It’s Monday! Of course that means we continue our answering the question; Will America recover or go bankrupt? I feel a little behind on what we are discussing here. As I listen to some of the national radio talk show personalities that I try to follow, they are already talking about the very subject of our Monday’s posts. This is no one’s fault but my own. God has been dealing with both my wife and me on this subject for at least three years but, as many of us do, we did not want to accept what God was telling us. We wanted to go on about our lives and ignore what God was laying on both our hearts. I’m sure Noah didn’t want to hear it either. But here we are and the facts are the facts. We can bury our heads in the sand, ignore it, and wish for better days but the facts still remain.
If you believe that we, as a nation, can recover from $14 trillion worth of debt, you are living in a dream world. I’m sorry, I don’t know how else to put it. Medicare, Medicaid, Social Security, and the new socialist health care monster must have more funding than our tax structure can support. Even if taxes are raised, which I guarantee will happen anyway, there is simply not enough money to pay our way out.
What will happen when our government collapses? A 2009 Wall Street journal article put it this way, “If the government were ever to default on it’s promise to pay periodic interest payments or to repay the debt at maturity, the United States economy would plunge into a level of chaos that would make the Lehman bankruptcy look like a nonevent.” (Kadish, “Taking the National Debt Seriously).
A Wall Street Journal article put it something like this; according to polls, 58% of Americans believe the country is one the wrong track. Suffering with an economy that is sick, Americans want things to get back to normal, but most feel there is no normal anymore. In the past, 4% to 6% unemployment was considered normal. Today we are at 10% and climbing. It takes a job growth of 100,000 per month just to keep the unemployment rate from rising further. There is nothing normal about an economy in which the federal government takes over giant automakers, bails out to-big-to-fail banks, buys up nearly all mortgages, keeps short-term interest rates at 0%, and prints over a trillion new dollars! (Devon Maylie, “Spot Gold Hits Record High Above $1250/oz.” Wall Street Journal.com).
No, there is nothing “normal” about any of that but it is all setting the stage for a world that must be before we, as believers, go home. Next week we’ll talk about that world that is coming, a new world order that is global, controlled, and less friendly to the things of God than we see even now.
So what’s the good news? Titus 2:11-14, For the grace of God that bringeth salvation hath appeared to all men, Teaching us that, denying ungodliness and worldly lusts, we should live soberly, righteously, and godly, in this present world; Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ; Who gave himself for us, that he might redeem us from all iniquity, and purify unto himself a peculiar people, zealous of good works.
I admit it is easy to get caught up in all the madness that is taking place in our world and the lunacy in our own government and forget who we are in Christ and what is really important. May we pray for one another and remind one another to turn our hearts and minds toward eternal things and put these temporal things in their place.
What does God have for you…just around the corner?
- Ad campaign takes aim at national debt (dispatch.com)
- Why Main Street Doesn’t Buy Wall Street’s ‘Recovery’ (dailyfinance.com)
- Congress unable to fix US economy, Americans too apathetic (rt.com)
- Economist Dean Baker blasts Deficit commission attack on Social Security (talkingunion.wordpress.com)