This past Tuesday night, January 20, President Obama shared in his State of the Union address how good things are in America, how we’ve rebounded from the recession, and how the economy is growing and thriving again. However, there was no mention in his address or in the Republican response of the ominous DEBT hanging over all of us. Our national debt is over $18 trillion. It has continued to increase an average of $2.38 billion per day since September 30, 2012 and your personal share of that debt now exceeds $56,500
I like what former Chrysler Chairman Lee Lacocca said, “Too bad we didn’t listen to Thomas Jefferson. He said, ‘To preserve our independence, we must not let our rulers load us with perpetual debt.’”
Every American ought to be concerned with the unsustainable, inexcusable debt our country continues to accumulate. Further, we should call upon every leader at every level to stop spending money our nation doesn’t have or we won’t have a future.
The same is true for you and me. What’s good for the White House is good for our house. We need to stop spending money we don’t have or we won’t have a future. Randy Alcorn said, “We drive our bank-financed cars, running on credit-card gas, to open a department-store charge account, so we can fill our savings and loan-funded homes with installment-purchased furniture. We’re living a lie and hocking the future to finance it.”
The Bible says, “The rich rules over the poor, and the borrower is the slave of the lender” (Proverbs 22:7). If you’re in debt, you’ve added another “lord” to your life. It’s hard for Jesus to be LORD, when we have so many other “lords” we have to answer to. It’s hard to put JESUS first when we have so many creditors who won’t wait a second. Someone said, “The only man who sticks closer to you in adversity than a friend is a creditor.”
Someone else said, “Before borrowing money from a friend, decide which you need most.”
Dave Ramsey said, “Debt is so ingrained into our culture that most Americans can’t even envision a car without a payment, a house without a mortgage, a student without a loan, and credit without a card. We’ve been sold debt with such repetition and with such fervor that most folks can’t conceive of what it would be like to have NO payments.”
It was a great day in June of 1987 when President Ronald Reagan issued a challenge to the leader of the Soviet Union and spoke these words, “Mr. Gorbachev, tear down this wall!” It will be an equally great day when you decide to tear down the wall of debt in your own life and family, and experience the FREEDOM that comes from having no debt.
Romans 13:8 says, “Owe no one anything, except to love each other.”
© 2015. Barry L. Cameron
[Over 1,200 people are coming to this weekend’s dinner and lunch events with Doug Crozier and The Solomon Foundation team. This will be an incredible opportunity for our people to learn from the premier Christian financial organization in America. (The fastest growing in U.S. history, and now one of the largest, too!) thesolomonfoundation.org These are the people who can answer your financial questions, and help all of us get on and stay on the road to financial freedom. If you didn’t get a reservation, you can still get information and talk to them on Sunday.]
Barry L. Cameron has been the Senior Pastor of Crossroads since 1992 when the church was averaging 188 in morning worship. Pastor Cameron and his wife, Janis, have three children and two grandsons. He’s the author of the bestseller: The ABCs of Financial Freedom, Contagious Generosity, and The Financial Freedom Workbook. The Cameron family has been completely debt free since November 2001.