CBS: Debt ‘ceiling’ may be hit

USA Hit a $1 Trillion ‘Debt Ceiling’ in 1981

CBS reported the following:

Will Boehner be able to avert debt ceiling showdown?

October 19, 2015

The House and Senate must vote to raise the debt limit, as well as address funding for highway programs that’s due to expire.

That heightens the pressure on House Speaker John Boehner, R-Ohio, who had planned to leave Congress by the end of October – but who may also be one of the only legislators able to orchestrate the extension of the nation’s borrowing authority. Adding to the pressure is the fact that the Treasury Department said last week it will exhaust all so-called “extraordinary measures” by Nov. 3 — two days earlier than the initial projected date of Nov. 5.

“I think Boehner probably cleans this up now,” former Republican Rep. Tom Davis told CBS News. “This does not end well if you’re a Republican…My gut on this is that its going to be one ugly vote that’s going to have to be passed with the Democrats carrying the bulk of it.”

An aide to Boehner was coy about the prospects of the speaker resolving the debt ceiling, but didn’t rule it out.

“The Speaker has made it clear that he wants to solve some outstanding issues before he leaves. No decisions have been made, but a resolution on the debt ceiling is certainly possible,” the aide said last week.

Conservative members were already plotting to challenge Boehner’s speakership and would have revolted if he had worked with Democrats to raise the debt ceiling without demanding any spending reductions. And they’re still saying that reducing spending further is the only way they will support a debt limit increase.

“We should raise it, but we should raise it as part and parcel of a larger package to solve some of the reasons that we have to raise the debt ceiling again,” Rep. Mick Mulvaney, R-South Carolina, a member of the conservative House Freedom Caucus, said on CBS’ “Face the Nation” last Sunday. http://www.cbsnews.com/news/will-boehner-be-able-to-end-the-debt-ceiling-showdown/

Notice something that Bloomberg reported:

Treasury Secretary Jacob J. Lew says Congress must raise the $18.1 trillion debt limit by Nov. 3 or the nation will have less than $30 billion on hand, far short of government expenses some days. As in previous debt-ceiling battles, some conservatives want tax and spending cuts in exchange for their votes. Others say the debt ceiling shouldn’t be raised under any circumstances. http://www.bloombergview.com/quicktake/the-debt-ceiling

It really is a bad joke to say that the US has a ‘debt celing,’ because it always eventually decides to raise the total. Oh yes, there are complaints and some government programs can get affected for a while, but the government of the USA does not believe it can operate without increasing debt, so it keeps increasing debt. Debt that it really never intends to pay back.

The Bible warns the following:

13 “Behold, therefore, I beat My fists at the dishonest profit which you have made, and at the bloodshed which has been in your midst. 14 Can your heart endure, or can your hands remain strong, in the days when I shall deal with you? I, the Lord, have spoken, and will do it. 15 I will scatter you among the nations, disperse you throughout the countries, and remove your filthiness completely from you. 16 You shall defile yourself in the sight of the nations; then you shall know that I am the Lord. (Ezekiel 22:13-16)

Printing/electronically creating money, as the USA has been doing to finance its debt, is a ‘dishonest profit.’ The USA has been more and more living off of these dishonest profits and that will end. Irrespective of what John Boehner does or does not do, the debt ceiling of the USA government will be raised.

Why? Notice the following:

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 28:43-45,47-52)

The Bible teaches that the time will come when it will be ‘game over’ as foreign creditors will decide the USA has past the point of no return:

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 United States is the most indebted nation in the history of the world. It has already past the point of no return as enough of its political leaders continue to believe they do not have to solve the problem, but can instead continue to live off the dishonest profits of increasing debt. The USA is able to get away with this for several reasons, the main of which is that because it is the world’s dominant military power and its dollar is the world’s reserve currency, much of the rest of the world feels it has no choice but to put up with it.

Yet, Russia, China, India, Iran, some of the Gulf States, and the Europeans are all working to dethrone the dominance of the USA dollar. The International Monetary Fund (IMF) is also working to do that.

