From My Perspective - - -
Economics
– is it a boring subject or one that is vital to how you exist now and
in the near future? The following - even though it is politically
motivated – should at least gain some attention (taken from Boortz):
Figures From The Wall Street Journal:
When
the Democrats took control of Congress in 2007, the debt held by the
public was 36.2% of GDP. It rose to 40.2% the next year. This year it
will be about 63.6%, next year 68.6%, then 77% of GDP in 2020. And the
Obama administration's budget estimates 218% in 2050. The deficit in
2007 was $160 billion. In the next year the Pelosi-Reid Congress took
it up to $458 billion, and when President Obama came into office in
2009 it hit $1.4 trillion. The current 2010 projected deficit is $1.6
trillion, which will lead to a tripling of our national debt from 2008
to 202o.
Budgets Proposed By Presidents:
If
Obama had simply kept Bush's spending policies in place, federal
deficits over the next eight years would be 60 percent lower. In 2018,
we'd have a deficit of just $188 billion, instead of the projected $996
billion under Obama's budget.
The following is excerpted from Jerome Corsi's Red Alert, an online newsletter:
The
Institute of International Finance, a group that represents 420 of the
world's largest banks and finance houses, has issued yet another call
for a one-world global currency…A core group of the world's leading
economies need to come together and hammer out an understanding…There
needs to be a return to the G-20 commitment to utilize International
Monetary Fund special drawing rights to create an international
one-world currency alternative to the U.S. dollar as a new standard of
foreign-exchange reserves…A July United Nations report called for the
replacement of the dollar as the standard for holding foreign-exchange
reserves in international trade with a new one-world currency issued by
the International Monetary Fund.
An Additional Report states: Senior Citizens Brace For Social Security Freeze (Drudge Report):
Seniors
prepared to cut back on everything from food to charitable donations to
whiskey as word spread Monday that they will have to wait until at
least 2012 to see their Social Security checks increase. The government
is expected to announce this week that more than 58 million Social
Security recipients will go through a second straight year without an
increase in monthly benefits…More than 58.7 million people rely on
Social Security checks that average $1,072 monthly. It was the primary
source of income for 64 percent of retirees who got benefits in 2008;
one-third relied on Social Security for at least 90 percent of their
income…Advocates for seniors argue the Consumer Price Index doesn't
adequately weigh the costs that most affect older adults, particularly
medical care and housing.
Lastly, the following report: Dollar Falls As 'Currency War' Concerns Linger:
The
dollar fell against the euro and yen on Monday after the world's top
finance officials failed to reach a consensus on measures to head off
what some see as a looming ‘currency war’…The euro reached 1.40
dollars, while the US unit hit a fresh 15-year low against the yen amid
growing expectation that the Federal Reserve will…bolster the
struggling US economy…
The
world is facing uncertain times. Question: In “What” or in “Whom” is
your Faith and Confidence Placed? Can Almighty God – Will the Faithful
God - provide for His people? The answer is – Yes!
Matthew
6:25-34 urges one “not to worry about what you will eat, drink or
wear…your Heavenly Father knows…” and for those who seek Him first –
all these things will be cared for and provided.
Matthew
17:24-27 records the miracle of the coin in the mouth of the fish that
was used by Jesus and His disciples to pay their Temple Tax.
Do
you remember I Kings 17:1-15 and the time of famine? The Lord provided
for a faithful and caring widow by making certain that her supply of
oil and flour remained constant.
The
God and Savior who is the same yesterday, today and forever wants us to
cast all of our care upon Him, and know of His care for us (I Peter
5:7)! He knows all things (Omniscience); He is able to do all things
(Omnipotence); and He is with you wherever you are (Omnipresence).
Trust Him! Consider these things with me!