Nehemiah 5:3 Some also there were that said, We have mortgaged our lands, vineyards, and houses, that we might buy corn, because of the dearth.
This incessant borrowing, without tackling the principal, in turn will continue to drive up costs for your everyday Joe, as interest payments increase. In case you haven’t noticed, credit card payments and interest rates on mortgages and car loans are going higher and higher, and this will continue to be the case unless we individually and collectively decide to bite the bullet, and make tough decisions and choices to rein in the runaway train.
The problem is that the model in question has had a trickle-down effect, in that families, and individuals have now subscribed to the philosophy of constant borrowing, and, like the feds, some have come to believe that the only way out of this conundrum is to borrow more and more. That’s the equivalent of saying that the only way for you to stop sinning is to keep on sinning. It will not work, for it’s a principle that is not self-sustaining.
And, any individual, any community, any church, any family, any state, or any business entity that follows this model is looking at structural defects, and if it is not corrected it will come crashing down one day, as did the Champlain towers on Miami beach. It’s not a matter of if, it’s a matter of when. The first statement in our opening passage instructs us to render to all their dues. In the context of debt, all means all including big business entities that may not have done right by John public, also companies that can afford to absorb, late, missed, or minimum payments.
Nehemiah 5:4 There were also that said, We have borrowed money for the king's tribute, and that upon our lands and vineyards.
May God add His blessing to the study of His word. “Good night” and God bless!