A few weeks ago, I read this article which states the U.S. debt limit of $18.1 trillion dollars, will be reached as soon as November 5th (or before) at which point the government would run out of borrowed money and be forced into default. This would mean the U.S. would be "forced to default, either on bond payments or other discretionary or mandatory spending."
Is this not madness to the nth degree? Would any rational person set a limit on how much money they can spend per month, then wildly spend beyond that limit, and then reset their debt limit to a higher amount? I don't think so. They would keep their spending level to a point where they would not exceed their proposed budget.
I keep a personal home budget on my computer. My economic goal is not to see how much "more" I can spend of the budget monies that I have allocated for that budget, but rather how much "less" I can spend, and still keep my household running efficiently.
God wants us to be good stewards of all that He has blessed us with (1 Corinthians 4:1-2). In the parable of the unjust steward (Luke 16:1-13), the steward had been accused of wasting the rich man's goods. However, the steward was shrewed, in that he called in those who owed his master and reduced their debts so that they would be indebted to him for the favor (see article).
The moral of the above parable is that if we are not faithful in correctly handling the “unrighteous mammon” (worldly riches), how can the Master trust us with “the true riches” (Luke 16:11; cf. Luke 12:33; Luke 18:22; Ephesians 3:8; James 2:5; Revelation 3:18). We must prove ourselves to be faithful in the proper use of material possessions before we can be trusted with spiritual possessions — and that includes every adult individual in the United States of America (elected representatives included)! (Romans 14:7-12; 2 Corinthians 5:10).
Beloved, when the money runs out (and it will if our nation continues on with reckless and irresponsible spending!), economic disaster and chaos are not far away.
—Mike Riley, Gospel Snippets