Treasury Secretary: Debt Ceiling Needs to be Raised, Again
Jacob Lew
US Secretary of the Treasury, Jacob Lew, again is stating that the USA needs to increase its debt ceiling:
On Wednesday, Treasury Secretary Jack Lew sent legislative leaders a little reminder about another contentious item: the debt ceiling.
Lew’s basic message was that the debt ceiling needs to be raised, and the sooner the better.
But if “soon” isn’t on the agenda, Treasury’s special accounting measures, in use since March, will likely buy lawmakers until at least mid-fall before they have to act.
“We believe that the measures will not be exhausted before late October, and it is likely that they will last for at least a brief additional period of time,” Lew wrote.
In March, a suspension of the debt limit expired and the ceiling was reset at $18.113 trillion.
But Congress didn’t act, even though the nation’s debt was effectively at its legal borrowing limit, and Treasury needed to keep borrowing to pay the country’s bills. http://money.cnn.com/2015/07/29/news/economy/jack-lew-debt-ceiling/
History has shown us that the debt of the USA keeps growing and the so-called debt ‘ceiling’ is not a ceiling. The recognized federal debt has gone up over $20,000 for every person who lives in the USA since Barack Obama took office. This cannot continue indefinitely, but politicians in Washington, D.C. have ended up with budget deals, etc. that continue to increase the debt.
6…’How horrible it will be for the one who makes himself rich with what is not his own and makes himself wealthy on loans. How long will this go on?‘7 Won’t your creditors suddenly rise up and those who are going to shake you wake up? Then you will become their prize.8 You have looted many nations. All the rest of the people will loot you because of the slaughter and violence done to lands, cities, and all their inhabitants. (Habakkuk 2:6-8), God’s Word Translation)
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)
Now, I do not believe that the USA will be destroyed this year in fulfillment of the prophecies of Deuteronomy 28:47-52. Actually, I do not believe that it can happen until after the end of the second Obama term (see also the video The Great Tribulation Will Not Begin Before 2017).
But what the USA is doing does have major ramifications. More and more creditors are attempting to figure out how to decouple themselves from their dependance upon the USA dollar. International confederations such as the European Union and the Eurasian Union, as well as some of the Gulf States and China (and others) are actively attempting to decrease the world’s dependance on the USA dollar for international trade. The International Monetary Fund is looking to break the dominance of the USA dollar and is considering showing more favor towards the Chinese.
When the USA dollar loses its dominance in international trade, that too will be inflationary (the price of many goods would likely go up substantially).
The USA keeps playing this dangerous game of increasing debt, even though the Obama Administration’s own Treasury Department is seeing some of its dangers. The cost the USA will face ultimately will be worse than what would happen by not agreeing to raise the debt ceiling.
Some items of possibly related interest may include:
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?
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2022 or 20xx? There is also a video titled The 6000 Year Plan: Is the end of humanity’s reign almost up? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
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.
Blood Moons and Prophecy There are four ‘blood moons’ expected in 2014 and 2015. Do they signal the Day of the Lord or the return of Jesus Christ? A related YouTube video is also available: Blood Moons, Prophecy, 2014, and 2015.
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin?
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? In the Spanish language check out ¿Quién es el Rey del Norte? Here is a link to a video titled: The Future King of the North.
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.
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