Eventually, the time will come when the USA dollar will be worthless for anything except burning for warmth or other uses for the type of ‘paper’ the bills are printed on. The time will come when interest rates will rise. If they raise to the level that they were in the early 1980s, just the interest on the USA debt will be more than the total of all other federal government spending. The federal government will not be able to properly deal with this.

Once interest rates get too high, the USA will have an economic crisis of unbelievable magnitude. National repentance is what is required, and since that is not going to happen, catastrophe will.

Personal repentance is still possible as that is the only way out of the problems that will hit the USA and its Anglo-Saxon descended allies.

Some items of possibly related interest may include:

Alternative to the US Dollar in the Fall of 2015? Is the US dollar about to lose its dominance as the world’s reserve currency? Does the Bible teach anything about that? Could Porter Stansberry be correct that the International Monetary Fund will announce an alternative to the US dollar in the Fall of 2015? Do Does the IMF, European Union, BRICS (Brazil, Russia, India, China, and South Africa), and other groups want the US dollar dethroned? Are China and other nations doing something to try to make this happen? A written article of related interest is titled: Stansberry: US dollar replacement to be revealed October 20, 2015? What about 2016?
The ‘Harbinger’ and September 2015 Are you aware of many events that are to happen in 2015? These expected events include the end of military operation Jade Helm, a claimed end to a Shemitah year, Pope Francis speaking before US Congress, Pope Francis speaking before the United Nations, a planned UN proposal to recognize the State of Palestine, and the fourth of four ‘blood moons’ of 2014 & 2015. A written article of related interest is titled: September ‘convergence’: a harbinger of potential disaster?
When Will the Great Tribulation Begin? 2015, 2016, or 2017? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede comenzar la Gran Tribulación en 2015? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon video: The Great Tribulation from the Mount of Olives.
Project Prophecy: Economic Collapse Starting in 2015? Jim Rickards once worked for the CIA and also was once part of a a USA government program called called ‘Project Prophecy.’ He has a video were he claims that starting in 2015, the USA may have economic collapse resulting in a 25-Year Great Depression. He mainly cites debt figures and claims advises alternatives to the USA dollar which he says will collapse? What did Rand Paul state? Can the USA dollar collapse? This is a video.
Market Collapse then New World Order in 2015? A long-time financial adviser named Harvey Organ claims that claims that because of insufficient gold in the central banks of USA and UK, that Shanghai would bring about exposing this and that this would lead to a massive, overnight, rise in the price of gold and silver, diminished value of their currencies. He states a market collapse will occur before the end of 2014, that the petroyuan will replace the petrodollar, and that a Chinese led New World Order will be in place for 2015. Is this possible? Where does the leader of the ‘New World Order’ come from? What does the Bible teach? This is a video.
Abortion, the Bible, and a Woman’s Right to Choose Do you know what the Bible teaches on this? Has the Roman Catholic Church allowed abortions? What about the real Church of God? Some may also, or instead, wish to view the YouTube video Abortion, the Bible, and US Debt.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) 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 Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be Barack Obama and the State of the Apocalypse.
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? 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? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Hillary Clinton in Prophecy Prophecy, Hillary Clinton? Are there prophecies that Hillary Clinton may fulfill? Are there any prophecies that she has already helped fulfill? Could Hillary Clinton be apocalyptic? Could Hillary Clinton be the final Antichrist?
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.
Protestant and Church of God views of the United States in Bible Prophecy Is the USA mentioned in Bible prophecy? Some Protestants say yes, while others say no. What does the Bible really teach? Learn the truth about this. There is also a video available: Is The United States Mentioned In Bible Prophecy?
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold?
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? Here is a link to a video titled: The Future King of the North.
The Gospel of the Kingdom of God was the Emphasis of Jesus and the Early Church Did you know that? Do you even know what the gospel of the kingdom is all about? You can also see a YouTube video sermon The Gospel of the Kingdom.
Just What Do You Mean the Kingdom of God? A booklet that was written by Herbert Armstrong answers questions about the Kingdom.
Just What Do You Mean — Repentance? Do you know what repentance is? Have you truly repented? Repented of what? Herbert W. Armstrong wrote this as a booklet on this important subject.
When You Sin: Do You Really Repent? This is an article by Charles F. Hunting. A related sermon is Confess to God and truly repent.
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.