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18 Indications That Europe Has Become An Economic Black Hole

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Author Topic: 18 Indications That Europe Has Become An Economic Black Hole  (Read 1503 times)
Psalm 51:17
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« on: November 21, 2012, 11:12:14 am »

Another thing - one of the socialist agendas that's been infiltrating the education system is just that...teaching young people that having DEBT is *good* for businesses and the economy to *grow*. At least from my experiences in Accounting/Finances classes, they've put emphasis over how taking out debt is good for businesses b/c 1) They can write off the interest on their tax returns, hence paying less taxes, and 2) They get consistent cash flows to make payments. And they try to spin it to where it looks better, somehow on your financial statements when you do so.

Seriously - debt IS debt, no matter how much you rationalize your way out of it. Whatever happened to *saving* your leftovers every month? Shouldn't THAT ITSELF be enough to make consistent cash flow payments? And when you save, doesn't INTEREST grow on this, which would give you more elbow space to make CF payments? And having lower tax payments every year? Uhm...FWIW, doesn't the 501c3 Churchianity system stress how if you give "tithes", then you get *blessings* with nice *tax refunds* every year? IOW, doesn't this whole carrot dangling rhetoric of "do what you can to get lower tax liabilities" sound familiar?

And believe it or not too, even those who profess to be "Reagan fiscal conservatives" believe THE SAME THING over this issue of debt.

God's word NEVER lies - in Proverbs(which was written by the wisest man of all time, Solomon) says that the borrower is a slave to the lender. And Paul says in Romans to be indebted to NO man, but to LOVE one another(which is the 2nd commandment, and fulfills the law).

Ultimately, guess it should come to no surprise that the global economy is where it is now - "conservatives" can call themselves conservatives all they want, but if they reject the word of God, there's dire consequences for this.

Joh 3:18  He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God.
Joh 3:19  And this is the condemnation, that light is come into the world, and men loved darkness rather than light, because their deeds were evil.
Joh 3:20  For every one that doeth evil hateth the light, neither cometh to the light, lest his deeds should be reproved.
Joh 3:21  But he that doeth truth cometh to the light, that his deeds may be made manifest, that they are wrought in God.

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