US budget deficit hits record $3 trillion–What did God warn would happen?

Statue Intended to be Habakkuk by Donatello (15th century)

The USA has a problem with debt, that despite optimistic comments, has worsened and will worsen:

September 9, 2020 at 12:00 a.m. PDT

“We were having extraordinary growth. We were creating growth that would pay down the debt over time.”

— Treasury Secretary Steven Mnuchin …

We engaged in a long back-and-forth via email with a treasury official. First of all, apparently Mnuchin was referring to the predicted ratio of debt to the GDP, not an actual reduction in the debt. “It is extremely rare for actual debt levels to be reduced outright,” the official said. “There have only been a handful of quarters in which debt levels have gone down outright, and those are often due to quirks around issuance schedules and Treasury cash management.” https://www.washingtonpost.com/politics/2020/09/09/mnunchins-claim-pre-covid-economy-would-pay-down-debt-over-time/

The federal budget deficit hit an unprecedented $3 trillion in August, with another month to go before the end of the fiscal year, according to estimates from the Congressional Budget Office (CBO).

That figure amounts to $1.9 trillion more than the same period last year, and more than double the largest yearlong deficit on record, the CBO noted on Tuesday.

The difference comes almost entirely from increased federal spending due to the coronavirus pandemic, with revenues down just 1 percent but spending up 46 percent compared to the same period last year.

The U.S. has thus far thrown $6 trillion in relief spending at the coronavirus crisis, only half of which was covered by tax revenues and other receipts.

The Treasury Department is expected to publish the official deficit tally for August later in the week.

The CBO has estimated that the deficit for the full fiscal year ending this month will amount to $3.3 trillion, continuing to add to the nation’s growing debt. 09/08/20 https://thehill.com/policy/finance/515582-us-budget-deficit-hits-record-3-trillion-cbo

The debt increase is not sustainable. While the Donald Trump Administration (like previous ones) was running up debt before COVID, today a statement was released claiming reducing debt as a priority after the next election:

September 9, 2020

White House Press Secretary Kayleigh McEnany said during an interview Wednesday that President Trump plans to make addressing the ballooning national debt a “big second term priority” — but offered scant details as to how the president planned to reduce the deficit. …

The president “wants to see unprecedented growth” in his second term, McEnany said, before praising Trump for building the “hottest economy in modern history once” before the pandemic hit. https://www.forbes.com/sites/jackbrewster/2020/09/09/trump-will-make-reducing-national-debt-a-big-second-term-priority-mcenany-says/#fe732f317681

It is almost impossible that the total US government debt will drop, no matter who wins in November–it is expected to increase (though the amount of increase would likely be lower under one of the two main presidential contenders than the other).

While many politicians and pundits often proudly act like deficit spending for the USA is fine, it is not. There will be a severe cost to this massively increased debt–which, in my view related to the coronavirus, was mainly unnecessary. Most of the economic problems were caused, not by the virus itself, but government public policy decisions (urged on by a biased media) that, in my view, were often not what should have happened.

That being said, what about debt? Were any major debt problems prophesied?

Yes.

One of the many cursings that were prophesied in the Bible was that of accumulation of debt:

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).

As the Anglo-American nations have not kept God’s commandments, they have increased debt.

Consider another prophecy.

Around 605-625 B.C. Habakkuk wrote a short book of the Bible that has a lot of implications for the time that we are now in. Here is part of a warning that God had him write about a highly indebted land in the end time:

2 Then the Lord answered me and said: “Write the vision And make it plain on tablets, That he may run who reads it. 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. 4 “Behold the proud, His soul is not upright in him; … (Habakkuk 2:2-4)

Notice that the prophecy that is being discussed is for the appointed time of the end. It is a prophecy for our time–and will affect the proud. What will happen is so bad “That he may run who reads it.” Yes, I have written about debt before, but it is very important in the end times according to the word of God!

Yet, most do not take it seriously enough, and that includes most Christians:

5 “Indeed, because he transgresses by wine, He is a proud man, And he does not stay at home. Because he enlarges his desire as hell, And he is like death, and cannot be satisfied, He gathers to himself all nations And heaps up for himself all peoples. 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 2:5-8)

This is NOT a reference to the tiny nation of Israel as it has no major enemy creditors. It is the USA that has increased pledges more than any nation in the history of the planet. And on a per capita basis, the United Kingdom is one of the most indebted nations on the earth itself.

The above prophecy in Habakkuk 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 uses the same 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. As far as “violence of the land” as a contributing factor, this would seem to include crime, military missions, and riots/civil unrest.

The Jewish Encyclopedia of 1906 reports this about Habakkuk:

HABAKKUK (; LXX. Ἀμβακούμ; Vulgate, “Habacuc”):

Prophet; author of the eighth in the collection of the twelve minor prophetical books. The etymology of the name of the prophet is not clear. It seems to be a loan-word representing the Assyrian “hambaḳûḳu,” a garden-plant (Friedrich Delitzsch, “Prolegomena,” p. 84; König, “Historisch-Kritisches Lehrgebäude der Hebräischen Sprache,” ii. 1. 473, on the vocalization), and has the appearance of being a writer’s pseudonym (F. E. Peiser, “Der Prophet Habakuk,” in “Mitteilungen der Vorderasiatischen Gesellschaft,” 1903, i. 12). That he was a Levite has been urged on the strength of the postscript to ch. iii. (verse 19, “on my stringed instruments”), which indicates that he owned instruments: only a Levite was authorized to use an instrument to accompany his songs in the Temple. The superscription of the Septuagint apocryphon Βὴλ καὶ Δράκωυ, in the Codex Chisianus, also designates him a Levite.

On September 19, 2019, I ran across the following which showed that the old WCG realized that this was a prophecy for our time:

THE PROPHET HABAKKUK

Habakkuk wrote his prophecy around 600 B.C. …(Habakkuk 2:2). God also said that this vision was to be written for our benefit today. … (Habakkuk 2:3). God showed Habakkuk that He will punish … at the end-time. (The Minor Prophets Speak to Us! Youth Bible Lessons. Level 7, Lesson 9. Worldwide Church of God, 1985, p. 8)

Sadly, most do not realize that this is an important end time prophecy.

Notice also the following from the Commentary on Habakkuk from the ancient Dead Sea Scrolls (roughly 2000 years old; translated in the 1950s by F.F. Bruce):

God commanded Habakkuk to write the things that were coming upon the last generation, but the fulfilment of the epoch he did not make known to him. (1Q p Hab. vii 1-5)

While ancient commentaries like this are NOT scripture, this particular one shows that those who understood the Hebrew language around 2000 years ago believed that Habakkuk’s words had NOT then been fulfilled and were for the time of the end.

Debt will be a major factor in the downfall of the USA, etc.

Do you believe the words that God inspired Habakkuk to write? If so, do you really understand what is going to happen to the USA, UK, and their Anglo-descended allies relatively soon?

There is also a YouTube video related to this: Was USA debt and destruction predicted 2,600 years ago?

The rising USA debt cannot continue indefinitely–there will be a major price to pay.

The time for repentance is now. While your nation (no matter which one in the world) is not expected to at this time, you can.

To learn even more, please, with your Bible, check out the following:

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. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
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? A related sermon is also available: The Bible, the USA, and the King of the West.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo (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 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-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?
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?
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 are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
Is God Calling You? This booklet discusses topics including calling, election, and selection. If God is calling you, how will you respond? Here is a link to a related sermon: Could God be Calling You? A short animation is also available: Is God Calling You?
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? A related sermon is also available titled: Real Christian Repentance.
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.