March 14, 2014, Vol. 7, No. 9
In this Issue:
- California's Budget Surplus & the Preferential Option for the Poor
- Because We are Catholic -- New Publication
- First Anniversary of Pope Francis' Election
- On the Web
California's Budget Surplus & the Preferential Option for the Poor
Money must serve, not rule! The Pope loves everyone, rich and poor alike, but he is obliged in the name of Christ to remind all that the rich must help, respect and promote the poor. I exhort you to generous solidarity and to the return of economics and finance to an ethical approach which favors human beings. - Evangelli Gaudium, Apostolic Exhortation, Pope Francis
After years of astronomical budget deficits, a slow but steady economic recovery means the Golden State is building a financial surplus. Not all cuts can or should be restored, but as Pope Francis stresses, how do we "favor human beings" as we move into this still tentative recovery?
The Governor's proposal -- backed by many influential legislators -- demonstrates a conservative approach. The vast bulk of the surplus goes to paying down the "wall of debt" and strengthening the rainy day fund.
Any number of good causes will compete for the remaining dollars: transportation, public safety, local government or higher education programs to name a few.