On June 3, 2023, US President Joe Biden signed a bill to increase the official debt-ceiling of the United States. According to its Treasury the "ceiling" has been changed, increased, or delayed 78 other times. The official debt has nearly tripled since the Obama-Biden Administration. The official debt increased about $2 trillion per year under Donald Trump's Administration and has done close to that in the Joe Biden Administration. While the USA has been able to increase debt with limited consequences (like inflation) so far, does the Bible show this can end in destruction? What did God warn about debt through the prophet Habakkuk? Is getting into high amounts of debt a blessing or curse according to the Bible? Do Democrats or Republicans currently have a plan that will now be implemented to pay off the debt? Has the USA been functioning as an international "leech" consistent with statements in the Book of Proverbs? Does the Bible say it is wicked to borrow money you do really intend to repay? Steve Dupuie and Dr. Thiel cover these matters.

A written article of possibly related interest is available titled 'Low-key lawmakers helped avert a debt ceiling crisis’ ‘Debt-ceiling Deal Enrages Freedom Caucus’

‘Low-key lawmakers helped avert a debt ceiling crisis’ ‘Debt-ceiling Deal Enrages Freedom Caucus’

COGwriter

NPR reported the following:

… Low-key lawmakers helped avert a debt ceiling crisis
June 1, 2023
There were plenty of well-founded complaints on either side — on the left, worries about increased work requirements that could hurt people in poverty, nervousness about the environmental impact of sped-up energy permits; on the right, continued head-shaking about what they see as out-of-control spending and debt, now topping $30 trillion.
But in the end, two-thirds of House Republicans and more than three-quarters of Democrats voted for the bill for a total tally of 314-117.
The Senate still has to pass the measure, but if it does, as is expected, it will be those who eschewed the wings of their parties — which have some of the most vocal, attention-getting members — who averted a potentially calamitous, first-ever U.S. debt default. …
Danger still lurks for McCarthy
The GOP right has plagued past Republican speakers, and to win this speakership, McCarthy had to make some big concessions to another one of the Five Families: the archconservative Freedom Caucus. … Freedom Caucus member Chip Roy of Texas seemed willing to go to the brink of default …
Freedom Caucus Chairman Rep. Scott Perry, R-Pa. on PBS NewsHour … declined to say whether he would force a vote on ousting McCarthy if his effort to derail the debt-ceiling vote failed.
“We’ll have that discussion after this is done,” Perry said. https://www.npr.org/2023/06/01/1179367537/debt-ceiling-congress-bipartisan-vote-biden-mccarthy

The deal approved last evening by the House of Representatives still has the US government spending a lot more than it brings in via taxes, fines, and fees.

And while the Republicans got something in the bill to reduce some spending, what they were involved with called “sequestration” ten years ago was abandoned and the debt has continued to rise.

As I have warned for years, the USA will continue to increase its debt.

Increasing debt plays a role in inflation and many in the US are suffering because of that.

Now, consider that the USA is basically believed to be the richest nation of all time.

Yet, it is also the most indebted nation of all time.

The USA is addicted to debt.

Its lusts for debt brought the following scripture to mind:

15 The leech has two daughters —
Give and Give!
There are three things that are never satisfied,
Four never say, “Enough!”: (Proverbs 30:15)

The USA has acted like an international leech.

Its leaders never have enough, so they continually take advantage of the USA dollar’s position as the world primary reserve currency and feel that they can get away with increasing debt without consequence.

That is wrong.

The USA also has no intention in ever properly paying its debts back.

That is wicked:

21 The wicked borrows and does not repay, But the righteous shows mercy and gives. (Psalms 37:21)

Shortly after becoming US President, Barack Obama said that the levels of deficit spending that the USA was engaging in was “unsustainable.” By definition, something that is unsustainable cannot continue indefinitely. The rise of USA debt is unsustainable, yet it is continuing.

