What does that number mean to you? Just to give you an update on the state of our economy. I want to briefly talk about debt and how it is crippling our society. There is appoximately $38.1 Trillion owed domestically here in the United States. That number blows my mind.
Is it surprising? No. We live in a society where we have substitued the American Dream for American debt. We have seen a transfomation in our country from a people who will work to save and pay for things, to a country with an entitlement spirit where it has become our right to get whatever we want, whenever we want it.
Let me finish our equation. $10.3 Trillion. This is the amount that the United States owes foreign interests. Wow, almost 25% of our debt load are for loans abroad. This too is staggering. We are a soveriegn nation. Our government spending far exceeds what’s coming in. What would happen if you operated your budget like that. Within 6 months, you would be in shambles. Our government has been operating this way for almost a century. It has got to stop.
In closing, this is how it breaks down; $161,287 for every man, woman and child. Or, $645,148 for a family of four. And that is $45,514 more than last year.
When are we going to wake up. We should consume ourselves with life and the freedom’s we have, not debt and the bondage it brings.
Contact me at Rick@FreedomCoach.org.
Great point!
Let me share this… My Grandparents own their home and the land it sits on… OWN!
Every trip my dad talks about taking as a kid was saved up for. They vacationed every year and he has so many stories to tell.
To me it sounds like they enjoyed the trips and were able to focus on the family time more because there was no debt tied to this fun. Debt causes STRESS!
Cars were saved up for. Life was simple.
The fact is this…. We don’t deserve crap. Delay pleasure and you will be rewarded in time!
By: Inspired on June 20, 2007
at 3:32 pm
Our government lends billions of dollars to Israel and other countries without repayment instead of investing it back into America. That’s not right. Although the propaganda of TV and Film has mind controlled people into believing they have a right to wealth just because they’re Americans, each person is responsible for how they steward the money God has given them. It is clear in scripture that debt is bad. America doesn’t seem to be the Christian nation we once used to be.
By: americawideopen on June 20, 2007
at 3:41 pm