Worst president ever leaves Trump a looming economic crisis

Is Barack Obama focused on protecting the American people?
Is Barack Obama focused on protecting the American people?

Consider this article from the Wall Street Journal, which discusses the latest CBO (Congressional Budget Office) report.

Massive budget deficits:

One lesson is that the days of easy deficit reduction are over. The annual deficit in 2016 rose for the first time in three years—by $148 billion to $587 billion. That’s 3.2% of GDP, up sharply from 2.5% last year. Mr. Obama has been able to ride falling defense spending from reduced military deployments overseas, but Pentagon outlays were flat in 2016. Military spending will probably have to increase in future years, no matter who wins Tuesday, to meet the growing challenges from Russia, China and Iran.

Looming entitlement crisis:

Mr. Obama will also leave town having failed over eight years to do anything to slow the booming burden of Social Security, Medicare and Medicaid. Outlays for those three programs grew by $75 billion last year, or about 4.2%. They now account for 10% of the entire U.S. economy, the highest level ever, and rising.

More spending on welfare programs:

The President’s main contribution has been to put Medicaid on hyperspeed by expanding its coverage through ObamaCare. CBO’s budget gnomes report that Medicaid spending has climbed by nearly 40% in a mere three years—to $368 billion in 2016. That doesn’t include what the states are obliged to chip in.

Higher taxes and more regulations (e.g. – Dodd-Frank) killed economic growth:

Another lesson is that faster economic growth is essential to a healthier fisc. One reason for the deficit rebound in 2016 is that federal revenues increased by a mere $18 billion or less than 1%. Individual income-tax receipts were flat, while corporate income taxes fell by $44 billion or 13% as business profits sagged. This is what happens when the economy sputters at about a 1% growth rate for most of a year.

Massive spending:

Growth that slow couldn’t keep up with spending that increased 4.5% or $166 billion in 2016. Federal outlays were 20.9% of the economy for the year, up from 20.4% in 2014. A Republican Congress has kept that figure down from the heights of the Obama-Nancy Pelosi stimulus, but it is now set to take off again as more Baby Boomers start collecting Social Security and Medicare. (Millennials, get ready to pay even higher taxes throughout your working life.)

Looming crisis caused by rising interest rates:

This era may be ending as a new President takes office. The Fed may raise rates in December, and bond yields have been rising. Outlays for net interest on the debt increased by $23 billion or 9% in 2016, largely due to faster inflation. But inflation is still tame. If it begins to rise, the debt-financing burden will explode with more than $14 trillion of Treasury debt outstanding, much of it short-term. In January CBO said that if interest rates are 100 basis points above their projections each year for the next decade, the Treasury will have to pay an average of more than $160 billion per year.

And it’s not just fiscal matters. Investors Business Daily adds to the list of problems that Obama will pass on to Trump.

Low wages, high unemployment:

Obama, like every Democrat running for office, claimed to be the champion of the middle class, and that instead of “trickle down” economics, he’d growth the economy from the “middle out.” Instead, middle class wages stagnated throughout Obama’s term in office, with real median household income today exactly where it was when Obama took office.

And despite Obama’s constant bragging about the “longest” stretch of private sector job growth, the 15.5 million private sector jobs added since February 2010 hasn’t even kept pace with population growth — which climbed 17.5 million over that time. As a result, more than 14 million people have dropped out of the labor force since Obama took office. In fact, without the huge decline in labor force participation under Obama, the unemployment rate would be more like 10%, rather than the official 4.9%.

Higher health care costs and more health care regulations on businesses:

ObamaCare was supposed to be Obama’s grand legacy, showing how government could be a force for good. Instead, it’s become an epic failure that will have to dealt with by the next president. The reforms Obama said would repair a “broken” health system have themselves broken it. Premiums in the newly government-run individual market are up an average 22% nationwide, and at rates of 50%, 60%, even 113% in some states — increases unheard of before ObamaCare. Insurance markets that were once vibrantly competitive are now dominated by one or two carriers. ObamaCare has made Medicaid, an already terrible health program, worse by dumping millions more into it. ObamaCare’s taxes, mandates, and regulations are suffocating businesses.

Foreign policy disasters:

A list of Obama’s foreign policy failures would fill a volume, but here are just a few: Obama in 2011 prematurely removed troops from Iraq, creating a power vacuum later filled by ISIS; he let Iran’s covert nuclear weapons program continue, starting a nuclear arms race in the Mideast; after Obama called ISIS a “jayvee team,” it grew in clout and territory as a result of Obama’s neglect; Obama’s intervention in Libya during that country’s civil war led to the country becoming a terrorist haven, with no real government; he and Hillary Clinton pushed the “reset button” with Russia’s Vladimir Putin, and Russia launched hostile actions against its neighbors in Crimea and Ukraine, and threats to the Baltic states; Obama has signaled ambivalence over protecting traditional allies in Asia, leading to China arming up and bullying it neighbors. With massive defense cuts Obama put in place, it’s safe to say the U.S. hasn’t been this weak since the nadir of the Carter years.

