I'm looking forward to not hearing about the "debt crisis," or the "debt ceiling" for a while. At least I'm hopeful.
Some of my smarter, better informed friends can correct me if I'm wrong, but I understand what just happened/is happening like this:
Everyday we spend more money than we take in. In order to finance this deficit we sell savings bonds to grandparents as birthday gifts for their grandkids, and treasury certificates to the Chinese because they have our best interest at heart..
Somewhere along the line somebody got the idea that this might not be the best way of doing things, so some law was passed that set a limit on just how much red-ink we could use.
That law, regulation, scout's-honor promise--whatever it is--has proven to be no real impediment to our continued, and increasing indebtedness, however, because whenever we feel the ceiling brushing our fiscal spike-hairdo we simply raise the limit. I read that we have done so 74 times since March of 1962. I have no doubt, though, that Congress felt really bad every time they did.
As this current debt ceiling approached somebody got the bright idea--who let this guy in?--that maybe this continually spending more money than we have coming in wasn't such a good idea. I mean, what if the Chinese show up and offer to break our thumbs? So, totally ignoring the long-standing rules this gang of thugs--he recruited some like-minded friends-- said we won't raise the ceiling unless we slow the flow of red-ink--turning it off completely would cause National D. T.s. so that was never seriously considered.
Thus the horse-trading, arm-twisting, back-scratching, and log-rolling began. We now have a piece of legislation that no one likes--giving it the GOLD-STANDARD BIPARTISAN Compromise Seal of Approval--but which will get enough nose-holding "Ayes." to stave off Debt-a-geddon one more time.
Whew!
OK, here is an undeniable debt crisis, and a totally real solution we should all--and I mean "all"--really--and I, likewise mean "really"--get excited about:
" . . . where sin increased [that brings about an indebtedness that will cost us out lives Romans 6:23*], grace [resulting in forgiveness of that debt] abounded all the more," (Romans 5:20
It's STTA.
To find out how you can infinitely raise your debt-ceiling look here.
(Romans 6:23, "For the wages of sin is death, but the free gift of God is eternal life in Christ Jesus our Lord.")
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