Can you really spend your way out of debt?

I am embarrassed it has taken me so long to post to this blog again. I will post to this much more often…

Our Creator has given to each of us our agency (i.e. our ability to choose). When we make certain choices, we enhance our freedom to act. Other choices restrict our freedom to act thereby enabling us to be acted upon. As a result, we enable our circumstances to control us. For decades, a significant number of politicians from both political parties have been restricting our nation’s freedoms a little bit at a time by engaging in deficit spending often under the pretense of providing the people with ‘entitlements’. Funny thing though, all of the entitlement spending being discussed today isn’t a right guaranteed under the Constitution. I re-read it just last week t o make sure I hadn’t missed something…

Thomas Jefferson once warned against the welfare state when he said: “If we can prevent the government from wasting the labors of the people, under the pretense of taking care of them, they must become happy. …we shall all consider ourselves unauthorized to saddle posterity with our debts, and morally bound to pay them ourselves; and consequently within what may be deemed the period of a generation, or life [expectancy] of the majority.” (As quoted in The Five Thousand Year Leap, W. Cleon Skousen, p.27)

I recently had an interesting experience while listening to a news program on the radio. There was a panel of people discussing how to get our nation out of the current economic disaster we are in. In the 15-20 minutes that I listened, the panel spoke of what seemed like a plethora of different ways that the government needed to spend money to facilitate the economy’s recovery. It was startling to me that not one person suggested that the government actually curtail spending or cut costs. That’s what the rest of us do when we are struggling financially. Is there not any common sense?

As a nation, with every dollar of deficit spending, we are bringing ourselves into greater bondage and servitude to those who purchase our debt. Deficit spending must stop if we are to endure as a nation! We are breaking ourselves against a natural law. Is it any wonder that the Jesus has referred debt as a form of bondage?