Presentation on theme: "For more information see www.WayneGrudem.com. 14 th Amendment (1868): All persons born or naturalized in the United States and subject to the jurisdiction."— Presentation transcript:
14 th Amendment (1868): All persons born or naturalized in the United States and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privilege or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws. [1973: the Court found a right to abortion in the yellow-highlighted words, in Roe v. Wade]
First Amendment: Congress shall make no law respecting an establishment of religion or prohibiting the free exercise thereof. The First Amendment prohibited establishing a state church. But the court decided government couldnt support any religious activity at all: Lemon v. Kurtzman (1971): a government actionmust not have the primary effect of either advancing or inhibiting religion
Fifth Amendment: Nor shall private property be taken for public use without just compensation. 2005: Kelo v. City of New London: The government can take private property for somebody elses private use. 5-4 decision (Kennedy w/ liberal justices)
What Happens to Gas Prices When You Restrict Access to Oil Supplies?
Federal tax receipts, spending and deficits, fiscal years 2007-2011, billions of dollars Receipts Outlays Deficit share of GDP Receipts Outlays Deficit share of GDP 2007 2,568 2,729 161 1.2% 2008 2,524 2,983 459 3.2% 2009 2,104 3,520 1,416 10.0 % 2010 2,162 3,456 1,294 8.9% 2011 2,303 3,600 1,298 8.6% 2012 1,1007.2% (CBO projection) President Obama added: $5.1 trillion. Total debt now = $16 trillion. Source: WSJ, Oct. 18, 2011, p. A16 (2012 data added from later article)
Total US debt now: $16 trillion USA = 314 million people X $3 X $3 Approx = $1000 million = $1 billion So $1 billion in spending = $3 for you. But only 50% of people pay taxes. So if you pay taxes, $1 billion = $6 for you. $1 billion X 1000 = $1 trillion Spending $1 trillion = $6,000 per taxpayer Adding $5 trillion in debt = $30,000 per taxpayer
Why cant some people in your church find a job? The effects on the private sector of $5 trillion excess government spending. (Source of chart: Greg Mankiws blog 7-7-12; caption at bottom from Wayne Grudem)
Wall Street Journal, 8-25-12, p. A12 Drop: $54,983 to $50,964, or -$4,019 adjusted for inflation
* 8,522 includes Golan Heights. Total area = 10,733 sq. mi. if include West Bank (ratio then = 228:1) Gen. 17:8 And I will give to you and to your offspring after you the land of your sojournings, all the land of Canaan, for an everlasting possession, and I will be their God. (How long is everlasting?) Surrounding Arab nations IsraelComparison SIZE2,447,000 sq. mi. 8,522 sq. mi.288:1 POPULATION267,000,0007,500,00036:1
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