Congress passes debt bill

“I will break the pride of your power” (Leviticus 26:19)

The ‘can’ of the fiscal cliff was officially kicked down the road today by the US Congress:

January 31, 2013

WASHINGTON — The Senate gave final approval on Thursday to legislation suspending the statutory debt ceiling until May, officially turning Congress’s attention to the next budget showdown: $1 trillion in across-the-board military and domestic spending cuts set to begin on March 1…

Yet the economic recovery remains weak, and unemployment high. This week, Washington got one of the first signs of how the sequester might play out in the economy, when government figures showed that the economy had contracted in the final three months of 2012, largely a result of a 22 percent drop in military spending.

Economists cautioned that they did not expect such a precipitous decline to continue in the coming quarters. Moreover, the drop came after a surge in military spending in the third quarter, as offices rushed to spend money obligated to the 2012 fiscal year.

Still, the automatic cuts have the potential to derail the recovery. Macroeconomic Advisers, a forecasting firm in St. Louis, estimated that if the sequester came into full effect starting in March, it would knock 0.7 percentage points from economic growth in 2013, dropping it to 1.9 percent. Economists say hundreds of thousands of jobs could be lost, if not more.

With half of the sequester hitting military spending, the worst effects would be felt by the Pentagon and military contractors. Congress already cut half a trillion dollars from military spending in the 2011 Budget Control Act, and the sequester would cut a further half-trillion. http://www.nytimes.com/2013/02/01/us/politics/extension-of-debt-limit-clears-congress.html?_r=0

31 January 2013

WASHINGTON – Legislation to suspend the nation’s debt ceiling for a few months is on its way to the White House for President Obama’s signature, clearing the Senate on Thursday after a series of failed votes on Republican-backed amendments to also cut federal spending...

Obama is expected to swiftly sign the legislation as lawmakers gear up for the next budget showdown: deep automatic spending cuts that will begin to hit the economy March 1 if nothing is done to stop them…The debt-ceiling legislation will suspend the borrowing authority limit through May 19…Another $450 billion in debt is expected to be amassed in that time as the nation’s already accrued bills are paid, pushing the debt load to nearly $17 trillion. http://www.latimes.com/news/politics/la-pn-debt-ceiling-bill-clears-senate-20130131,0,4646121.story

The Bible teaches the following about leaders and end time debt:

12…Those who lead you cause you to err, And destroy the way of your paths.” (Isaiah 3:12)

16 For the leaders of this people cause them to err, And those who are led by them are destroyed (Isaiah 9:16).

43 The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail. 45 Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed because you did not obey the voice of the LORD your God, to keep His commandments and His statutes which He commanded you…47 “Because you did not serve the LORD your God with joy and gladness of heart, for the abundance of everything, 48 therefore you shall serve your enemies, whom the LORD will send against you, in hunger, in thirst, in nakedness, and in need of everything; and He will put a yoke of iron on your neck until He has destroyed you. 49 The LORD will bring a nation against you from afar, from the end of the earth, as swift as the eagle flies, a nation whose language you will not understand, 50 a nation of fierce countenance, which does not respect the elderly nor show favor to the young. 51 And they shall eat the increase of your livestock and the produce of your land, until you are destroyed; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. 52 They shall besiege you at all your gates until your high and fortified walls, in which you trust, come down throughout all your land; and they shall besiege you at all your gates throughout all your land which the LORD your God has given you (Deuteronomy 28:42-45,47-52)

3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry…5 Indeed, because he transgresses by wine, He is a proud man… 6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his–how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you (Habakkuk 2:3,5,6-8).

The nation with the greatest debt of all time is the United States of America, and on a per capita basis may be the United Kingdom of Great Britain and Northern Ireland (and they are close if not the per capita debt leader).

It is the the United States and its Anglo-allies that have loaded pledges of debt in these end times that they really do not expect to pay back. In that respect they have recently plundered many nations. And while much is owed to nations such as China, Japan, and the Arab World, the Europeans have trillions of dollars invested in the USA–money they may be disappointed to have devalued. Enough so that they may divide the land among themselves and other creditors.

The moves by the US Congress today does not truly solve the problem, despite various hopes by some political leaders.

The debt problems in the USA are bigger than most Americans realize.

And even though some in the world are starting to notice this, the time will come when the creditors of the USA will rise up quickly and the USA will be taken over (Habakkuk 2:6-8).

To learn more, please check out the following articles:

Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Will the Anglo-Nations be Divided? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people?
Who is the King of the West? Why is there no End-Time King of the West in Bible Prophecy? Is the United States the King of the West?
Barack Obama, Prophecy, and the Destruction of the United States-Second Edition for Second Obama Term This is a 160 page book for people truly interested in prophecies related to Barack Obama and the United States, including learning about many that have already been fulfilled (which the book documents in detail) and those that will be fulfilled in the future. It also has a chapter about a Republican choice. This book is available to order at www.barackobamaprophecy.com. The physical book can also be purchased at Amazon from the following link: Barack Obama, Prophecy, and the Destruction of the United States: Is Barack Obama Fulfilling Biblical, Islamic, Catholic, Kenyan, and other America-Related Prophecies? What About Republican Leaders? Second Edition for Second Obama Term.
Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition. This electronic version is available for only US$2.99. And you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to for your free Kindle reader and then go to Barack Obama, Prophecy, and the Destruction of the United States-Second Term-Amazon Kindle edition.