Former Senator Coburn’s take on US debt

Source: MichaelPRamirez.com http://www.zerohedge.com/news/2016-09-17/its-still-debt-stupid

The USA has a lot of debt. More than any other nation in the history of humanity.

World Net Daily reported the following:

As the U.S. national debt climbs ever closer to $20 trillion, many Americans are wondering if there is any way to curb federal spending. One former senator has a plan.

“Ask yourself why we’re not fixing Social Security. Why are we not fixing Medicare’s unfunded liabilities? Why do we continue to have $400 billion in waste, fraud, and duplication every year, or $145 billion in improper payment?” asked former Sen. Tom Coburn, R-Okla., in a recent interview on MSNBC’s “Morning Joe.”

According to Coburn, millennials will be the ones hit hardest by the out-of-control deficit accumulated in the United States.

“The average millennial is going to have to pay back $1.7 million over the next 50 years,” he stated. “That’s over thirty thousand bucks a year, and they already have a declining median income. People don’t know how much a billion is. If you make $40,000 a year, you have to work 25 years to make a million dollars. To make a billion, you have to work 25,000 years. Now we know what a billion is . . . and that’s just pocket change to career politicians.” …

Coburn claims that 85 percent of the American people across the political spectrum support a balanced budget amendment, and believes that bringing the states together in an Article V Convention would bring the power closer to the people of each state, who have more ready access to members of their state legislatures than those in Washington, D.C. 06/10/17 http://www.wnd.com/2017/06/coburn-article-v-convention-to-defeat-dc-debt-monster/

So, according to Senator Coburn, the average millennial is going to have to pay AN ADDITIONAL $1,700,000 EACH TO PAY their share of the debt. And that presumes that interest rates will not rise. That is unrealistic. It is also unrealistic to believe that an Article V convention will solve the debt problem.

Various ideas, agreements (remember the so-called sequestration?) have not worked.

Much of that debt was accumulated over the past nine years, and now there is a new administration.

So, is Donald Trump, instead, ultimately the answer?

No.

Notice a statement from Donald Trump about debt:

I’m the king of debt. I love debt. (Egan M. Donald Trump: ‘I’m the king of debt.’ CNN, May 7, 2016)

Donald Trump also said:

I have borrowed, knowing that you can pay back with discounts. And I have done very well with debt. Now, of course, I was swashbuckling, and it did well for me and it was good for me and all that. …

Now we’re in a different situation with a country, but I would borrow knowing that if the economy crashed you could make a deal. And if the economy was good it was good so therefore you can’t lose. …

I don’t want to renegotiate the bonds, but I think you can do discounting. … I’m not even suggesting that we don’t borrow money at very low rates long term so we don’t have to worry about when they come due. (Kurtzleben D. Donald Trump’s Messy Ideas For Handling The National Debt, Explained. NPR, May 9, 2016)

Nobody knows debt better than me. I’ve made a fortune by using debt and if things don’t work out, I renegotiate the debt. Well, you go back and you say, ‘hey, guess what? The economy just crashed. I’m going to give you back half. (“Trump recession”? Presumptive GOP nominee fires back at Clinton. CBS, June 22, 2016)

It sounds like Donald Trump believes that debt is good and there is nothing wrong with defaulting or otherwise not intending to pay the total debt back.

The Bible says the wicked have that attitude:

²¹ The wicked borrows and does not repay, But the righteous shows mercy and gives. (Psalms 37:21)

Donald Trump has also filed for bankruptcy four times—presumably to not pay back debt, while he claims a financial worth around $10 billion.

He may consider that to be ‘good business,’ but his practices and intents sound biblically immoral. That being said, he has policies that could help aspects of the US economy–but not to eliminate all its debt.

Sadly he, the Federal Reserve, many politicians, and many in the mainstream press seem to love debt. The Bible teaches that debt is one of the curses that happen to the disobedient (Deuteronomy 28:15,44).

Notice the following scriptures:

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…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).

7 The rich rules over the poor, And the borrower is servant to the lender. (Proverbs 22:7)

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. Because of men’s blood And the violence of the land and the city, And of all who dwell in it. (Habakkuk 2:3,5,6-8).

9 “Woe to him who covets evil gain for his house, That he may set his nest on high, That he may be delivered from the power of disaster! 10 You give shameful counsel to your house, Cutting off many peoples, And sin against your soul. 11 For the stone will cry out from the wall, And the beam from the timbers will answer it. (Habakkuk 2:9-11)

It is the the United States and its Anglo-allies that have loaded pledges of debt in these end times (cf. Habakkuk 2) that they really do not expect to pay back. In that respect they have recently plundered many nations. And while much is owed to nations such as China, Japan, and the Arab World, the Europeans have trillions of dollars invested in the USA–money they may be disappointed to have devalued, and actually the Europeans seem to hold the most US debt (see EU reportedly the largest holder of USA debt). Enough so that they may divide the land among themselves and other creditors (cf. Daniel 11:39; see also USA in Prophecy: The Strongest Fortresses).

The USA does not intend to pay back its debt. Nor, should I add, does the UK which has one of the largest per capita debts in the world.

While your nation probably will not repent (Anglo or otherwise), you can. Do not wait until it is too late. Do not wait for an Article V convention to solve this.

Several 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. A video of possible interest may be Will Will USA Spying Help the Beast Power?
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?
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.
When Will the Great Tribulation Begin? 2017, 2018, or 2019? 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 2016 o 2017? ¿Es el Tiempo de los Gentiles? You can also see the English language sermon videos: The Great Tribulation from the Mount of Olives and Can the Great Tribulation begin before 2020? A shorter video is: Will the Great Tribulation Start in 2017?
Are You Being Called by God? Norman Shoaf wrote various points to consider.
Is God Calling You? Alfred E Carrozzo wrote this.
What Did Christ Mean – Many Are Called, But Few Are Chosen? This article was by Raymond McNair.
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? A related sermon is also available titled: Real Christian Repentance.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. A related sermon is titled: Do these 7 prophesies point to the end of the USA?
Donald Trump in Prophecy Prophecy, Donald Trump? Are there prophecies that Donald Trump may fulfill? Are there any prophecies that he has already helped fulfill? Could a Donald Trump presidency be apocalyptic? A related video is titled: Donald: ‘Trump of God’ or Apocalyptic?
Donald Trump and America’s Apocalypse This 188 page book is for people truly interested in prophecies related to Donald Trump and the United States, including learning about several that have already been fulfilled and those that will be fulfilled in the future. The physical book can be purchased at Amazon for $12.99 from the following link: Donald Trump and America’s Apocalypse.
Donald Trump and America’s Apocalypse-Kindle Edition This electronic version of the 188 page print edition is available for only US$3.99. 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 Donald Trump and America’s Apocalypse-Kindle Edition.