Business & Finance

White House scrambles to clarify funding of abortions in PA

  The Obama Administration scrambled into “clarification” mode following a revelation that the Department of Health and Human Services (HHS) approved $160 million in taxpayer funds going to Pennsylvania that could be used to fund abortions.  In a speech to a joint session of Congress last September, President Obama made the following promise, “Under our plan, no federal dollars will be used to fund abortions.” Attempting to assuage fears, HHS responded with a statement on July 14, saying the president’s executive order would prevent taxpayer-funded abortion in Pennsylvania, as well as in other states. However, Mary Harned, staff counsel with […]

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$17,000 tax bill hits South Dakota church

As cash-strapped cities and municipalities try to find creative ways to generate revenue, some are setting a dangerous precedent when they look to churches as a targeted source. Joe Infranco, senior counsel for the Alliance Defense Fund (ADF), has seen a marked increase in the number of cases handled by ADF’s 1,800 allied attorneys, who represent churches free of charge. “Whether out of ignorance or malice, (municipalities) are slowly chipping away at the Church’s tax exemption when and where they are able,” said Infranco. “This is a very dangerous trend.” Just this week, an ADF-allied attorney filed an appeal in […]

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What is financial independence?

  The perceived complexity of financial planning often leads to frustration and indecision by many families.  In last month’s column, we explored a simplified approach to financial planning by looking at the five short-term uses of money.  Money can be used in only one of five areas in the short-term: giving, lifestyle, repayment of debt, taxes and cash flow margin.  As you accumulate money from your cash flow margin, you grow your net worth for the purpose of meeting one or more of only six long-term objectives.  As we continue with part two of our look at a simple approach […]

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Millions of Americans may lose their healthcare plans

  One of the major selling points of ObamaCare was the president’s oft-repeated promise that if you liked the coverage you have now, you would be able to keep it. As Obama’s team drafts the regulations for implementing this massive government takeover of the healthcare industry, it’s becoming evident – if not undeniable – that the president and his supporters misled the American people.  As many as 1.5-million Americans may lose their health coverage this year due to ObamaCare regulations. Now, we’re learning that new regulations may force tens of millions of people to lose their employer-provided healthcare plans. Here’s […]

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Taxed Enough-The Journey of America’s Tea Party

America’s Tea Party movement has been dubbed many things since it materialized in the early months of 2009. On the positive side, The Economist describes the movement as “America’s most vibrant political force.” In contrast, recently a Newsweek journalist said the movement was “dominated by conspiracist kooks.” And then you have those who might be taking the movement completely out of context, by stereotyping Tea Party members and other supporters as “racists.” Whatever one feels about this newfound populist movement, the reality is that its members and rallies are growing in number. People are beginning to take notice. Tea Party […]

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Blessing of money management

Americans as a whole are addicted to debt.  We borrow, our businesses borrow, and our state and federal governments borrow.  Most of the attention about debt has focused on the federal budget deficit, which is expected to be $1.2 trillion next year.  But consumer debt is on the rise as well, and personal bankruptcies are skyrocketing.  U.S. News & World Report is reporting that consumer credit has topped $2.4 trillion, and household debt stands at 110 percent of annual disposable income, up from 76 percent in 1986.  All of this adds up to one thing…bondage.  God has a better plan […]

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Debt keeps Christians from reaching potential

If Americans had followed biblical financial principles, they could have lessened – or completely avoided – the worst recession in decades, two prominent Christian money-management specialists said. “Debt may not be a sin, but it is certainly a curse,” said Randy Rowechamp of Crown Financial Ministries. Dave Ramsey, author of “Total Money Makeover” and other money management books, agrees. “There has been a common myth spread across America that debt is a tool and should be used to create prosperity, but God tells us something different,” Ramsey said. “According to Proverbs 22:7, ‘The rich rules over the poor, and the […]

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Ten new ways to save money

We all spend money every day. Of course, it’s true that God gives some more financial resources than others, but we are all called to be found faithful with as little or as much as He has entrusted to us at this time. And, we are told clearly in Luke 16:11 that faithful money management is the beginning of being entrusted with true riches. A big part of financial stewardship is controlling the outflow of funds that you receive to ensure that your expenditures reflect your values and priorities. There are two distinct categories of funds that you receive each […]

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Debt could lead U.S. into economic crisis

Deficit spending and government debt are reaching a level that could culminate in another economic crisis as big as the one that hit the United States last year, Minnesota’s Republican Governor Tim Pawlenty told CNSNews.com. “One of the main things I’m very worried about is this administration and the Democratically-controlled Congress running on a pathway to bankruptcy,” Pawlenty said. “I mean, we have a reckless amount of deficit and debt in this country. The Obama administration and this Congress are exponentially growing that.” The $787 billion stimulus package pushed by the Obama administration and congressional Democrats was supposed to salvage […]

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Ways To Teach Children About Money

Parents are the best example our children will have of how to make money, manage it wisely and use it to fulfill God’s purposes. They watch us very closely and more often will “do as we do” rather than “do as we say.” We should openly discuss the family finances in their presence. We must acknowledge God’s ownership of everything we have, from salary to possessions to talents and gifts. Our children should see us tithing and giving as well as praying for God’s provision for the family’s needs. And we must not forget to praise God when prayers are […]

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