while. Why does this matter? Ask someone who's been enticed by a mortgage with a variable interest rate that starts low and then rises quickly when conditions change.
Over the past month, yields on 10-year notes have risen sharply to 4.8%, well above the prevailing rate over the past 16 years. Meanwhile, two-year Treasuries are paying a 5.2% yield, and three-month Treasury bills are paying 5.5% -- much higher than the rates projected by the Congressional Budget Office (CBO) in February. For this quarter, CBO assumed a ten-year yield of 3.9%; it's currently 4.7%.
- Hits: 661
Israel, Hamas—and the Fatal Flaw That Will Affect the World
- By Joseph M. Bianchi
Recently the world has beheld acts of violence and carnage that were only believed to exist in a nightmare—or Hollywood horror movie: innocent men, women, and children, indeed, babes, slaughtered at the hands of Hamas terrorists.
We could puzzle on how the Israeli government and the Mossad, perhaps the most efficient and sophisticated intelligence gathering organization in the world, missed a terrorist operation that was meticulously planned—with some training done in the open.
But that is beside the point now. Israel is in a state of war that will have grand implications, not only for the Jewish state, but for the world.
- Hits: 818
John the Baptist Vico, Philosopher of Divine Providence
- By Winston McCuen - South Carolina
Nations are mortal. They live and they die. And the United States — as recent mounting crises suggest — is no exception. To weather these storms, Americans need the wisdom and perspective provided by Holy Scripture and by true, Christian philosophy.
The Italian philosopher Giambattista Vico (1668-1744) is a critically important figure in the Western intellectual tradition. He was a true, Christian philosopher who explained, in deep ways, how history is God's providence and how the human mind, to become truly educated, must be cultivated in proper order through the liberal arts and sciences.
- Hits: 657
The Cult of 'Forever Low' Interest Rates Had to End Sometime
- By Veronique de Rugy
Countless financial soothsayers and Wall Street wizards were once members of a curious cult. Their doctrine? The unshakable belief that interest rates had managed to find something resembling the fabled Fountain of Youth, leaving their numbers eternally low and never rising. The "Forever Low" brigade dismissed those of us who argued that high government debt was unsustainable and, partly because low repayment rates would not last forever, we should control spending.
- Hits: 539
Has The GCRP Been Infiltrated by the Socialist-Communist Ideology?
- By Ana Artiel Helms
Watch what they do - listen to what they say.
In the last business meeting of the GCRP, held on October 2, 2023, the creation of a “Committee on Discipline” was proposed by a member and elected officer of the party to our GCRP Chairman. The proposed “Committee on Discipline” was followed by the introduction of the proposal as a motion under new business, as it was out of order and did not follow the Roberts Rules of Order as it should be. This proposed “committee” appears to be a tactic out of the socialist-communist playbook of the Former Soviet Union and other socialist-communist-led countries and their disciplinary methods.
As someone who comes from a family that suffered the injustices, abuse, and persecutions inflicted by the socialist-communist government during the Second Republic, which was notorious for its brutal and indiscriminate persecution and massacres of unarmed civilians. The torture and killing of Catholics, Christians and people with religious affiliations. The destruction of churches, monasteries, art, archives, and historical text by the socialist-communist. Nothing was sacred to these salvages. I cannot, and I will not remain silent.
- Hits: 2418
- 'Good Government' Is a Two-Way Street
- Why Liberal? Why Conservative?
- Solving America's Housing Woes or Making Them Worse?
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- Christian Revelation and the Origin of Races
- The Surprising, Uplifting Truth About Inequality
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