The Love of Money


For the love of money is the root of all evil…

1 Timothy 6:10

 

America has a serious money problem.  We love money and “things” way too much.  The United States is easily the most blessed country in the history of the world.  Any and every potential resource in this world is available to those who live in this great land.  Not to be all preachy, but it’s clearly obvious that we’re not being good stewards with what God has blessed us with.  This country was founded on Judeo-Christian values; we can’t escape those roots.  Being responsible for what we are entrusted with and being generous with our wealth is a principle our founding fathers believed in, and is not at all controversial or radical.

The growing debt problem is extremely scary to someone like me who isn’t independently wealthy.  I look at a national debt that is over $14 trillion (and growing) and I wonder how so much was amassed in less than 15 years.  At this current rate, what will the debt look like in the next 15 years?  Who in their right mind trusts our bumbling Congress to do what’s right when it comes to this fiscal crisis?

 

 

Republicans have been adamant for years that the debt issue needs to be addressed.  It was mainly rhetoric because for years they refused to raise taxes even one penny.  It doesn’t take a genius to realize that to pay off debt it’s crucial to increase revenue AND decrease spending.  The GOP wasn’t for that increased revenue part.  Of course it was all selfish gain because increased revenue equates to higher taxes, which would cut into their already massive surplus; no more extra houses, cars, ski resorts, or girlfriends.  Fast forward to 2013, and the GOP finally agreed to not stop automatic tax increases on the wealthy.  Regardless of their motives, they allowed the increase revenue part of the equation to take hold.

Obama and the Democrats have been pitching increased revenue for a while (rightfully so), but are struggling mightily with the decreased spending part.  Despite getting that tax hike on the wealthy he so desperately wanted, when asked about the national debt and extending the debt ceiling Obama is incredulous that the GOP would like to debate this.  He says that it’s not a debatable issue.  I understand because we’ve already incurred these current debts.  But at the same token, shouldn’t continuing to borrow despite already having a maxed out credit card also be a nonstarter?  No matter how savvy of a talker I am, my Chase Freedom credit card will be declined at the register if it’s already at the limit.  Obama and the Dems are looking for tax loopholes to increase revenue even more to address the national debt.  That’s nonsense.  They’re ignoring the part about decreased spending, just like how the GOP ignored the increased revenue part for years.

 

 

Continuing to fund Medicare and Social Security at their current levels will bankrupt this country.  It doesn’t take someone with an economy degree from an elite university to decipher that if there are more older people than ever before living longer than ever before, that’s a lot of unaccounted for expenses.  Moreover, if the number of older people outnumbers the number of people putting into the pot, the pot is going to soon be filled with cobwebs.  This is the decreased spending issue.  Obama and the Dems HAVE to do something about the entitlement reforms.  The president is a very intelligent man, as he has demonstrated on many occasions.  No one questions his intellect; what is in question now is his courage to challenge his own party.  Democratic Congressmen (and women) do not want to touch the entitlements because they believe that would kill their chances at re-election.  This fact isn’t lost on Obama, but will he do the right thing and propose a change, or keep catering to his party’s mantra of more increased revenue.  There is no more increased revenue to be had.  The unemployment rate is high, gas prices are through the roof, no one has any more money to give. I don’t know what the answer is for restructuring Medicare and Social Security, but I know there needs to be one.

 

Obama is going to have to ignore his party, the AARP, and signs like this and simply do what’s prudent for the country

 

Money can make people do really bizarre things.  Think about two of the biggest double crossers in the bible: Delilah, in the Samson and Delilah story, and, of course, Judas Iscariot.  Delilah betrayed the man who loved her for a good amount of silver.  Judas infamously sold out Jesus for 30 pieces of silver.  It is well known that Judas didn’t even spend the money that he received for his betrayal.  This desire for money can completely pollute and consume a person’s entire mind, emotions, and decision making. Why so much fuss about money?

As the song goes:

For the love of money
People will steal from their mother

For the love of money
People will rob their own brother

For the love of money
People will lie, rob, they will cheat

For the love of money
People don’t care who they hurt or beat

America has a huge money problem, and is unfortunately getting dangerously close to this stage.

 


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