President Obama projects that the gross federal debt will top $15 trillion this year, officially equaling the size of the entire U.S. economy, and will jump to nearly than $21 trillion in five years' time, according to the Washington Times.
Does anyone really know what the ramifications of this massive debt means to us as a free society? I am beginning to wonder what the masses of humanity really know. When it comes to economics, not much! If you want to get a clue you just might pick up your Scriptures and read Proverbs 22:7. If you don't have your Scriptures readily available. Proverbs 22:7 states, "The rich rules over the poor, and the borrower is servant to the lender." Let's see now. Simply substitute United States for borrower and China for lender. Do you comprehend the picture? I hope you do!
No comments:
Post a Comment