Government leaders and people need to learn to be content so that our country can live within its means.

Government leaders need to understand that from a practical perspective they are stewards of the money that the people have entrusted to them. And, from a purely spiritual perspective, Government leaders need to acknowledge that God owns everything. Haggai 2:8 says

It is incredibly dangerous that most governments have “planned deficits”. In other words they plan to spend more than their projected revenue and accumulate even more debt.

The most common area where almost all governments violate God's financial principles is related to the accumulation of billions of dollars of debt, which long-term results in many negative consequences including higher taxes, inflation, higher interest rates, devaluation of the currency, reduction of programs etc.

It’s God who will meet our needs, it’s not God and the financial institutions or foreign lenders, rather it’s God who will meet our needs if we learn and apply the biblical financial principles

It is not a sin to borrow, however as outlined in previous financial moments, there are long-term negative consequences to accumulating debt.

The biblical principle is that short-term or hasty decisions lead to long-term financial problems and this applies to both governments and individuals. Everyone needs to minimize debt and save for future needs.

For those individuals and government leaders who follow God’s financial principles, they will be blessed however for those who do not follow God’s financial principles, they will inevitably have major financial problems.