Res & Explicatio for A.D. 3-25-2009

Wednesday, March 25, 2009 \AM\.\Wed\.

Salvete AC readers!

Here are today’s Top Picks in the Catholic world:

1. The great Cardinal Pell offered his thoughts on the future of liturgical development by stating that ad orientem will be mandatory so as to move away the priest as the center of worship back to Jesus Himself, ie, both the priest and the congregation should be facing towards God.  In addition, when the priest turns away towards the congregation, there should be a crucifix in between he and the congregation so as to maintain the center of worship God and not the priest.  What a wonderful and great Cardinal that Australia has!  Let us pray for more such strong leaders of the Church worldwide and especially here in America.  Ora pro nobis!

For the article click here.

2. Sister Janet Ferns, a nun who has worked in Nigeria and Zambia, has explained what most condoms are used for by the locals in Africa… to fish with.

For the link click here.

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Red Ink

Wednesday, March 25, 2009 \AM\.\Wed\.

bush-obamabudget1

A look at the federal budget since 2000, with projections, for what little they are worth, by the White House and the Congressional Budget Office to 2019.  By CBO estimates last week, the budget deficits between now and 2019 would total $9, 300, 000, 000, 000.00.  The entire cost of WW2 for the US in 2008 dollars was 3.6 trillion.  This year the budget deficit will total 13% of our gross domestic product.  This isn’t economic policy, it is lunacy.  These type of deficits are completely unsustainable, and we are running towards national bankruptcy.  It is impossible to borrow these type of funds from abroad.  We will simply create the funds out of thin air.  The long term impact on our children and their children can be easily imagined.  As the Heritage Foundation points out, this is a completely bi-partisan disaster.  Politicians have acted like teen-agers with stolen credit cards for far too long.  However, this will stop.  It will stop either by voters throwing out of office the fiscally irresponsible, or, much more likely in my estimation, the economy will simply hit a brick wall.  This will not, cannot, go on.  How it is stopped is up to us.

Update I:  The President of the EU slams current US economic policy as a road to hell.  I never thought I would live to see the day when a President of the EU would have more economic sense than a President of the US.

UpdateII:  Hattip to Instapundit.  A sign of things to come.  Stocks slide after a lack-lustre sale of T bills and notes: 

“Bond prices fell after the auction of $34 billion in 5-year Treasury notes. The yield on the benchmark 10-year Treasury note, which moves opposite its price, jumped to 2.77 percent from 2.71 percent late Tuesday. The yield on the three-month T-bill rose to 0.19 percent from 0.17 percent Tuesday.

Investors gave an unexpectedly cool response to the note sale just a day after a $40 billion auction of 2-year notes suggested strong demand. The government is running up huge deficits in order to fund an array of plans to provide stimulus to the economy and support to the ailing financial system. Any suggestion that demand for U.S. government debt is weakening is a negative for stocks, simply because Wall Street has been relying so heavily on the government’s rescue plans.

The surge of worry over the debt auction wiped out the market’s early optimism in response to durable goods and home sales data.”


Father of the United States Navy

Wednesday, March 25, 2009 \AM\.\Wed\.

john_barry_by_gilbert_stuart

1745 was a busy year in the history of the misnamed British Isles, with Bonnie Prince Charlie doing his best to end the reign of the Hanover Dynasty in England, so I guess it is excusable that no note was taken of the birth date of John Barry in Tacumshane, County Wexford, Ireland.  During his childhood John received, along with all the other excellent reasons given to Irish Catholics over the centuries to love Britannia, good reason to look askance at the British when his father was evicted from his poor little farm by their British landlord, and the family went to live in the village of Rosslare.

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