Thursday, February 28, 2013

"The Coming Economic Earthquake?"

There's a new game in Washington, D.C. called "kick the can down the road." The rules? Go from one crisis to another. Wait until the 11th hour to see if the opposition blinks. Agree to a last minute delay. Patch with a temporary band-aid solution and repeat as necessary. After all, no crisis is too big to ignore. The result? A ballooning crisis bubble. Thought you saw the last of the January 1st fiscal cliff?

Nope. It's ba-a-a-a-ack. Only now they're calling it "the sequester." The so-called fiscal cliff "compromise" consisted of a 2-month delay. On March 1st it will rear its ugly head again causing automatic, across-the-board spending cuts to go into effect. President Obama is blaming Republicans, even though the plan was first hatched in the White House as something "so terrible they will never allow it to happen." GOP now says bad spending cuts are better than no spending cuts. "It's a bad idea whose time has come."

Remember the budget? Oh, that's right--they haven't passed one in four years. Instead, Congress has been relying on a series of short-term "continuing resolutions" (CR). The current CR expires March 27, and Congress must pass a new one to avoid a government shutdown. And then there's the debt ceiling (the amount of debt the government must never, ever spend above, or else!)

Originally slated for mid-February, Congress has temporarily raised the debt ceiling until May 19th (when a catastrophic default will result...unless they raise it again). And let's not forget the ever looming Social Security and Medicare tsunami that's relentlessly heading our way. How much longer can D.C. ignore that one? Well, let's see--how far can they kick? The problem with this game is that it can't be won. The road is increasingly bumpy and the cans are turning into time bombs.

Is Congress worried? Nah. They're going on vacation...again.

Okay gang--so what do we do about it? Ideally, we ought to kick them all out of office and start over, but unfortunately that opportunity was lost last November. Instead, many financially savvy experts advise: stop waiting for the government to solve these issues. Prepare your own house. There's a coming economic earthquake that is growing more and more inevitable as each crisis adds more cracks to an already over-stressed system. Any good news regarding the economy must be seen in light of the $16 trillion debt and the seemingly endless money printing.

We'd like to suggest an investment of a different kind: your place in the world to come. (Not sure you're going?click here ). Many of us are so busy living in the here and now, we rarely think about what happens next. Often we fail to realize that the way we live our lives here on earth will have eternal and unchangeable consequences and that our life experience in eternity is being determined by how we invest this life today. Bible prophecy was never intended to merely satisfy our curiosity about future events; it is intended to have a purifying effect on our lives (1 John 1:3).

"Another reason for right living is that you know how late it it; the time is running out. Wake up, for the coming of our salvation is nearer now than when we first believed. The night is almost gone; the day of salvation will soon be here. So don't live in darkness. Get rid of your evil deeds. Shed them like dirty clothes. Clothe yourselves with the armor of right living, as those who live in the light. We should be decent and true in everything we do, so that everyone can approve of our behavior. Don't participate in wild parties and getting drunk, or in adultery and immoral living, or in fighting and jealousy. But let the Lord Jesus Christ take control of you, and don't think of ways to indulge your evil desires" (Romans 13:11-14).  In other words, kicking the can down the road doesn't fly for the Christian.

Today, if you will hear His voice, do not harden your hearts" (Hebrews 4:7a).

A wise man once said: "The curtain of this earthly drama will close, but it will open in eternity. What we encounter there will have been determined to some degree by the life we lived on this earth. Only in this life can we impact the kind of eternity we shall enjoy. For we are becoming today, the person we will be throughout eternity" --author Erwin W. Lutzer


  • Fox News Channel: Nearly 50% of Detroit residents failed to pay their taxes worsening the city's fiscal crisis.
  • Politico: ICE announced Tuesday that it has released several hundred undocumented immigrants due to funding cuts (sequestration)
  • FNC: Potentially deadly invasive Asian ant species gaining foothold in U.S.
  • The Telegraph: Moody's downgraded UK credit rating because of "huge debt burden"

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