This a good metaphor on how we are handling our national debt.

“It’s like you and your missus announcing you’ve set your new credit limit at $1.3 million, and then telling the bank to send demands for repayment to Mr. and Mrs. Smith’s kindergartner next door.”    Mark Steyn

That about captures what is going on. Aside from all the complications when economists get involved, everyone knows one should not spend money that is not there before it is spent. I actually lived before the days of credit cards, so this was quite an easy lesson to learn growing up. It was much harder to get into debt. It should be something that is hard to do, not easy to do. This year, the federal government borrows 43 cents of every dollar it spends, a ratio that is unprecedented.  As Steyn notes, in the book, “Financing U.S. Debt: Is There Enough Money In The World – And At What Cost?”, the authors’ answer is yes, technically, there is enough money in the world – in the sense that, on current projections, by 2020 all it will take to finance the Government of the United States is for the rest of the planet to be willing to sink 19 percent of its GDP into U.S. Treasury debt. Which Kitchen and Chinn say is technically doable. Yeah. In the same sense that me dating Scarlett Johannson is technically doable. Unfortunately, neither Scarlett nor the rest of the planet is willing to do it. It’s not 2020, and we’re not yet asking the rest of the planet for a fifth of its GDP. But already the world is imposing its own debt ceiling. Most of the debt issued by the Treasury so far this year has been borrowed from the Federal Reserve. That adds another absurd wrinkle to the D.C. charade: Washington is negotiating with itself over how much money to lend itself.

Now we have figured out that we don’t have to pay it back at all. We can have future generations pay our bills. What an idea!!! Unless you are an adult and actually think that adults should take care of children. Stop me if I am wrong here, but humans are the only animal life on the planet that will actually take care of and raise grandchildren. There is a reason we have been given this DNA. But we are doing our best to go against the natural and instinctual.

If we have enough politicians that want to tell the truth rather than simply get re-elected, this kind of game is over. It is the same in the church. If we had enough pastors that simply wanted to teach what the Bible teaches as true, rather than keep their incomes rolling in, how much better off the church would be. Sure, lots of pastors would lose their heads. What’s new in that? Actually, what is new is that the numbers of pastors who believe it should never come to that is increasing.

Same-sex marriage, rampant divorce and multiple marriages among church leaders with very lost children, the doctrine of eternal lostness and Jesus Christ as the only way to God, the authority of the Bible, the confrontation with militant Islam are all topics that most pastors avoid like a third rail. And churches sit idly by while their pastors offer gruel for spiritual meals while the church anemically wastes away. The very consciences of the congregations get no spine-supporting, courage-building, conviction-stirring assistance from pastors.

No one wants to be professionally mean. And it can turn into that, if one is not careful. It is necessary to do that soul work, as a pastor, which keeps the heart soft with the miseries and ills that afflict us and which the eternity before us will seal. It is necessary to have a whole-hearted satisfaction in Jesus as glorious and most excellent. We are to go amongst the people not as their severest critics but with the greatest of good news, satiated with the awareness of what the gospel can do to someone who believes it.

One thought on “This a good metaphor on how we are handling our national debt.

  1. Don,
    We are enjoying your blog (just discovered). This post is similar to one by Kevin O’Brien on usury at [link=http://thwordinc.blogspot.com/]Theater of the Word[/link].

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