US Debt Limit to be Raised, Disaster is Waiting Long Term
The USA Debt Clock as of Apri 19, 2008
This Debt now exceeds 12,000,000,000,000 and is headed toward 14,000,000,000 in 2010
The USA is set to increase its debt at record levels once again:
Increasing the debt limit, along with the peril
Carolyn Lochhead, Chronicle Washington Bureau
Tuesday, December 15, 2009
Washington — After passing a $447 billion spending bill Sunday, Congress faces a Jan. 1 deadline to raise the ceiling on the national debt even as a bipartisan expert panel warned Monday that the United States faces a potential funding crisis.
As long-term readers of the COGwriter page are aware, increasing debt is a much greater peril than most in the news media report. Also, once interest rates raise dramatically (and they will), it will be a whole new ballgame (to use an American expression) that will be even worse for the USA.
Here are two passages of scriptures that shed some light on the danger for the national debtor:
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 (Deuteronomy 28:42-45).
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…
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 2:3,6-8).
Note that debt is a biblical curse and that destruction of the main debtor appears to be an end time prophecy. The USA is in more total debt than any nation in history and it plans to greatly increase that debt. Without national repentance, the USA is doomed.
I should also point out that the debt clock does not include items such as foreign investment in the USA outside of items like treasury bills. The Europeans have over 5,000,000,000,000 invested in the USA that could become nearly worthless if the USA defaults on its other debt or if its economy succumbs to the debt. That will not please them.
Some articles of related interest may include:
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? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo nations? Why might God allow them to be punished first?
Prophecies of Barack Obama? Eight reasons why Barack Obama is apocalyptic and eight reasons why Barack Obama is not the Antichrist. This article 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 on this page 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”, based up an early 20th century writing.
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