Man and Wife

The Holy Spirit inspired Moses to write:

This is the account of the heavens and the earth when they were created, in the day that the LORD God made earth and heaven. Now no shrub of the field was yet on the earth, and no plant of the field had yet sprouted, for the LORD God had not sent rain upon the earth, and there was no man to cultivate the ground. But a mist used to rise from the earth and water the whole surface of the ground. Then the LORD God formed the man of dust from the ground, and breathed into his nostrils the breath of life; and the man became a living person. The LORD God planted a garden toward the east, in Eden; and there He placed the man whom He had formed. Out of the ground the LORD God caused every tree to grow that is pleasing to the sight and good for food; the tree of life was also in the midst of the garden, and the tree of the knowledge of good and evil.

Now a river flowed out of Eden to water the garden; and from there it divided and became four rivers. The name of the first is Pishon; it flows around the whole land of Havilah, where there is gold. The gold of that land is good; the bdellium and the onyx stone are there as well. The name of the second river is Gihon; it flows around the whole land of Cush. The name of the third river is Tigris; it flows east of Assyria. And the fourth river is the Euphrates.

Then the LORD God took the man and put him in the Garden of Eden to cultivate it and tend it. The LORD God commanded the man, saying, “From any tree of the garden you may freely eat; but from the tree of the knowledge of good and evil you shall not eat, for on the day that you eat from it you will certainly die.”

Then the LORD God said, “It is not good for the man to be alone; I will make him a helper suitable for him.” And out of the ground the LORD God formed every animal of the field and every bird of the sky, and brought them to the man to see what he would call them; and whatever the man called a living creature, that was its name. The man gave names to all the livestock, and to the birds of the sky, and to every animal of the field, but for Adam there was not found a helper suitable for him. So the LORD God caused a deep sleep to fall upon the man, and he slept; then He took one of his ribs and closed up the flesh at that place. And the LORD God fashioned into a woman the rib which He had taken from the man, and brought her to the man. Then the man said,

"At last this is bone of my bones,

And flesh of my flesh;

She shall be called ‘woman,’

Because she was taken out of man.” For this reason a man shall leave his father and his mother, and be joined to his wife; and they shall become one flesh. And the man and his wife were both naked, but they were not ashamed. (Genesis 2:4-24 NASB) *

May the Lord bless the reading and the hearing of His Word.

 * https://biblehub.com/nasb_/genesis/2.htm

So Wrong

It is wrong to create a debt unless you have a reasonable and viable plan to repay it. Wouldn’t you agree?

It is difficult to discuss the US national debt in set terms because it is growing so rapidly. Internet sources put it at about $28 trillion, and the US Treasury Department says the debt was about $28.5 trillion as of June 2021.[1] In an article dated 3 May 2021, Forbes Senior Investment Contributor Mike Patton referred to an estimate by US DebtClock.org that the national debt may be as much as $89 trillion by 2029.[2] Deficit spending by the federal government for 2021 alone is projected to be around $3 trillion.[3] These figures do not include public debt held by state and local governments.

According to the “short scale” used in the United States, a trillion equals one million million. Stated differently, a trillion is one thousand billion.

Mathematics is not my strongest skill, especially when dealing with numbers this big. Does it not mean, however, that if the federal government made the necessary adjustments to achieve a three-billion-dollar budget surplus every year, it would take 1,000 years to pay off (only the principal on) the federal deficit spending for 2021 alone?

People have said that the only way the United States can pay off its national debt is to “grow our way out of it.” That is, increased revenue from economic growth is the only way we can successfully reduce or eliminate the national debt. Sorry, but I just cannot imagine how the US economy can grow enough generate the kind of revenue needed to satisfy a $28 trillion dollar debt in a reasonable amount of time.

In my opinion, if the debt continues to grow, eventually deficit spending will be necessary just to pay the interest. Does that mean that the debt will become impossible to pay off?

As if the current debt was not bad enough, the Democrats in Congress and the White House are fighting for legislation commonly referred to as the Infrastructure and Reconciliation Bills. If approved, the result could be as much as $4.5 trillion in additional deficit spending. The Republican minority seems to be unable to stop it.

The Democrats say that increasing the taxes paid by the “rich” (including business and industry) will fund the new spending they are proposing. Their opponents say that if the rich were taxed at 95 percent of their income, it still would not be enough to pay for the new spending the Democrats are asking for, let alone reduce the national debt.

What kind of people have we elected? What kind of people would saddle future generations with this kind of debt?* It is absolutely monstrous.

Further, the US dollar is the currency on which the value of the world’s other currencies are based. What happens if the value of the dollar plummets or is “revalued?” What happens if the American government defaults on the public debt? Could these precipitate a world-wide economic crisis? As Sarah Palin would say, “You betcha!”

Over the last 40 years, both political parties have engaged in policies that have created public debt. Both parties are responsible for the current national debt. Therefore, We the People must insist that the federal government use any and all legal means available to right this terrible wrong.

 

* Note: For all who have been the recipient of a free, compulsory American public education, future generations means our children, their children, and so on for the predictable future.

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[1] https://www.treasurydirect.gov/govt/reports/pd/mspd/2021/opds062021.prn

[2] https://www.forbes.com/sites/mikepatton/2021/05/03/us-national-debt-expected-to-approach-89-trillion-by-2029/?sh=7f66129a5f13

[3] https://www.cbo.gov/publication/57339