How much is a Trillion?

As the federal deficit passes the trillion dollar mark (quadrupling since last year), and expected to go higher before the end of the year as Congress and the administration ponder yet more spending, how much is a trillion dollars?

• $10,000 for each household is one trillion.
• $3,000 for every man, woman, and child is one trillion.

But that’s just the so-called “stimulus” part of the debt — total federal debt now comes to $546,000 per household, according to USA Today, and increasing. At just 4% interest, each American household owes over $2,600 per month for the next 30 years — even if the spending spree stops now. Doesn’t leave much left for your family, does it?

Since the only way to finance such massive spending beyond available income comes from borrowing (or creating money), consider Solomon’s wisdom:

The rich ruleth over the poor, and the borrower is servant to the lender. (Proverbs 22:7 KJV)

Who’s buying the government’s debt?

As Chuck Missler says, debt is a presumption on the future. Christians must be wise stewards of what God has given them; don’t take your cue from the massive spending spree currently in vogue by the federal government. Massive deficit spending pulls forward demand from future years — in essence spending our children’s income before they earn it. At some future point the debt must be paid.

Stimulus doesn’t sound so good when you consider it’s spending your children’s earnings, does it?