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Treasury Secretary Timothy Geithner said Republican leaders have assured the White House they are prepared to lift the debt ceiling in time to avoid disruptions to capital markets and a potential credit default.
In interviews aired on the Sunday talk shows, Mr. Geithner said House Speaker John Boehner and other senior Republicans told President Barack Obama in discussions last week that they were aware of the risk of a credit default and were open to lifting the limit even in the absence of a comprehensive deal to slash the country's debt load....
jpw wrote: Psalm 10 may be a good one to add to the list here. Good day.
Thou art a man of few words, and I often times use too many. In all honestly, I have lost my train of though regarding the article. I was caught up with the relevance of the Psalm to my own present circumstances. I thank you for being the Lord's bruised reed. He did blow faith in my direction through your instrumentality.
May the Lord's grace and direction be known to you this day as you submit to Him. Psalm 32:8-10
jpw wrote: how about dealing with the issues at hand? the crooked paths of modern man are confounding.
If by the issues at hand, you mean the Debt cap, we are. If you want to do it with the half language of Ashdod or with mixed philosophies of the multitude, then know that no one here will stop you. Go for it; since you find the Scripture irrelevant to the discussion.
jpw wrote: Can you reform that which is not alive?
jpw, Leviticus 26:23-24 And if ye will not be reformed by me by these things, but will walk contrary unto me; Then will I also walk contrary unto you, and will punish you yet seven times for your sins.
Jpw do you think the group referred to in the Leviticus quote were all spiritually alive and that the announcement in those verses was from God for all the people Moses was leading at the time?
Dopey wrote: I am not sure what is meant by the quote in relation to the part I did not quote from you. If you care to elaborate further I would appreciate it.
I didn't think you were quoting me, but since I agreed with everything that you said until the last paragraph; that is the paragraph that I copied to dialog about; or wherein we differ.
It seems to me that all are very anxious for revival but any historian knows that without a preceding reformation that could do as much harm as good. The Scripture quote was to say that I know God does all things well and that he can save whomever He wills, however he wants, but He is a God of order. Revival without Reformation historically brings with it a great deal of disorder. Matther's 'The Wonderful Works of Christ in America' case in point. Our close attachment to the 2nd Reformation in the Isles cannot be disregarded.
Dopey wrote: It will probably take the greatest spiritual revival, turning to God that is, in the history of America to stop that train.
That would concern me if it was not preceded by a third reformation, consider the history of said 'revivals' in the US and what has been accomplished as a result balanced with Phil.1:15-18 Some indeed preach Christ even of envy and strife; and some also of good will: The one preach Christ of contention, not sincerely, supposing to add affliction to my bonds: But the other of love, knowing that I am set for the defence of the gospel. What then? notwithstanding, every way, whether in pretence, or in truth, Christ is preached; and I therein do rejoice, yea, and will rejoice.
According to the article the "debt ceiling" is "$14.3 trillion". That dollar amount didn't become that amount simply because of Obama and his administration.
When Obama and his administration came in the national debt was $10 trillion, $5 trillion of that figure having been added to the figure while George W. Bush was president. President Reagan was the first president to leave office with a national debt of $1 trillion. The last five presidents, including Obama, with their accompanying congress, have collectively produced the current $14 trillion national debt.
There is plenty of blame to go to both Republicans and Democrats for that disgraceful national debt of $14 trillion.
It will take a lot more than simply voting Republican or Democrat to stop that runaway national debt train and where that train is headed. It will probably take the greatest spiritual revival, turning to God that is, in the history of America to stop that train.
The article said: "The only way in which the U.S. could afford extending the Bush-era tax cuts further would be by "cutting very, very deeply into basic benefits for seniors, the disabled, the poor" or by "borrowing trillions of dollars from the Chinese,"
Poor Mr Geithner. Telling the truth is so difficult for him. He pretends that the borrowing of "trillions of dollars" is caused by lack of taxation, rather than his very own administration's spending spree. What can you expect from someone who "failed" to pay his own taxes? Economic understanding? He did apologize, though, and was rewarded by appointment as Secretary of the Treasury. Obama's highly qualified man in the money black hole of Washington.
The article said: "The only way in which the U.S. could afford extending the Bush-era tax cuts further would be by "cutting very, very deeply into basic benefits for seniors, the disabled, the poor" or by "borrowing trillions of dollars from the Chinese," Mr. Geithner said. China holds a big share of Treasury bonds the U.S. has issued to finance its expenses."
Yesterday, I read a very good sermon with much instruction as to what happens to any individual(s) or nation(s) when God is silent. Then they become open to all kinds of opinions, but God is silent.
From the notes: 1. The thing that goes before waiting upon the Lord, is,
(1)Isaiah 8:11-13 (2)Ezek. 11:16 (3) a threatening pronounced against the common multitude that decline and join with the times. "He will be a stone of stumbling unto them" a threatening to those who comply with the evil of the times and then there follows a wrapping up of the law and ordinances amongst the disciples or the people for God, for a time. from William Guthrie on Isa. 8:17-18
It seems to me that this has already happened and now we are waiting on God.