Spending Money We Don't Have

Written by Randy Fishell, Editor

06/07/12

Most of you have probably heard your parents and others using words like "unemployment" and "recession" and "debt crisis" and other such confusing terms. The bottom line is that a lot of people (and countries) are spending a lot more money than they bring in. And it just seems that nobody is learning their lesson!

The Bible has a lot to say about how to handle money, including this passage: "Let no debt remain outstanding" (Romans 13:8). Simply put, pay your bills on time!

The United States and many other countries are not paying their bills on time. Yes, there are rules the say, "Hey, [insert country name], you have reached your limit! You cannot spend any more money!" But just like a football team that moves the goalposts, countries keep changing the amount their government can spend! It's called "raising the debt limit."

You and I cannot raise our personal "debt limit" and just keep spending. But governments don't seem to be paying attention to counsel like that found in Romans 13:8. In fact, governments are spending so much money that many people say we're "stealing" it from your generation, who will have to pay it back!

Here's a clever little video that I hope will help drive these points home!