BUDGET OFFICE SAYS AMERICA FACES A DAUNTING BUDGET CHALLENGE 01/26/2011


by Moody Adams
"The United States faces daunting economic and budgetary challenges. The economy has struggled to recover from the recent recession, which was triggered by a large decline in house prices and a financial crisis — events unlike anything this country has seen since the Great Depression," the CBO report says, according to MSNBC. MSNBC.MSN.COM
The Liberals are in favor of raising America’s debt limits as the national debt nears the $14.3 trillion dollar limit. The majority of conservatives are in favor of raising the limits on our national debts with some concessions on spending. Out of every dollar the Government is spending, 40 cents is borrowed. Few Americans are in favor of cutting spending by 40 percent. So, the Congressional Budget Office says we are facing “daunting economic challenges.”
Let’s get honest. The cause and cure for America’s economic problems is extremely simple. We have become a nation of extremely covetous people. From the leaders in Washington to the lowest worker, we covet more than we can afford. The leaders of government covet staying in office to acquire more power and wealth. The common people covet more worldly things than they can afford. Creditors will provide these if they pay enough interest. Government will provide them if they vote right.

In the Ten Commandments it says, “Thou shalt not covet” (Exodus 20:17). This is one of the reasons these commandments are falling from favor in our country.

Covetous people are never satisfied: “Yea, they are greedy dogs which can never have enough” (Isaiah 56:11).
Covetousness leads to economic ruin: “Thou hast taken usury (high interest rates (and increase, and thou hast greedily gained of thy neighbours by extortion, and hast forgotten me, saith the Lord GOD Behold, therefore I have smitten mine hand at thy dishonest gain which thou hast made” (Ezekiel 22:12, 13).

Covetousness costs a nation the favor of God. God detest—abhors--the covetous: “For the wicked boasteth of his heart's desire, and blesseth the covetous, whom the LORD abhorreth “ (Psalm 10:30).

Even God’s chosen people in Judah were destroyed because of covetousness:“. . . “Every one from the least even unto the greatest is given to covetousness, from the prophet even unto the priest every one dealeth falsely” (Jeremiah 8:10).

Covetousness causes nations to depart from the Christian faith: “But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. 10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows. 11 But thou, O man of God, flee these things; and follow after righteousness, godliness, faith, love, patience, meekness” (1 Timothy 6:9-11).

Covetousness destroys democracies: “A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to lose fiscal policy, which is always followed by a dictatorship” (Attributed to Tytler, Lord Woodhouselee, Alexander Fraser (1854). Universal History: From the Creation of the World to the Beginning of the Eighteenth Century, Vol. I. Petridge and Company. p. 216).

We can overcome covetousness by giving more to the poor and to Christ’s ministry: “And he said unto them, Take heed, and beware of covetousness: for a man's life consisteth not in the abundance of the things which he possesseth . . . Sell that ye have, and give alms; provide yourselves bags which wax not old, a treasure in the heavens that faileth not, where no thief approacheth, neither moth corrupteth” (Luke 12:15, 33).

Churches are holding days of prayer for America, but there is little good that will come until Americans repent of their covetousness and be content to live with less.


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