Greece has been slow to implement necessary cuts, which has exacerbated its debt crisis. However, in order to avoid bankruptcy, an agreement was made for Greece to make deep cuts, and this has caused considerable rioting. This inevitably shows us that long term debt cannot go unchecked. Without a doubt, a runaway credit card leads to financial disaster both personally and nationally.
How should we look at this as Christians?
God's Word is replete with commands of financial stewardship, and it is imperative that we live accordingly. The less debt we have, the less enslaved we are to another and the less likely we are subject to the whims of lenders. As citizens of this country, we currently have the right to vote, so we have the ability to elect officials who take good financial management seriously. If we refuse to elect those who will make hard financial decisions, we will reap the consequences and become like Greece.
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