TW on US Debt Ceiling

Here is an item from today’s TW News & Prophecy by the Living Church of God:

U.S. lawmakers and the President have been “haggling” for months over how to deal with the current debt ceiling crisis. Many commentators have compared the stalled arguments to children who will not give in unless the other party completely adopts their view. If a deal is not struck by August 2, the U.S. will be unable to pay about 45% of its bills for the month of August, which could result in the nation losing its AAA bond rating (MSN Money, July 25, 2011). The International Monetary Fund warned last weekend that because of the dollar’s world reserve currency status and the amount of U.S. bonds owned by world nations, “… a downgrade will be very damaging for both the U.S. economy and the rest of the world… But there is a lot of uncertainty; nobody really knows what would be the true effects” (CNN Money, July 25, 2011).Many now realize that efforts to solve the debt problem will just delay an inevitable collapse u nless major cuts are made, because the U.S. debt is expected to exceed the entire U.S. gross domestic product in 2012 (Telegraph, July 26, 2011). If the government defaults, many predict major job losses in government and military sectors and rapidly rising interest rates. Lawmakers in both political parties appear to want “their own way” and seem unwilling to work together for the benefit of the nation (Associated Press, July 24, 2011)–ignoring the biblical principle of “submitting to one another in the fear of God” (Ephesians 5:21).

Bible prophecies contain warnings for the leaders of Israelite nations, “You eat the fat and clothe yourselves… you slaughter the fatlings, but you do not feed the flock… with force and cruelty you have ruled over them…” (Ezekiel 34:3-4).

Our dysfunctional governments of today are a result of leaders who serve themselves and their personal desires instead of working for the benefit of those whom they serve. Jesus Christ is going to return and appoint righteous leaders who will put serving others first in the coming Kingdom of God. The result will be true peace, stability, and prosperity for the peoples of this earth. For more information on this exciting subject, review our free booklet, The World Ahead: What Will It Be Like?

Right now, the USA “crisis” is that it wants and hopes to increase debt and then borrow more from its foreign creditors, which is biblically dangerous (Habakkuk 2), yet its leaders who do not have enough biblical understanding believe that not increasing debt will be a greater calamity.

The following was in the secular news today:

Gold hits record high amid debt ceiling ‘mud slinging’

Jul 29 2:51pm:As little progress was made on a debt deal Friday, oil prices slumped nearly 2%, while gold hit another all-time high.

While some interim “progress” is expected, the USA is setting itself up for financial ruin, and even worse. Watch (Mark 13, Matthew 24).

Some articles of possibly related interest may include:

Prophecies of Barack Obama? This article has eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. It includes many biblical and non-biblical prophecies, from around the world, that seem to discuss Barack Obama. Did Nostradamus predict Barack Obama dealing with the Antichrist? Might Barack Obama set the stage for the kings of the North and South as at least one Shiite prophecy suggests? This is the longest and most complete article at the COGwriter website on Barack Obama prophecies. Read it and decide for yourself if President Obama seems to be fulfilling various prophecies.
Barack Obama, Prophecy, and the Destruction of the United States Some claim that Barack Obama is the prophesied “son of Kenya”. Might Bible prophecy be fulfilled since he is to be the USA president?
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?
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, British, 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? What will happen to the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future.
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?