Monday, March 10, 2008

The Church in the Coming Economic Collapse

What should the Church in America do during the coming economic collapse of America?

By "coming economic collapse" I do not mean the current recession, although the current recession is a foretaste.

This new Great Depression comes gradually over the next 5-20 years. The US government promises for Social Security and Medicare will overwhelm our ability to pay. The promises to pay for these programs amount to a debt of $455,000 per household in America.

See this article from the resigning Comptroller General of the United States (read: the Chief Accountant!) How the U.S. can avoid a fiscal wreck. Bush's top accountant is jumping ship early to fight for this. It's big!

What will come: The U.S.'s credit ratings will fall, the interest rate on the debt will jump up, the government will need to both drastic raise taxes AND print money it's not taking in which will be a tax itself.

The situation summarized--most Americans will feel like they are working harder than ever and still can't be their bills. Some will "drop out" of working because they can't make ends meet by working, and some will drop out of paying taxes because of the high tax rate.

The Coming Generational Storm documents the problem well.

What should Christians do?

Naturally, I would probably do a mix of tax evasion, working overseas, and saving money to cover my own situation.

But for Christians: conduits of grace and renewal. Loving the neighbor, repenting of personal sin, working a job, paying the bills, paying taxes.

What the Church should do is not hard for me to see. It's me that's hard. I want to cop-out on experiencing this coming Great Depression. I don't want to work under 60% taxes with rising prices and falling wages. This prolonged depression (I predict) will try my endurance.

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