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Redeemed Sinner. Deep Roots. Southern Heart.

Thursday, March 4, 2010

The Curse Of Debt, Part 2

At the root of our national problem is a lack of personal responsibility among the citizens. There was a time when borrowing money or resources from anyone was looked down upon.
The debt at the national level is merely the reflection of the debt among the people. Car dealerships are notorious for statements like: "Pay zero down!!!!!".
But those who actually take advantage of this offer will find themselves fighting against the monster of compound interest, effectually becoming slaves until they can somehow manage to pay it all off.
Mass spending at the federal level stems from the government taking over institutions which it has no Biblical jurisdiction over (i.e.- education). When our founding fathers wrote the Constitution, they tried to make the limits of government extremely clear. A recurring theme in that document is the federal government shall not. However, as Larry McDonald points out in his book We Hold These Truths:
..." whether the system actually operated as established would really depend on the people. Would they remain vigilant and sufficiently well informed, themselves using "unsophisticated common sense" about what the federal government can legally do, to make their federal officials obey the fundamental law of the nation?"

History shows that we have not. We tried in 1861 and failed. We live with the consequences today. Because of this, we will live under a burden of debt that will pass down to our children and our children's children. Unless drastic changes are made. Successful reformation begins with the family, at the grassroots.

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2 Comments:

Blogger Daniel said...

I recently finished reading Hamilton's Curse, and really appreciated most of what DiLorenzo had to say. He spends a fair amount of time talking about the "Whiskey Rebellion" of 1794, which was really a test-case for federal authority within individual states. And in many ways, this was a precursor to the War Between the States as well.

I'd be very interested to hear your thoughts on these events in a future post!

March 4, 2010 at 7:22 PM  
Blogger Stephen said...

Thank you sir, I will look into it.
I'm so glad to see that you finally got around to reading it!

March 5, 2010 at 3:48 PM  

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