DROWNING IN A SEA OF DEBT…


BLOG POST 2 - Sea of Debt

America, we are now and have been drowning in a sea of debt for so long many have come to believe it an unavoidable and normal condition of government.  The lackadaisical attitude of Washington and far too many Americans regarding debt is not only dangerous it is robbing us of Liberty and Freedom and will ultimately destroy the Republic we have enjoyed for over 240 years.  I believe, as the Bible declares, and our Founding Fathers and the Framers warned, DEBT IS DESTRUCTIVE.  Let me qualify that marginally, excessive debt is destructive but debt makes the borrower a slave to the lender in a very real sense.  If the government is the lender and the American people borrowers by virtue of the entitlement subsidy then we are trading our Freedom and Liberty for sustenance and security and in so doing, we lose both.  That is not the idea envisioned by the Founders or Framers and should not be acceptable today.

Unfortunately, many who find our National Sea of Debt less than desirable believe it is unavoidable and thereby resign themselves to the condition as a natural and normal part of your federal system.  IT IS NOT and at a great price, we allow it to continue.  Of course, it would be difficult and incredibly painful to force the federal government to live within its means, but failure to take that bold action will further erode our Liberty and Freedom.  Our National Debt, as of this writing is about $100 BILLION short of $20 TRILLION.  We are on a path of spending and debt that can only end in a complete collapse of our financial system and that will mean financial ruin for millions if not most Americans.  The negative impact on the world, should America’s financial system collapse would be catastrophic and plunge the world into a condition conducive for diabolical powers to TAKE TOTAL CONTROL as they offer us a lifeline and become our savior.  They are not saviors but despotic tyrants who want to RULE with an IRON HAND and we would be their serfs.

I make no apologies for using the Bible and biblical principles in my arguments for things political.  I am who I am and who I am is a believer in the God, the Bible, and identify myself as a Christian.  Therefore, my worldview is filtered through the prism of my faith and understanding of God’s Word and His precepts and principles.  I go to the Bible for guidance regarding debt and quickly find the warning in Proverbs 22:7, “the borrower becomes the lender’s slave.”  I would contend, as have many others, that to the degree that a person is indebted that person’s individual liberty diminishes by the same proportion or ratio.  Your possible options regarding what you can do with your income or increase in wealth are limited by the amount of debt you possess.  The greater your debt the fewer options you have and the more that someone else determines what you can do with your money.  Debt is ownership in a very real sense.  Whoever holds the note is the owner. That is true for individuals, corporations, or nations.

God warned Israel to avoid debt as we find in Deuteronomy 15:6, “For the Lord your God will bless you as He has promised you, and you will lend to many nations, but you will not borrow; and you will rule over many nations, but they will not rule over you.”  The idea of ownership is seen in debt for the one lending was the one ruling and the one borrowing was the one being ruled.  America who rules us?  Thomas Jefferson offered a profound warning and explanation, “To preserve their [the people’s] independence, we must not let our rulers load us with perpetual debt.  We must make our election [choice] between economy and liberty, or profusion and servitude.”  WE FAILED THAT TEST and did not HEED THAT WARNING and it is drowning us and destroying our republic.  The revelation is clear that frugality produces liberty and debt results in a form of slavery.  Those who are addicted to the entitlements provided by the government have opted to sell their Liberty for Sustenance.  Those who are driven by instant gratification and adopted a Play now Pay later mentality are slaves to their debt. They are owned by the bank and mortgage company as those entities allow them to enjoy the objects of their servitude as they seek ease and comfort.  At what price do we sell our Liberty?

Thomas Jefferson, one of the most prolific antagonists against excessive government and government spending also warned, “The forehorse [lender] of this frightful team is public debt.  Taxation follows that and in its train wretchedness and oppression.”  Not a very pretty picture of a nation buried in excessive debt, is it?  Jefferson also declared that he, “placed economy [frugality] among the first and most republican virtues, and public debt as the greatest dangers to be feared.”  Alexander Hamilton as well as George Washington, Ben Franklin, and others continually and repeatedly warned of the SEA OF DEBT that would drown our Republic.  WE HAVE IGNORED THOSE WARNINGS and opted for ease and comfort over Freedom and Liberty.  We have willingly sold ourselves into slavery by allowing politicians of all stripes to lade us with debt that generations in the future will not be able to pay.  George Washington said, “The progressive accumulation of debt…ultimately endangers all governments.  No pecuniary [monetary] consideration is more urgent than the regular redemption and discharge of the public debt…”   THAT SOUNDS LIKE A FOREIGN LANGUAGE IN TODAY’S AMERICA.  Politicians would turn against the Father of our Nation and call him names worse than they are calling Donald Trump were he to step on the scene and declare that today.

AMERICA, we cannot afford the entitlements now being granted to citizens, non-citizens, and other nations.  We cannot afford the continuation of mortgaging our future by assuming debt that will eventually make us subservient to other nations, nations who desire our destruction, not our success.  We cannot afford to allow politicians to bury us in a sea of debt to facilitate their political bribery and cronyism.  We MUST, in government, as in our personal situations, LIVE WITHIN OUR MEANS.  No, there is not enough money in America to satisfy the insatiable monetary appetite of politicians so increasing taxes will not solve the problem.  We must IMMEDIATELY reduce spending, cut the budget, and develop a budgetary process where cuts are real, spending is reduced, and the debt is retired.  THAT is a CONDITION of AUSTERITY and will BE PAINFUL.  It will cause many politicians to lose their jobs and may cause such resistance from those totally dependent on government to take to the streets.  WE MAY BE TOO FAR DOWN THE ROAD OF DESTRUCTION TO TURN BACK.  I pray that is not the case.

God, bless you and God bless America!

 

 

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