The United States Senate has voted to pass a bill that would increase the debt ceiling; according to a February 13 article in the Chicago Tribune. The vote was not cast along party lines.
The article goes on to say that 12 Republicans joined the Democrats to pass the measure.
According to Wikipedia, the debt ceiling was designed to limit the about of debt that the treasury could incur. In actuality, the ceiling limits the amount of existing debt that can be paid down. There have been 3 major debt crises since 1995.
The Holy Bible speaks of debt in different ways. In one instance, it encourages us to owe no man anything but love. The scripture is not about money; it more-so speaks to the debt of love paid by Christ. It is a love unconditional; and sufficient in every way.
In the book of Philemon, the Apostle Paul offers to cover any debt incurred by a runaway slave. He tells the owner to charge the debt to his account; clearly a reference to monetary debt.
The Bible does not encourage debt; but it does encourage us to do what we can to help each other.
Source: Chicago Tribune
What is your opinion of the debt ceiling?
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