America’s Fourth of July celebrations were accompanied by unparalleled uncertainty, self-doubt, pessimism and disillusionment. Trust in the government, Congress, the opposition, the economy, big business, the churches and the media is at an all-time low. The stimulus package was a colossal failure and resulted in higher national debt, which is now $14.5 trillion dollar. At the same time, as the Wall Street Journal wrote, Germany is sitting on top of the world. What does this all mean in the light of biblical prophecy?
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Mr. Obama’s “Beginning of the End”
Without even reading it, Congress “approved” and rubber-stamped the new $800 billion stimulus package. When President Obama signed it into law, he declared that this was the “beginning of the end.” Considering that the USA is already $10 TRILLION in debt, and that the stimulus package and subsequent measures may very well DOUBLE or TRIPLE the national debt within the next few years, what exactly IS the “end” that we are beginning to see?
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Is President Obama’s new stimulus package another disaster? If approved by the Senate, it will cost the U.S. taxpayers in excess of $888 billion. What about further attempts to bail out incompetent banks, which might cost us in excess of $3 trillion–while these same banks refuse to stimulate the housing market? What about uncontrolled greedy healthcare insurance companies, which take advantage of their customers? Will a Great Depression, ever-increasing unemployment figures and sky-rocketing inflation due to irresponsible printing of U.S. currency bring about the conditions of the Weimar Republic?
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