According to The O’Reilly Factor, the median income in the USA has declined by 6.5% since 2007.
Apparently, the Obama Administration’s Entitlement Strategy has failed economically.
Of course, that shouldn’t surprise anyone. Paying people not to work has never worked and will never work. Government entitlements and even charitable giving — if provided over an extended period –- only serve to encourage sloth and diminish self-esteem.
To understand this more fully, read The Poverty of Nations –- A Sustainable Solution. It is a book that integrates Biblical teaching and the Free Market System -–while comparing it to other political/economic systems that have been in vogue over the centuries.
I recently wrote Pope Francis recommending this book to him. I hope he takes my advice as, frankly, he would benefit from reading it.
The book’s critique of the various forms of economic governance explains why the invention of the Free Market System has proven to be the most effective system for ending poverty
–- whereas charitable giving has encouraged sloth and prolonged poverty and the power of abusive governments.
The prosperity of a nation is a function of the collective productivity (growth of per capital GDP) of its people . . . and of the growth that they produce in the service of their customers and clients. And a true Free Market System is the proven method for achieving that growth and its related national prosperity.
Ending the Free Market System is not the solution to ending poverty. The solution is ending centralized government control via Despotism, Socialism, Communism, and the Entitlement State.
In God we must trust . . . but we must always do our part -– to secure and promote the truth and a better way – to protect our freedom and interests -– and to defend the Judeo-Christian Free Market System.