Monday, December 24, 2007

IS IT MERRY CHRISTMAS, OR HAPPY DEBT DAY?


As we enter into the celebration of our Lord and Savior Jesus Christ, there is troubling news on the home front. People are sinking deeper and deeper into credit card debt, and more and more of them cannot make their payments. Here is a startling number from the wires;

"The value of credit card accounts at least 30 days late jumped 26 percent to $17.3 billion in October from a year earlier at 17 large credit card trusts."

It is the biggest con in the world, credit. The credit card companies target people as soon as they are of age, and sometimes earlier. They have normalized buying things without having the money. In fact you will regularly hear people tell young people that they need to have a credit card, so they can, get this, "establish credit!" In the spirit of full disclosure, I use credit cards and have fallen into the trap of credit card debt, so I do not write this from the , better than thou, perspective.

So now as the economy begins to realize what a falling dollar, and more and more foreign ownership means, regular average people are feeling the crunch. Guess what? The bill has come due, and there is not enough money to pay, so many people will simply declare bankruptcy and begin all over again. Which by the way, is part of the problem. The problem of credit is that gives the illusion of things not having a cost, therefore people do not have to be responsible. When you add in the benefit of a bankruptcy that allows people to truly not be responsible for what they owe, you have the recipe for the disaster that is beginning in our nation.

As I write this, and as you read, the reality is that tonight and tomorrow people will give gifts that they did not have the money to buy, but they bought them anyway. Others will receive gifts that were bought on credit, because the giver could not afford to pay for them. And all of this will be done in the name of.......Jesus? As His people we can do better than that. We should at least understand Christmas enough to only buy what we can pay for at the time. If we really understand Christmas, which of course is the question!

blog you later,
pastor tom
www.engagingyourworld.com