The Debt Ceiling and Why It Matters
Posted inCurrent Events

The Debt Ceiling and Why It Matters

What is the debt ceiling? The debt ceiling dates back to 1917. It caps the level of debt that the federal government can assume. Once the U.S. hits the limit and exhausts ways to pay its bills, Congress must lift the ceiling in order for the government to continue to borrow to meet its obligations. If it doesn’t, the country could be forced to default, which experts...
February 16, 2023Posted inCurrent EventsTags: , ,
Posted inCurrent Events

Give Me Neither Poverty nor Riches: Lessons from the FTX Debacle

Two things I asked of You, do not refuse me before I die: keep deception and lies far from me, give me neither poverty nor riches; feed me with the food that is my portion, that I not be full and deny You and say, “Who is the Lord?” or that I not be in want and steal, and profane the name of my God. (Proverbs 30.7-9...
November 16, 2022Posted inCurrent EventsTags: , , , ,
Sallie Mae an Example of Violating God’s Purposes for Business
Posted inCurrent Events

Sallie Mae an Example of Violating God’s Purposes for Business

This article in the Wall Street Journal, Al Lord Profited When College Tuition Rose. He’s Paying for it is an example of how violating God’s purposes for business creates inefficiencies and inequities in our society (or any society for that matter). The article (adapted from the book The Debt Trap: How Student Loans Became a National Catastrophe) reveals that back in the seventies – nearly 50 years...
July 24, 2021Posted inCurrent EventsTags: , ,
Do Not Pledge Another’s Debts
Posted inWisdom Sayings

Do Not Pledge Another’s Debts

Proverbs 22.26-27 Do not be one who shakes hands in pledge or puts up security[1] for debts; if you lack the means to pay, your very bed will be snatched from under you.[2] In this saying, we’re instructed to avoid accepting the legal obligation to pay another’s debts on their behalf, should they default on the debt. In essence, we should not allow our assets or our...
May 15, 2021Posted inWisdom SayingsTags: ,
The Life of Christian Stewardship
Posted inChristian Stewardship

The Life of Christian Stewardship

View Bill's sermon here. Good morning. We’re in the 3rd Sunday of a four-part series focusing on Christian stewardship. The central idea which we’re working with is this: Disciples of Jesus Christ are faithful to God in stewarding all that He owns by disadvantaging themselves in order to advantage His kingdom. On the first Sunday, we looked at the Context for Stewardship. We learned that the context...
May 11, 2021Posted inChristian StewardshipTags: , ,
Debt and Lending
Posted inTheology and Business

Debt and Lending

Debt and Lending is a difficult subject to address adequately. What follows is lengthy. But if you take time to read through it, I believe you’ll have a better idea about what the Scriptures command concerning debt and lending. What is Debt? R.C. Sproul has written one of the best books I’ve ever read on economics. Coming from a theologian, this is remarkable. I’ll quote from his chapter...
August 9, 2020Posted inTheology and BusinessTags: , , , ,
Being Responsible for Another’s Debts Shows Lack of Judgement
Posted inChristian Stewardship

Being Responsible for Another’s Debts Shows Lack of Judgement

There are four passages in the book of Proverbs which discuss the scenario in which one person (Guarantor) takes on the responsibility to pay the debts of another person (Debtor) should the debtor default on his payments. Here are the passages: Proverbs 6.1-6 My son, if you have put up security for your neighbor, if you have shaken hands in pledge for a stranger, you have been...
November 12, 2015Posted inChristian StewardshipTags: , ,