• America’s COVID-Worsened Debt: Frittering Away Our Grandchildren’s Future?

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    Surge Summary: While America has been distracted by a second Trump impeachment spectacle, Democrats have moved ahead with a dizzyingly and irresponsibly profligate “COVID relief” bill”. It turns out to actually be a nearly two trillion-dollar stimulus bill. This piling up of American debt is an immoral act that will burden the nation’s children and grandchildren.

    by Jerry Newcombe, D.Min.

    Ronald Reagan once observed, “Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other.”

    I think of that quote when I read some of the details of the $1.9 trillion stimulus bill that is touted as “COVID relief.” Critics, like Congressman Steve Scalise (R-Louisiana), say that it’s a “liberal wish list.”

    Like Scalise, other Republican members of the House understandably oppose the bill, observing,  “Democrats have been hoping the public’s attention has been occupied watching a made for TV show trial of the former president in the Senate, because they’ve been trying to quietly load up a $1.9 trillion budget reconciliation bill with special interest pork and other liberal goodies.”

    The bill proposes a $1400 stimulus check for those who make under $75,000. The New York Post observes that less than 1 percent of the total proposed for spending deals directly with COVID per se, such as the distribution of vaccines.

    What does this proposed spending include?

    • Abortion spending, including the opportunity for Planned Parenthood to get more funding from the Paycheck Protection Program—funds that are supposed to help small businesses stay afloat during the pandemic.
    • Illegal immigrants can receive some of this stimulus money through family members.
    • Schools that remain closed can also receive these funds. This “Unconscionably gives labor unions—including those teachers unions fighting against school reopening—access to PPP funding worth up to $10 million per union,” say House Republican opponents of the legislation.
    • The bill gives $350 billion in subsidies to failed state and local governments that have shut down small businesses. It seems that the wrong people are getting rewarded and the innocent victims of COVID, including small businesses, are getting penalized.

    And on it goes.

    One man who is happy about all this spending is Vermont Senator Bernie Sanders, who said, “We are spending a lot of money…. I do think it is appropriate to start taking a hard look at asking the wealthy and large corporations to start paying their fair share of taxes.”

    It would seem that the left’s principle of “never let a crisis go to waste” is in full use here.

    Where will all this money come from? Likely our grandchildren. No wonder the left likes abortion so much—they won’t have any grandchildren to be saddled with their irresponsible, runaway spending.

    Our third president, Thomas Jefferson, gave some strong warnings about our economy: “To take from one, because it is thought that his own industry and that of his fathers has acquired too much, in order to spare to others, who, or whose fathers have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, ‘the guarantee to every one of a free exercise of his industry, & the fruits acquired by it.’”

    Notice in particular what he had to say about governmental debt: “I place economy among the first and most important virtues, and public debt as the greatest of dangers to be feared. To preserve our independence, we must not let our rulers load us with perpetual debt. If we run into such debts, we must be taxed in our meat and drink, in our necessities and in our comforts, in our labor and in our amusements. If we can prevent the government from wasting the labor of the people, under the pretense of caring for them, they will be happy.” [Emphasis added]

    In his Farewell Address, George Washington warned against runaway spending and needless debt: “As a very important source of strength and security, cherish public credit. One method of preserving it is to use it as sparingly as possible, avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it, avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertion in time of peace to discharge the debts which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burden which we ourselves ought to bear.” [Emphasis added]

    In other words, during peacetime, the priority should be to pay off war debts. Meanwhile, we should avoid racking up debt.

    Indeed, what kind of a country runs up a big bill, spends the money now, and then leaves it up to our children and grandchildren to have to pay it all back? There is nothing ethical about this.

    Proverbs 13:22 says “A good man leaves an inheritance for his children’s children.” In America we’re now doing the opposite—contrary to what both the Bible and the founders had to say.

    As Ronald Reagan put it: “We could say the government spend like drunken sailors, but that would be unfair to drunken sailors, because the sailors are spending their own money.”

    The views here are those of the author and not necessarily Daily Surge

    Originally posted here.

    Image: Adapted from: mohamed Hassan from Pixabay

    Jerry Newcombe

    Jerry Newcombe, D.Min., is an on-air host/senior producer for D. James Kennedy Ministries. He has written/co-written 31 books, e.g., The Unstoppable Jesus Christ, American Amnesia: Is American Paying the Price for Forgetting God?, What If Jesus Had Never Been Born? (w/ D. James Kennedy) & the bestseller, George Washington's Sacred Fire (w/ Peter Lillback) djkm.org @newcombejerry www.jerrynewcombe.com

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