The Fear of the Lord is the Beginning of Wisdom

I just love this......"Just because God created the world in seven days doesn't mean we have to pass this bill in seven days," said Rep. Joe Barton, R-Texas.

This is from My Way News Ben Bernanke gave this warning.....

Federal Reserve Chairman Ben Bernanke bluntly warned reluctant lawmakers Tuesday they risk a recession with higher unemployment and increased home foreclosures unless they act on the Bush administration's $700 billion plan to bail out the financial industry....

"The financial markets are in quite fragile condition and I think absent a plan they will get worse," Bernanke said.

Ominously, he added, "I believe if the credit markets are not functioning, that jobs will be lost, that our credit rate will rise, more houses will be foreclosed upon, GDP will contract, that the economy will just not be able to recover in a normal, healthy way." You can read it all here

Now remember what Bernanke's has said...

While thinking about this. With a "good economy" we have the Federal government in debt, it has already spent and needs to repay 10.5 trillion dollars. ($10,500,000,000,000,cheap) This is spending beyond what they spent from our tax's.

I'm pretty sure I have heard the number of 4.5trillion of borrowed money, debt, being held by just Fannie and Freddie Mac concerning mortgage's americans owe. They only are holding 80% of the mortgages, so there's more.

Tonight I read here that according to forbes we also have 2.5trillion in credit card debt. So with a good economy, a healthy economy, we have borrowed and spent 17.5 trillion dollars over and beyond what we have earned.

Rom 1:21 Because that, when they knew God, they glorified him not as God, neither were thankful; but became vain in their imaginations, and their foolish heart was darkened.22 Professing themselves to be wise, they became fools,

Unless we can recklessly continue to borrow and spend, our economy... "will just not be able to recover in a normal, healthy way." (?)

This is what happens when man believes that he can be the determiner, the definer, of what is right and what is wrong, that which is good and that which is evil.