State of the Indebted Union

Donald Trump (Official White House Photo)

US President Donald Trump gave his State of the Union address last night. He did not mention US debt. Here are the only comments he made using the term budget:

My budget will ask Democrats and Republicans to make the needed commitment to eliminate the H.I.V. epidemic in the United States within 10 years. …

I’m also proud to be the first president to include in my budget for a nationwide paid family leave so every new parent has the chance to bond with their newborn child. http://time.com/5521860/2019-state-of-the-union-trump-transcript/

One poll I saw today said that the majority of Americans liked Donald Trump’s speech. I was surprised last night when NBC commentators were, at least partially, pleased by it.

That being said, President Trump did NOT mention the word debt (at least it is not in the transcript that Time published). In the Democratic party response to Donald Trump’s speech by Stacey Abrams, this is the only time the word debt was mentioned:

My father has battled prostate cancer for years. To help cover the costs, I found myself sinking deeper into debt – because while you can defer some payments, you can’t defer cancer treatment. http://time.com/5521939/state-of-the-union-democratic-response-transcript/

The debt is a serious issue. More so than most think.

Notice the following from Michael Snyder:

The Most Depressing Stat Of The Month: The U.S. National Debt Is About To Pass The $22 Trillion Mark

The U.S. national debt is wildly out of control, and nobody in Washington seems to care. According to the U.S. Treasury, the federal government is currently $21,933,491,166,604.77 in debt. In just a few days, that figure will cross the 22 trillion dollar mark. Over the last 10 years, we have added more than 11 trillion dollars to the national debt, and that means that it has been growing at a pace of more than a trillion dollars a year. To call this a major national crisis would be a massive understatement, and yet there is absolutely no urgency in Washington address this absolutely critical issue. We are literally destroying the financial future of this nation, but most Americans don’t seem to understand the gravity of the situation that we are facing.

The Congressional Budget Office projects that the national debt and interest on that debt will both explode at an exponential rate in future years if we stay on the path that we are currently on. According to the CBO, the federal government spent 371 billion dollars on net interest during the most recent fiscal year… http://theeconomiccollapseblog.com/archives/the-most-depressing-stat-of-the-month-the-u-s-national-debt-is-about-to-pass-the-22-trillion-mark

Michael Snyder is correct that “most Americans don’t seem to understand the gravity of the situation that we are facing.” This will end in massive disaster!

Consider some past statements from now US President Donald Trump:

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. Other USA politicians have also basically suggested paying the debt back in inflated currency or something else other than the original value of the debt.

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.

Yet 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:

15 “But it shall come to pass, if you do not obey the voice of the Lord your God, to observe carefully all His commandments and His statutes which I command you today, that all these curses will come upon you and overtake you: (Deuteronomy 28:15)

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. 46 And they shall be upon you for a sign and a wonder, and on your descendants forever.

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. (Deuteronomy 28:43-51)

The end result of the coming massive financial crisis will be the END OF THE USA!

However, this will not happen this month, this year, or even during the first term of Donald Trump’s Administration. But it will happen!

While much of the debt 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).

Overall, the USA continues on despite its dependency upon debt.

For now, because other economies are looking weak, nations and investors have continued to support the USA and its dollar. But this is not because the USA looks so good, but that others, for now, look worse. Yet, this will change when Europe emerges (and yes it is facing debt and banking crises in various areas).

The reality is that a more severe debt crisis is coming. And when it happens, it will be so much worse than most imagine (though a less severe crisis or two, or more, will likely precede the final one).

Consider that the Bible teaches the following:

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)

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 above prophecy will be fulfilled at the time of the end (cf. “The message was true, but the appointed time was long…in the latter days, for the vision refers to many days yet to come,” Daniel 10:1,14). Daniel 8:19, 11:27,29,35 use same the Hebrew term for “appointed time” as Habakkuk 2:3, while Daniel 10, using a different term, ties the latter days to the time in Daniel 8:19. Habakkuk 2 was not fulfilled in its entirety anciently. Also, it makes little sense that Habakkuk would be directed towards the modern nation of Israel as it does not have enemy creditors. It must be a nation or group of nations with some prominence at the appointed time of the end.

The nation with the greatest debt of all time is the United States of America, and on a per capita basis the United Kingdom of Great Britain and Northern Ireland is one of the most indebted.

The ‘State of the Union’ is that the union is severely in debt and is planning on increasing that debt.

This is a serious issue that most politicians in the USA and UK are not serious about correcting.

They should heed scripture and biblical prophecies.

Hopefully you do.

“Do not despise prophecies” (1 Thessalonians 5:20)–the end is getting closer.

Some items of possibly related interest may include:

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