Economics

Six days you shall labour and do all your work….” – Exodus 20:9

Our labour, and how we spend our finances, can function as an important part of fulfilling our cultural mandate. In Genesis 1 God commanded us to develop the earth and rule over it. We work to glorify God – not just to put food on the table. Our work, finances, and all material possessions come from God and are meant to be directed towards Him.

 
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16 Jun 2010 Our Role in Public Debt

In the chapter of the Bible most often associated with civil government and politics, Paul urges us to “let no debt remain outstanding, except the continuing debt to love one another” (Romans 13:8). In Canada and throughout the world, people are demanding that their leaders provide more and more services even in the midst of tough financial times. But this kind of spending has consequences. Public debt is fast-becoming the number one problem facing many countries in the world today. Consider these figures:
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02 Jun 2010 Policy group defends funding changes for NGOs

OTTAWA, June 2 /CNW Telbec/ - The Canadian Centre for Policy Studies, an independent public policy think-tank, is applauding the federal government's review of grants made by the Canadian International Development Agency (CIDA) to Non-Government Organizations, calling the effort "long overdue." "Many NGOs receiving CIDA grants do terrific work on behalf of Canadian taxpayers," said Joseph Ben-Ami, president of the Centre, "but many are also heavily involved in political advocacy, some exclusively so."
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31 May 2010 Living wage for municipal workers misses the target

By Helen Ward (Vancouver Sun, May 28): Vancouver city council, following New Westminster's lead, will vote on a "living wage" of over $18 an hour for municipal workers. Economists promoting this garner support by claiming living wages help families and reduce child poverty. But do they? Does a policy targeting city workers also efficiently benefit low-income families? The assumption is yes, but what is the reality? [Read the rest of this excellent article here.]...

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12 Apr 2010 www.DebtClock.ca

Canada's debt continues to grow. We demand more and more without consideirng the moral implications of putting this debt (and interest payments) on future generations of Canadians. Check out where our debt is at, and why this matters, at www.debtclock.ca....

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04 Mar 2010 Cardus Analysis of Budget: Long-Term Talk Masks Short-Term Thinking

ARPA Note: Ray Pennings is the speaker for ARPA's upcoming event in Parliament on May 4th, 2010. Also, read the Institute of Marriage and Family Canada's press release about the budget here. OTTAWA, March 4, 2010—Ray Pennings, Director of Research for Cardus, expressed concern that expressed concern that although today's federal budget rightly focuses on returning the books from deficit to surplus, it pays too little attention to imminent deficits in elder care, charitable service and broad social architecture.
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18 Feb 2010 Parliament Report Sounds Alarm: Low Birth Rate + Ageing = Financial Crisis

OTTAWA, February 18, 2010 (LifeSiteNews.com) - One of the first official reports to indicate the disastrous consequences of Canada’s long-term below, replacement birth rate was released in Ottawa today by Parliamentary Budget Officer Kevin Page.  While pro-life leaders have been warning of the impending disaster for years as abortion and contraception have wreaked demographic havoc, the financial fallout is beginning to strike home to governments worldwide.
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16 Feb 2010 Canadian Households Sinking Further Into Debt: Study

National Post, Feb 16, 2010: The study showed the average Canadian household debt climbed to $96,100, creating a debt-to-income ratio of 145 per cent in 2009, the highest it has ever been. "Under this scenario, some 1.3 million households could have a vulnerable or dangerously high debt service load by 2011," the report stated. [Read the full story here.]...

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23 Oct 2009 CMHC bubble is 100% made in Canada

ARPA Note: We are looking for insight and feedback about the issue below and the broader topic of applying our Christian worldview to the current financial situation. Please email info@arpacanada.ca with your comments, thoughts, or suggestions of who would be good to speak to this. Diane Francis, Financial Post  Published: Thursday, October 22, 2009 -...

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19 Jan 2009 The Case for a Balanced Budget

By Kevin Gaudet, Canadian Tax Payers FederationAs the Harper government prepares to take Canada back into substantial multi-year deficits, the Prime Minister should be mindful of advice from the famous French philosopher Blaise Pascal.  He wrote: “In each action we must look beyond the action at our past, present, and future state, and at others whom it affects, and see the relations of all those things. And then we shall be very cautious.”   A look at the past, present and future of government spending, deficit financing and their impact reveals...

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20 Nov 2008 What’s Good for GM: No Bailout

Chuck Colson's Breakpoint Commentary, November 20, 2008 Imagine if the parable of the Prodigal Son went something like this: After wasting his inheritance, the son returns to the father. But instead of repenting and asking the father to take him back as a slave, the son says, “Dad, I’ve made a mess of things. Could you spot me some cash so I can get out of this hole?” Well, essentially, that’s what the Big Three automakers and the United Auto Workers are doing...

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