Borrowing from Other Nations
It’s no secret that the U.S. Government has been borrowing unprecedented amounts of money in an effort to stave off financial calamity (cf. Ip, 2009; Zuckerman, 2009). The sum of all recognized debt of federal, state, and local governments, international, private households, business and domestic financial sectors in America is now $57 trillion (Hodges, 2009). The majority of that debt has accumulated just in the last three decades, with 79% ($45 trillion) of total debt created since 1990. America is, in fact, the world’s largest international debtor (Hodges).
So what? Is that bad? After leading the nation for 40 years, before departing this life, Moses delivered a magnificent speech to the new generation of Israelites pertaining to their imminent occupation of the Promised Land. In his farewell remarks, God empowered him to articulate critical factors necessary to national survival. He also delineated the specific curses that would afflict the nation if it turned its back on God and His Word, as well as the specific blessings that would enrich the nation if the citizens maintained their commitment to God. Here are insightful, relevant social, political, and economic factors that beckon the attention of the United States of America.
Consider just one: In view of the economic woes facing our own nation, one feature in particular ought to give every American pause. It is listed first in the series of blessings that would characterize the nation if its citizens and leaders would “diligently obey the voice of the Lord your God, to observe carefully all His commandments” (Deuteronomy 28:1). That blessing? “You shall lend to many nations, but you shall not borrow” (vs. 12). If, on the other hand, the nation declined spiritually by failing to obey God and keep His commandments, aliens would lend to them (vs. 44).
Economists, politicians, and all Americans should beware. The God of the Bible has articulated precisely the details of national success as well as national catastrophe. We would do well to give sober consideration to them. America is moving swiftly down a pathway to destruction—and that end result will be due to a single factor: America’s shift away from offering due respect and submission to God and Jesus Christ. The solution?
If you diligently obey the voice of the Lord your God,...the Lord your God will set you high above all nations of the earth. And all these blessings shall come upon you and overtake you, because you obey the voice of the Lord your God (Deuteronomy 28:1-2).
Hodges, Michael (2009), “America’s Total Debt Report,” Grandfather Economic Report, June, [On-line], URL: http://mwhodges.home.att.net/nat-debt/debt-nat.htm.
Ip, Greg (2009), “We’re Borrowing Like Mad. Can the U.S. Pay It Back?” The Washington Post, January 11.
Zuckerman, Mort (2009), “Drowning in Debt: Obama’s Spending and Borrowing Leaves U.S. Gasping for Air,” New York Daily News, October 10.