The rise of US debt was listed by me as number 11 of 23 items to prophetically watch in 2023 (here is a link to a related sermon 23 things to prophetically watch in 2023). Here is part of what that article states:

11. Debt
The Bible teaches that the result of debt accumulation will be far worse than even many pessimists believe. Here is an end-time prophecy given to the prophet Habakkuk by God over 2600 years ago:
2 And the Lord answered me:
“Write the vision;
make it plain on tablets,
so he may run who reads it.
3 For still the vision awaits its appointed time;
it hastens to the end—it will not lie.
If it seems slow, wait for it;
it will surely come; it will not delay.
4 “Behold, his soul is puffed up; it is not upright within him,
but the righteous shall live by his faith.
5 “Moreover, wine is a traitor,
an arrogant man who is never at rest.
His greed is as wide as Sheol;
like death he has never enough.
He gathers for himself all nations
and collects as his own all peoples.”
6 Shall not all these take up their taunt against him, with scoffing and riddles for him, and say,
“Woe to him who heaps up what is not his own—
for how long?—
and loads himself with pledges!”
7 Will not your debtors suddenly arise,
and those awake who will make you tremble?
Then you will be spoil for them.
8 Because you have plundered many nations,
all the remnant of the peoples shall plunder you,
for the blood of man and violence to the earth,
to cities and all who dwell in them. (Habakkuk 2:2-8; English Standard Version)
The USA is the most indebted nation in the history of humanity and those in it should try to understand this prophecy. Perhaps it should be noted that the United Kingdom and Canada have about a similar massive per capita debt to that of the USA.
Notice the following levels of official US debt:
January 20, 2009, $10,626,877,048,913.08, date Obama-Biden Administration inaugurated.January 19, 2017, $19,944,429,217,106.77, date Obama-Biden leave office, replaced the next day when Trump-Pence inaugurated.January 19, 2021, $27,752,835,868,445.35, date Trump-Pence leave off, replaced the next day when Biden-Harris inaugerated. https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-pennyDecember 16, 2021 $29,206,281,597,429.63 https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-pennyDecember 8, 2022 $31,310,795,117,652.48 https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny
Official US debt nearly doubled under the Obama-Biden Administration. It also greatly increased in four years under the Trump-Pence Administration. It has also increased in that near two years of the Biden-Harris Administration–and further increases are expected. There is also Federal Reserve balance sheet debt that is not counted these figures.
Expect official US debt to increase in 2023.
The USA is walking a dangerous line on its debt that will not end well.
The Anglo-American world order will come to an end. Accumulation of debt, and then having to pay historically ‘normal’ interest rates will strain the national economies of the USA and UK more than almost anyone will believe.
Those who think the current world order with the USA’s dollar on top will last through the end of this century are in error.
Those who will believe the Bible will take the words that God spoke to the prophet Habakkuk seriously
The Bible warns that debt, and having to borrow from foreigners, is a curse that would hit those who received various biblical blessings as they became more disobedient (Deuteronomy 28:15,43-46).
The debt of the USA nearly doubled under the presidency of Barrack Obama, greatly increased under the presidency of Donald Trump, and is continuing to rise under the presidency of Joe Bideb. The admitted national debt is over $29 trillion, and this does not include state or local government debt, corporate debt, or personal debt.
Debt will increase in 2023.
Have you been paying attention to this?

Continually increasing debt is not good–biblically it is considered as a curse.

Notice:

