Recovery Road – Part 3: Our National Debt (Spending) Crisis

We can be a nation that makes interest or that pays interest. The choice should be obvious. Yet, somewhere along the way, our national perspective on that choice changed. Debt used to be a burden of the poor. Now it’s a ‘tool’ used by everyone from the richest to the poorest. We need to be reminded of God’s financial wisdom—wisdom that has been in the bible for 2,000 years. Maybe now is the time to start listening.

BIG IDEA: Credit is reaching into your future and grabbing money to spend it in the now.


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Check out the sermon manuscript or watch online to see the whole message.

Download the Group Discussion Guide here.

Budget Spending by the US Government:

U.S. Tax revenue: $2,170,000,000,000          (2.17 trillion)

Fed budget: $3,820,000,000,000                    (3.82 trillion)

New debt: $ 1,750,000,000,000                     (1.75 trillion)

National debt: $14,271,000,000,000              (14.271 trillion)

Recent budget cuts: $ 38,500,000,000           (38.5 billion)

Now, remove 8 zeroes and pretend it’s a college student’s budget:

Annual income: $21,700

Money the student spent: $38,200

New debt on the credit card: $17,500

Outstanding balance on the credit card: $142,710

Total budget cuts: $385

The budget should be balanced, the treasury should be refilled, public debt should be reduced, the arrogance of the officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest our nation become bankrupt. People must again learn to work, instead of living on public assistance.

 

1. You can’t have everything you want.

2. You can’t even have everything you can afford.

3. You have to live on a budget.

4. When the money runs out you have to quit spending.

For where your treasure is, there your heart will be also.

 Matthew 6:21 (NIV)

The LORD will send rain at the proper time from his rich treasury in the heavens and will bless all the work you do. You will lend to many nations, but you will never need to borrow from them.

Deuteronomy 28:12 (NLT)

The wealthier you are, the more you owe.

Just as the rich rule the poor, so the borrower is servant to the lender.

Proverbs 22:7 (NLT)

Sub Prime Loan: A loan offered at a rate above prime to individuals who do not qualify for prime rate loans.

Recovery begins when we embrace the fiscal discipline required to become a nation that lends rather than borrows.

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