Tag Archives: bailout

We Only Have a Few Options…

All this talk about bailouts and blooming federal government deficits is enough to make you wish that you could click your heels and go back to a simpler, less chaotic time.  What really bothers me is that I worry we are only delaying the real crash. Sure, the stock market could soon drop below 8000. But the bigger point is that we eventually have to live within our means and start to pay back what we owe the world.

I believe the government basically has a few options to pay back its dept.

1.) Increase taxes and fees. This is likely to happen, especially for anyone with money or those who have done the right thing by saving money over the past 20 years instead of live like a Saudi prince.

2.) Refuse to pay it back and ask, “Whose going to make us?”

3.) Take over another country and use their resources to pay off our debt. This isn’t likely to happen. This kind of exploitation stopped in the 1800s or did it?

4.) Crank up the printing presses and pay our debts back with a worthless dollar.

None of those options looks really appealing. We could always cut budgets and try to reduce our debt. But that would be responsible. And who likes to be responsible in the federal government? Republicans used to be for less spending. Not any more. Democrats have always liked to spend like a teenager with his/her first credit card. At least they want to pay for the spending by getting daddy (all the rich people) to pay for it. Of course, this has a negative effect. It causes people with money to buy less, live in other places and generally take money out of our economy.

I have a feeling we will choose a bit of option 1 and 4. That means we are likely to see more downward pressure on the dollar. This is basically a tax on wealth, which means those who have done the right thing will pay with their savings become almost worthless. It is enough to make us all want to march on Washington and demand someone to just, “Fix It.”

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A Crisis of Faith

The recent economic and political events in the United States have helped to bring to the surface a problem that is prevalent throughout our society. We don’t know who to trust any more. As a society, we have lost faith in our government, leaders, institutions and long-held philosophies. This goes way beyond presidential politics. It trickles down to every aspect of life from finances to religion.

There seems to be a growing tide of skepticism in this country. We feel like we have been burnt too many times in the past to trust again. Some of this is the result of a society that has valued the wrong things. From absentee parents to compromised politicians to ungodly preachers, we have become accustomed to those in authority letting us down or in some cases abusing us.

I wish this was just a Washington D.C. problem. But the level of distrust is growing out in the heartland. It has impacted the American Church as millions leave the pews never to return. Many Christians are disillusioned with the church and their pastors. They struggle to find real faith and a community that will embody Christ in this world.

We are at a moment of decision. This crisis of faith could lead to redemption or even more fear and panic. I believe now more than ever is the time for us to cling to the only one we can really trust. And His name is Jesus.