15 “But it shall come to pass, if you do not obey the voice of the Lord your God, to observe carefully all His commandments and His statutes which I command you today, that all these curses will come upon you and overtake you: (Deuteronomy 28:15)
43 “The alien who is among you shall rise higher and higher above you, and you shall come down lower and lower. 44 He shall lend to you, but you shall not lend to him; he shall be the head, and you shall be the tail.
45 “Moreover all these curses shall come upon you and pursue and overtake you, until you are destroyed, because you did not obey the voice of the Lord your God, to keep His commandments and His statutes which He commanded you. 46 And they shall be upon you for a sign and a wonder, and on your descendants forever.
47 “Because you did not serve the Lord your God with joy and gladness of heart, for the abundance of everything, 48 therefore you shall serve your enemies, whom the Lord will send against you, in hunger, in thirst, in nakedness, and in need of everything; and He will put a yoke of iron on your neck until He has destroyed you. 49 The Lord will bring a nation against you from afar, from the end of the earth, as swift as the eagle flies, a nation whose language you will not understand, 50 a nation of fierce countenance, which does not respect the elderly nor show favor to the young. 51 And they shall eat the increase of your livestock and the produce of your land, until you are destroyed; they shall not leave you grain or new wine or oil, or the increase of your cattle or the offspring of your flocks, until they have destroyed you. (Deuteronomy 28:43-51)

The end result of the coming massive financial crisis will be the END OF THE USA!

Notice also the following:

Debt-ceiling Deal Enrages Freedom Caucus
The House Freedom Caucus has come out with guns blazing at House Speaker Kevin McCarthy’s compromised debt-ceiling deal. 05/31/23 https://thenewamerican.com/debt-ceiling-deal-enrages-freedom-caucus-fbi-director-will-be-held-in-contempt/

Now, the reason I quoted two articles in this post that mention the Republicans ‘Freedom Caucus’ is not because I am a Republican, but because of the following scripture:

7…And the borrower is servant to the lender.

Being a servant to debt is not freedom.

As far as some other scriptures to consider, notice the following:

8 He who sows iniquity will reap sorrow,
And the rod of his anger will fail. (Proverbs 22:7-8)
6 “Will not all these take up a proverb against him,
And a taunting riddle against him, and say,
‘Woe to him who increases
What is not his — how long?
And to him who loads himself with many pledges’?
7 Will not your creditors rise up suddenly?
Will they not awaken who oppress you?
And you will become their booty. (Habakkuk 2:6-7)

Since the moral direction of the USA is going in the wrong direction, it is understandable that debt will increase. This is leading to a real disaster in the future. The USA also cannot expect to lead the world economically for that long if it is going to continue to increase its debt–that is not based on any conspiracy but economic fact as well as insight from biblical prophecy (cf. Habakkuk 2:6-8).

But no, the politicians of the USA have not listened to the Bible.

The USA still has a massive pride about its dollar. Yet, the Bible teaches:

18 Pride goes before destruction, And a haughty spirit before a fall. (Proverbs 16:18)

It is prideful arrogance that gets humans to think that they can essentially completely control the economy and just borrow and print up money. They cannot. Weather, political events, diseases, wars, morality, technology, international matters, and other factors play a role.

The Anglo-American world order will come to an end. Accumulation of debt will end up being a financial crisis beyond what most “experts” and politicians have imagined.

National repentance is needed, but is not expected. The USA and its Anglo-Saxon allies will not last to the end of this century (watch also Might the U.S.A. Be Gone by 2028?).

UPDATE 0604/23: We just uploaded the following related video:

14:44
And the Debt Goes On …
On June 3, 2023, US President Joe Biden signed a bill to increase the official debt-ceiling of the United States. According to its Treasury the “ceiling” has been changed, increased, or delayed 78 other times. The official debt has nearly tripled since the Obama-Biden Administration. The official debt increased about $2 trillion per year under Donald Trump’s Administration and has done close to that in the Joe Biden Administration. While the USA has been able to increase debt with limited consequences (like inflation) so far, does the Bible show this can end in destruction? What did God warn about debt through the prophet Habakkuk? Is getting into high amounts of debt a blessing or curse according to the Bible? Do Democrats or Republicans currently have a plan that will now be implemented to pay off the debt? Has the USA been functioning as an international “leech” consistent with statements in the Book of Proverbs? Does the Bible say it is wicked to borrow money you do really intend to repay? Steve Dupuie and Dr. Thiel cover these matters.

Here is a link to our video: And the Debt Goes On …

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