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Dr. Jim Garlow is a lifelong pastor who most recently served in San Diego, California, and now leads Well Versed, a ministry dedicated to bringing biblical
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The Historical and Current Crisis of National Debt 0:10 We welcome you to chapter 44 of the book Reversed from Culturally Woke to Biblically Awake. What is chapter 44? That's the national debt. I wanna take you all the way back0:22 to 17 94. 17 94, pastor by the name of Joseph Lathrop in Massachusetts preached the following words, with a free people,0:34 the 1st object should be to prevent a public debt. Rewind that. With a free people, like America, the 1st object should be to prevent a public debt. When 1 is incurred with0:46 necessity, the next object should be to extinguish it as soon as the abilities the people will permit. In other words, if you have a debt, pay it quickly. And here's the next line. Complete liberty and an0:58 immense debt are incompatible. Read that again. Complete liberty and an immense debt are incompatible. For 150 years, we had1:09 a balanced budget as America. And if we did have wartime debt, we paid it off as quickly as we can. Then came the belief that periods of economic decline, stagnation, budgetary1:21 deficits could all serve as stimulus to economic activity, and we started running up a national debt. We overlooked the fact that Proverbs 22 7, the borrower is a servant to the lender. What1:33 is our debt? Well, you know about what it is. If it was 37 dollars, we could handle it. If it was 37000, we could handle it. Now here's what it looks like when1:45 it's 37000000. But what if it was 37000000000, but it's 37000000000000. Those numbers these numbers, when1:57 we go in the billions and trillions, we are in such excessive numbers, we don't even have the ability to grasp actually how many that is. And that is going up every2:09 2nd of every single day. Just to pay the interest on this, the paying the interest is more than we pay for veterans benefits, transportation, for education. If you have the book reversed in front2:21 of you, look at the bottom of page 3 65. Look at the bottom. By fiscal year 20 31, the US will spend more on interest than on non defense discretionary spending,2:33 transportation, veterans, education, health, international affairs, natural resources and environment, general science, technology, general government, and more. Just on2:44 the interest on what is taking place. We we are we are we are like an individual whose consumer debt is so excessive because we want instant gratification.2:57 We want it right now, and we have to have it now. So we can't possibly save up for it. In my book, Well Versed now Well Versed, the the book we're walking through now, as you know, is Reversed from Culturally Woke to3:08 Biblically Awake. But the book that came out before, a number of years ago, is called Well Versed. This 1 addresses 60 30 topics. This is in 60. In Well Versed, it's biblical answers to today's tough3:20 issues. Here's a statement I made on the national debt issue back at that time. What if we 1st saved the money then made a purchase? What are happen whatever happened to earning the money to pay for3:31 something ahead of time, being patient, being appreciative for what has been worked for? That seems to be gone. So the result is look at the top of 3 67 of your3:43 book. 1st Timothy 6 6 through 9 says, but godliness with contentment is great gain. But that's just the tip of the biblical iceberg about money. There are more than3:54 2350 scriptures that talk about money and our use of it. For some perspective, there are only about 500 verses about faith and prayer. And of Jesus' 384:06 parables, 16 relate to the subject of money and possessions. Even the 2 and 2 of the 10 commandments deal with possessions, don't covet, and don't steal.4:18 Psalm 37 21 warns us over and over, the wicked borrow and do not repay. Now I've tried over the years, particularly since 20 124:30 on, I've tried to help people understand that the national debt, this issue is a moral issue. It's a biblical issue. It's an4:42 ethical issue. It means that pastors and preachers ought to be talking about this. The scripture talks about this. And, from 20 12 on,4:54 I've tried to make the case to pastors that this is something that ought to be preached on. I once was with my friend, congressman Bob McKeown, and I said, congressman, what percentage of members5:06 of congress do you think attend a bible believing church? He said, probably about 20 percent. Now that that that I hope that's right. It feels a little bit high to me. I would think it'd be a lower than that, but what5:17 percentage of members of Congress actually faithfully attend a Bible believing church? Well, let's suppose it's 20 percent, his number. Of those 20 percent, how many of those members5:29 of congress have ever heard a single sermon on the topic of the scriptural or theological understanding of national debt? I doubt it's ever been referred to5:41 hardly any sermon at all. Now if it's not coming from the pulpit where are members of congress supposed to get biblical truth on this particular issue, I tried to get5:53 a resolution passed in my own denomination on this issue. And some of the top leadership said, oh, no. No. That's that's just a republican issue. No. National debt is not just a republican issue.6:05 It's a moral, biblical, ethical, it's a theological issue. We ought to care about national debt. When I brought it up and tried to get it passed through, our own general conference6:17 couldn't get any interest in it. It was regarded, oh, that's that's that's political. The fact is that when a nation or an individual or an institution or a college or a church or any6:28 corporation runs up excessive debt, it eventually comes due. And the the the cost it's going to be, the the the price it's going to extract can6:40 be severe. The Bible is crystal clear. Thou shalt not steal from future generations. We are violating the scripture. I'm trying to6:52 move us from being culturally woke to biblically awake.6:57 Now let us pray. Heavenly father, we repent for actions that have contributed to our national debt. This is a sin that burdens our country.Biblical Principles on Debt and Stewardship 7:09 We have fallen far short of wisdom and guidance in managing our resources. We repent for unwise spending, lack of stewardship, for greed, and neglect. We ask you to give7:21 wisdom to its our leaders and our policymakers so that they may make responsible decisions, provide for the nation's needs, and7:33 give guidance in all aspects of our lives, including our financial well-being. We thank you, father, that we will be wise stewards.7:46 We thank you father for your help in removing the debt that plagues us in our future generations. In Jesus' name, amen.7:57 We hope you enjoyed the video. Thank you so much for watching. Hey, don't forget to check out the discussion questions that are attached. Have a fun time studying and we will see you in the next chapter.In this video 0:00 The Historical and Current Crisis of National Debt7:00 Biblical Principles on Debt and Stewardship9:00 Debt as a Moral and Theological Imperative11:00 Prayer of Repentance and Wisdom for Leaders
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