Our Country’s Deficit: Go to the Lord in Prayer

I had to suffer being knocked off-line for a few days. During that time, I have watched and listening to all the back and forth and political posturing coming from the Obama administration and the congressional Democrats and Republicans. Regardless of where you are in the political realm, I hope those saved by the blood of Jesus Christ are praying for this country’s debt crisis.

If we go into default, not only will we it affect this country negatively around the world, but here there would be a rise in interest rates propelled by a fall in the number of bidders for new Treasury bonds.  This would affect higher costs in home mortgages, student loans, credit cards and auto loans. Could you afford for your mortgage rates to go higher. If you think the foreclosures are bad now, well you have not seen anything yet. It also would increase the federal deficit by raising interest rates on the debt.  Read more here. Christians please pray.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s