This is not even to mention the $1.3 trillion dollar student loan bubble:

Federal student loans skyrocketed under Obama
Federal student loans skyrocketed under Obama

And yet another Democrat-caused mortgage lending crisis:

Another Democrat-caused mortgage lending crisis
Another Democrat-caused mortgage lending crisis is on the horizon

Democrats are always in favor of making it easy for people to borrow money, and leaving taxpayers on the hook to cover it. Are there enough people working to cover these debts? Has Obama been focused on helping to lower taxes and reduce regulations for job creators, so they can create new jobs? How will the millennials respond to being forced to pay for all the debt incurred by the man they voted for?

Michael Strauss lectures on scientific evidence for a Creator at UT Dallas

Christianity and the progress of science
Christianity and the progress of science

The lecture: (from 2013)

Note: there is a period of 19 minutes of Q&A at the end of the lecture.

About the speaker:

His full biography is here.

Summary:

  • It used to be true that most of the great scientists were believers in God
  • But now science has advanced and we have better instruments – is it still true?
  • Today, many people believe that science has shows that the universe and Earth are not special
  • We used to believe that the Earth was the center of the universe, and Darwin showed we are not designed
  • The problem with this view is that it is based on old science, not modern science
  • Three topics: origin of the universe, fine-tuning of the universe, the Rare Earth hypothesis

Experimental evidence for the origin of the universe:

  • #1: Hubble discovered that the universe expands because of redshifting of light from distant galaxies
  • #2: Measurements of the cosmic microwave background radiation show the universe had a beginnning
  • #3: Measurements of the light element (hydrogen and helium) abundances confirm an origin of the universe
  • The best explanation for an absolute origin of space, time, matter and energy is a supernatural cause

Experimental evidence for the design of the universe:

  • #1: The amount of matter: a bit less = no stars and galaxies, a bit more = universe recollapses
  • #2: The strong force: a bit more = only hydrogen, a bit more = little or no hydrogen
  • #3: Carbon resonance level: a bit higher = no carbon, a bit lower = no carbon

Experimental evidence for galactic, stellar and planetary habitability:

  • #1: Galaxy: produces high number of heavy elements and low radiation
  • #2: Star: long stable lifetime, burns bright, bachelor star, third generation star (10 billion years must elapsed),
  • #3: Planet: mass of planet, stable orbit, liquid water, tectonic activity, tilt, moon

Naturalistic explanations:

  • Humans evolve to the point where they reach back in time and create finely-tuned universe
  • Eternally existing multiverse

Hawking and Mlodinow response to Rare Earth:

  • There are lots of planets so one must support life
  • Odds of a planet that supports life are low even with 10^22 planets

Hawking and Mlodinow proposal of M-theory multiverse:

  • There is no experimental evidence for M-theory being true
  • M-theory is not testable now and is not likely to be testable in the future
  • But science is about making testable predictions, not about blind speculation

Hawking and Mlodinow no-boundary proposal:

  • This theory requires the laws of physics to exist prior to the universe
  • But where do you get laws of physics before there is any physical world?
  • There is no experimental evidence for no-boundary proposal
  • All the evidence we have now (redshift, CMBR, H-He abundances) is for Big Bang

What science has revealed provide abundant evidence for a transcendent Creator and Designer.

Related posts

Trying to make Christianity entertaining makes people think that it’s fake

Church sucks, that's why men are bored there
Church sucks, that’s why men are bored there

My friend Bruce shared this article from the leftist The Atlantic on Facebook. It’s written by Larry Taunton of Fixed Point Foundation.  Larry surveyed some people who had left the church, and I thought it was worth it to look at this case of Phil.

Larry writes:

“Church became all about ceremony, handholding, and kumbaya,” Phil said with a look of disgust. “I missed my old youth pastor. He actually knew the Bible.”

[…]Phil was in my office as part of a project that began last year. Over the course of my career, I have met many students like Phil. It has been my privilege to address college students all over the world, usually as one defending the Christian worldview. These events typically attract large numbers of atheists. I like that. I find talking to people who disagree with me much more stimulating than those gatherings that feel a bit too much like a political party convention, and the exchanges with these students are mostly thoughtful and respectful.

[…]A smart, likable young man, he sat down nervously as my staff put a plate of food before him. Like others after him, he suspected a trap. Was he being punk’d? Talking to us required courage of all of these students, Phil most of all since he was the first to do so. Once he realized, however, that we truly meant him no harm, he started talking — and for three hours we listened.

