Tag Debt

Some Horror Stories Just Never End: Stimulus Part IV

Allen Frederick Leave a comment

Talk about a nightmare on elm street. This is the nightmare on capital street. The definition of insanity is doing the same thing over and over again expecting different results. Well guess what it has not worked the first three times you tried it and it is not going to work the fourth time.

I hope and pray for change this November or America is doomed.

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Obama and Democrats Place Economy on ‘Crash Course’

Allen Frederick 1 Comment

Great Depression: man dressed in worn coat lyi...
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This is serious business folks. These ‘fools’ in congress have spent us beyond our ability to recover. It is imperative that ‘fiscal conservatives‘ step in and apply the brakes to this run-away, federal spending, train wreck. It has become increasingly obvious even to the causal observer that federal spending is out of control.

Come on people vote these fools out of office and take our country back from these ruinous democrat policies. The good times are over, it is time to get off the party train and take some fiscal responsibility before it is all over. Which may come sooner than you think.

Amplify’d from www.americanthinker.com
Warning signs are everywhere — most of them carefully phrased and nuanced, but warnings, nevertheless. Greece and, closer to home, California are painful reminders of what could happen. CNBC is reporting that the Dow is repeating patterns that prevailed just before the Great Depression. The U.S. workforce suffered one its sharpest declines ever — a drop of 652,000 — in June. Economists claim that “wages are flirting with deflation.” It’s hard to find good news on the financial front. Now, the Congressional Budget Office (CBO) just released its “Long-Term Budget Outlook” to confirm what people already feared: The national debt is devastating for the future of America. According to the CBO, “the federal government has been recording the largest budget deficits, as a share of the economy, since the end of World War II.” As a result, the CBO paints a very bleak picture of our nation’s future prospects. Further, as the world’s remaining superpower, this country’s terrible financial condition affects all other nations — a fact that makes the CBO report even more alarming.
Sadly, Shaw’s dismal picture is not sobering enough. Douglas W. Elmendorf, director of the CBO, noted that the nation’s debt to GDP surged from 40 percent to 62 percent in just two years.
To compound the alarm, the CBO admits to understating the severity of the problem because its report does not include the negative impact that “substantial amounts of additional federal debt” would have on other aspects of the nation’s economy.

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Bankruptcies at all-time High

Allen Frederick 2 Comments

Random ramblings from the resident raptor.

Insight for your “Journey across the Sky”

A View from the Nest www.eagleviews.org


BANKRUPTCIES AT ALL-TIME HIGH

Empire of Debt: The Rise of an Epic Financial Crisis

This topic of bankruptcy caught my eagle eye and I thought I would respond. Many financial talking heads like Larry Burkett and others speak about the Christian’s obligation to repay debts even if they file bankruptcy and that really got me to thinking. When GOD established Israel He instituted laws to regulate the society based on HIS way of doing things. Let’s take a look at what God had to say about this subject of borrowing and exacting usury.

Exodus 22:25 through Exodus 22:28 (NIV)

“If you lend money to one of my people among you who is needy, do not be like a moneylender; charge him no interest. If you take your neighbor’s cloak as a pledge, return it to him by sunset, because his cloak is the only covering he has for his body. What else will he sleep in? When he cries out to me, I will hear, for I am compassionate.

Again we read:

Leviticus 25:35 through Leviticus 25:37 (NIV)

“‘If one of your countrymen becomes poor and is unable to support himself among you, help him as you would an alien or a temporary resident, so he can continue to live among you. Do not take interest of any kind from him, but fear your God, so that your countryman may continue to live among you. You must not lend him money at interest or sell him food at a profit.

Deuteronomy 23:19 through Deuteronomy 23:20 (NIV)

Do not charge your brother interest, whether on money or food or anything else that may earn interest. You may charge a foreigner interest, but not a brother Israelite, so that the LORD your God may bless you in everything you put your hand to in the land you are entering to possess.

And then there is:

Proverbs 28:8 (NIV) \

He who increases his wealth by exorbitant interest amasses it for another, who will be kind to the poor.

Now then we see that IF WE Christians were living like we were supposed to be living we would not be in the position of being in debt to THOSE WHO EXACT USURY. We are commanded to take care of our brothers and sisters and to lend without interest so that our brothers and sisters can remain amongst us. I am not going to expound too much on that. I think that is pretty self explanatory. NOW then if someone is in debt what did God say to do about it?

The Year of Jubilee was when all debts were to be forgiven and property being held returned to the original owner. Now then it seems like God had a great way of dealing with borrowing and debt relief. HOWEVER in our modern world we seem to have for-gotten God’s ways and replaced them with a system that exacts usury on its citizenry WITHOUT a method of redemption. I feel that bankruptcy is the closest thing to THE YEAR of Jubilee we have going for us and if a person gets into the bondage of HEAVY DEBT and is being TAXED with HEAVY usury then it is only fitting that there is a way of escape.

It would seem the financial talking heads today are missing this very important portion of GOD’S economy. Take care of our OWN and help our brothers and sisters out without taking advantage of them with excess interest. And if they do happen to get into a mess then in the year of Jubilee which came around once every 50 years then all those debts are supposed to be forgiven.

Interesting, many Christians pray THE Lord’s Prayer which addresses FORGIVING OUR DEBTS as we forgive those who are indebted to us. But then we turn around and exact excessive interest on our brothers and sisters and place them in bondage. THIS ought not to be.

It really is no wonder that America finds itself in a real financial mess. We have been violating the laws of God for quite a long while and it has only led us into financial bondage and an unbridled lust for more. We have been living beyond our means for quite some time and I guess to quote the Reverend Jeremiah Wright “America’s chickens have come home to roost”. Or in other words we have sown the wind and have reaped the whirlwind. (Hosea 8:7)
We can not continue to spend beyond our abilities to repay without ending up in some sort of slavery. Without a remedy of forgiveness those who are thusly enslaved will remain that way until they have paid their debt in full.

A person without good sense closes a deal with a handshake. He guarantees a loan in the presence of his friend. Prov 17:18 (GW)

From the sounds of things Christians should not have a problem with debt if we were living according to the scriptures. What say you?

But those who are waiting for the Lord will have new strength; they will get wings like eagles: running, they will not be tired, and walking, they will have no weariness. Isaiah 40:31 (BBE)
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