We Must Balance the Budget Or We Will Lose Our Ability To Bless Anyone

By: Ryan Atkins 0 Comments   8/16/2011

Balancing the budget is no longer optional.

Now that a compromise has been signed to increase the United States debt ceiling, preventing the US from going in debt, while decreasing about two million from the National debt, I think we should look at the need to balance the budget, which means each citizen will need to do their part.

Some argue that taxes should rise for the highest incomes in the country, as well as tax breaks becoming eliminated for those same individuals and companies. That may be an appropriate action, however, I am writing specifically about the importance of the US reigning in spending to a comparable margin of how much money we bring in.

Scripture contains the wisdom that ou rleaders seem to be struggling to find.

“The rich rule over the poor, and the borrower is servant to the lender.” Proverbs 22:7

The United States cannot expect to be in debt to numerous other countries, yet pretend to be a world leader. We cannot have it both ways, which is why the U.S. must fix the debt and spending issues that are plaguing the country.

I understand that much discussion has been publicized regarding republicans believing cuts is the best method to solve the debt issue, while democrats believe taxing the wealthy.

I do agree that we as a society should not be automatically against raising income taxes, those with money should be willing to help those who do not, however, we as a country need to control our spending, which means we cannot continue to raise our debt to continue to live as we have been.

I can speak on this because I am doing my part. The agreement that raised the debt ceiling, while cutting 2 trillion in spending directly affects me.

Any graduate student will no longer be able to receive subsidized loans, which means only unsubsidized loans will be available. The difference between a subsidized loan and unsubsidized loans is that the government subsidizes the interest while the student is enrolled in school, meaning the student does not have to pay the full interest.

An unsubsidized loan does not have this benefit, meaning interest will be increasing while the student is in school.

This change won’t begin until July 2012, giving me one year of grad school under my belt before the change begins.

Before I knew I would be affected I strongly believed the US needed to radically curtail spending, my thoughts have not changed on this issue.

I understand many people believe the US as a country should be giving to the poor, which we should. However, a day will come when the US will have no money to give anyone. How can we give when we ourselves don’t have anything to give?

We must do the hard work of truly balancing the budget. The fact that the US was downgraded from AAA to AA+ by Standard & Poors reveals the true state of frailty the United States economy is in.

Hopefully, the citizens and government sense the importance of truly letting go of how we once lived for a time.

This is our opportunity to redeem the nation for the next generation, by being good stewards of what has been given to us and prove the impossible is possible by balancing the budget, even if it hurts.  

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