Now the president of his campus’s SSA [Secular Student Alliance], Phil was once the president of his Methodist church’s youth group. He loved his church (“they weren’t just going through the motions”), his pastor (“a rock star trapped in a pastor’s body”), and, most of all, his youth leader, Jim (“a passionate man”). Jim’s Bible studies were particularly meaningful to him. He admired the fact that Jim didn’t dodge the tough chapters or the tough questions: “He didn’t always have satisfying answers or answers at all, but he didn’t run away from the questions either. The way he taught the Bible made me feel smart.”

Listening to his story I had to remind myself that Phil was an atheist, not a seminary student recalling those who had inspired him to enter the pastorate. As the narrative developed, however, it became clear where things came apart for Phil. During his junior year of high school, the church, in an effort to attract more young people, wanted Jim to teach less and play more. Difference of opinion over this new strategy led to Jim’s dismissal. He was replaced by Savannah, an attractive twenty-something who, according to Phil, “didn’t know a thing about the Bible.” The church got what it wanted: the youth group grew. But it lost Phil.

An hour deeper into our conversation I asked, “When did you begin to think of yourself as an atheist?”He thought for a moment. “I would say by the end of my junior year.”

I checked my notes. “Wasn’t that about the time that your church fired Jim?”

He seemed surprised by the connection. “Yeah, I guess it was.”

A couple of years ago, I was talking to a woman who grew up in a Christian home that was very focused on externals. There was a lot of bullying to get her to comply with expected Christian behavior, although the expected Christian behavior was often arbitrary, and had nothing to do with Christianity and more with just appearing “nice”. There was no discussion of the evidence, no talking through objections. No focus on truth at all. She was always very curious about me, and how come I didn’t drink, and how come I was able to stay a virgin through college, grad school, to the present day when many people who were raised in the church fell away from it in college. My answer was simple. I never grew up in a Christian home so I was never bullied into acting like a Christian beyond what I was convinced of myself. There was no rebellion, I just took my time and proved everything out before I had to act any particular way.

I didn’t ever have to go to church. I didn’t go to church until  was comfortable going, and I would say that I still am not comfortable in church – ever. If I felt bored in church, I read an apologetics book, and I did this openly. If I didn’t like the words of a song, then I didn’t sing. I liked to read apologetics books from the beginning, and when I talked to church Christians, I just classified the ones who didn’t read apologetics as non-Christians – as fakes. So I never felt like there was anything wrong with me because I didn’t sing, pray, read the Bible or do more church stuff. To me, if you didn’t like apologetics, you were a fake and you were faking behaviors that you had no way of verifying. Apologetics is the baseline activity of church, and only fakers try to skip over it. Knowing the truth about God comes before acting as if God is real and God has a specific character and will for us. From the existence of God, we move on to the accuracy of the Bible, and on to theology, and then and only then do we start the outward behaviors of a Christian. If you skip to the behaviors, that is unnatural – like acting a part of a doctor when you have never been to medical school. It’s morally wrong to try to pretend to be something you are not.

Bruce commented this above the post:

When authentic conviction is lacking in your words and actions–or your “zeal” lacks the requisite knowledge to back it up–your teenager knows it.

Right. Young people in the church can tell when old people are more interested in feelings and posing. All they have to do is ask you how much you have done to study whether the things you believe are true. If you have read more devotional literature than you have read apologetics, then you’re a fraud. And that, more than anything, is what causes young people to step away from a two-way relationship with God.

My friend Stephen Bedard tweeted this, recently:

“Frankly, I find it hard to understand how people today can risk parenthood without having studied apologetics.” – William Lane Craig

I think you have to blame parents and the pastors when young people reject Christianity.  They are the ones who focus on outward behaviors, feelings and rituals instead of frank discussions about truth where reason and evidence are center stage.

If I had to rely on deciding what Christianity was from looking at people in the church, or from looking to my parents or peers, I would never be where I am today. I can barely tolerate church, especially the singing. I generally don’t like pastors. Pastors who think that simply speaking the words of the Bible out loud will magically cause a person listening to become a Christian. Pastors who assume the Bible is true without ever arguing for the truth of it. Pastors who never connect their preaching to historical context, historical evidence, philosophical arguments or scientific evidence. Pastors who try to make me feel things. Pastors who never mention current events or public policy. Christianity ought to be more like engineering or lab work if you want to appeal to young people – testable, repeatable, practical. Think back to math class, and how teachers would insist that students show their work, instead of just writing the answer down. Instead of just saying “the Bible says”, pastors and parents really need to show young people their work – how did they arrive at their worldview? It’s not respectable to be ignorant about these things – there should be no respect in the church for people who put piety above truth.