15. Debt

QUESTIONS:

  1. Review the fact that if the government was a personal family, then the numerical equivalents would be that the family would have an income of $52,000, but would be spending $60,800/yr and would have $308,000 debt on its credit card. How long could a family make it like that? How long can a nation make it like that? (135-137)
  1. George Bush ran the debt from $5 Trillion to $9 Trillion. Barack Obama, when he was running for president in 2008, said that President George W. Bush’s increase of the debt was “irresponsible and unpatriotic,” and yet, President Obama increased the debt from $9 Trillion to nearly $20 Trillion, not including unfunded liabilities. Is debt a moral and biblical issue? If so, why? If not, why not? Does the phrase “Thou shall not steal from future generations” have relevance to this? In what way?
  1. On page 139, Garlow says, “Pastors do not need to become more political. They need to become more biblical. The Bible has many verses that speak to economics whether it is economics of the family, government or any entity.” What does he mean by that? Is the national debt a biblical, theological, moral and ethical issue that should be addressed? Why or why not?