Friday, August 5, 2011

Til Debt Do Us Part: He Who Goes a-Borrowing Goes a-Sorrowing

After watching the D.C. debt debacle, I thought of a question worth asking ourselves, "Now how many times are the Founding Fathers turning over in their graves?"

Of course the answer would be, "Trillions and trillions of times."

Frugal Benjamin Franklin said, "Think what you do when you run in debt; you give to another power over your liberty."

Thomas Jefferson reflected, "I, however, place economy among the first and most important of republican virtues, and public debt as the greatest dangers to be feared."

From the excellent book The 5000 Year Leap, I quote: "The Founding Fathers belonged to an age when debt was recognized for the ugly spectre that it really is. They considered frugality a virtue, and even when an emergency compelled them to borrow, they believed in borrowing frugally and paying back promptly."

The recent debt deal was no big deal. Our supposed savings over ten years, as if it really is going to happen in the first place, will be wiped out in two days of debt spending. It makes one wonder if the inmates are running the asylum.

Political pressure to fall in line is what many freshmen Congressmen learned the hard way. But that being said, there might be a silver lining behind it all. There has been a recognizable paradigm shift in our nation's capitol. Over one hundred times in the past has the debt ceiling been raised without a whimper coming from the city on the Potomac. But this time we heard an economic revolutionary shot that was heard around the world. The political establishment does not like it one bit, because they see an erosion of their power.

That is what everything is all boils down to anyway--we need to keep huge voting blocs of government dependents happy, so they can return the favor on election day. They are not called "entitlements" for nothing. Harry Hopkins, advisor to President FDR, put it this way: "Tax, tax--spend, spend--elect, elect."

And to make the silver lining more silvery, I heard that the debt deal has put the funding of Obamacare in real jeopardy. I would not mind if it were in double jeopardy, and then final jeopardy. So, in the spirit of Joseph, "what they meant for evil, may just turn out for good."

"A government big enough to give you everything you want is strong enough to take everything you have."

That last quote by Thomas Jefferson sums it all up well. One reason why I love to quote T.J. is because he is supposed to be the darling of the liberals; he who is the supposed "non-Christian deist among a group of Bible thumpers" is the most admired among the Founding Fathers by those who cherish Big Government. Most liberals only think of one thing Jefferson ever said, and that is his statement regarding a wall of separation between church and state. (Which by the way was a line in a letter he wrote to some Baptists, whom he reassured that there would be no State Church like there was in Europe; hence, there would be a wall of separation between church and state.)

The book of Proverbs says that the borrower is servant to the lender. We got rid of one kind of slavery in this country; hopefully we can get rid of another kind of slavery, an economic one, this time without 600,000 casualties on battlefields, though.

Romans 13:8 says we are not to owe man anything (not to keep any debt outstanding), but to love one another, for that is the fulfillment of the law. The most loving thing to do is not for you to go deeper in debt at home by providing your family with all sorts of goodies you can't afford; there is not much love in a home where there is so much constant fighting done over money matters, particularly over unpaid bills. Proverbs also talks about the superiority of eating just veggies where love is than having the best cut of beef where there is strife.

On a national scale, the same principle applies. The Big Government crowd think they are doing the most charitable thing by giving hand-outs through a variety of entitlement programs (we have more people on food stamps now than at any time in our nation's history!). In actuality, the reverse is true. Our country is so divided right now and so deep in debt and so embroiled in tension and strife and in such an economic tailspin. How exactly is that a picture of love?

Our family has been blessed from the Lord by being out of debt, There have been times in the past when we had to pay out medical bills over an extended period of time, without any interest involved, but we have learned the joy of being free from financial bondage. Those married couples who worked long and hard to get out of debt know what I am talking about.

Paul in Philippians 4 talks much about contentment, and how we must LEARN to be content. It is a valuable lesson we need to learn as individuals and as a nation. We have two competing principles: Either God is able to supply all your need according to His riches in Christ Jesus, or Government is able to supply all your want according to its continued borrowing and printing of money in D.C.

"My God is bigger than your government."

(Thomas Jefferson didn't say that one, but he could have.)