God’s Words On Debt

In our age of debt-ridden, over-leveraged families, it’s refreshing to see how God dealt with the issue of debt in the Old Testament.

“At the end of every seven years you must cancel debts.  This is how it is to be done: Every creditor shall cancel the loan he has made to his fellow Israelite. He shall not require payment from his fellow Israelite or brother, because the LORD’s time for canceling debts has been proclaimed.  You may require payment from a foreigner, but you must cancel any debt your brother owes you.  However, there should be no poor among you, for in the land the LORD your God is giving you to possess as your inheritance, he will richly bless you,  if only you fully obey the LORD your God and are careful to follow all these commands I am giving you today.  For the LORD your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.”Deuteronomy 15:1-6

God’s intent for His people was that they would NOT be forever burdened by debt, but that they would take care of each other through generosity.  And every seven years, all inter-Israelite debts were to be completely canceled – everyone gets to start over as debt-free.  It’s clear that God does not want His people to be worried or burdened by crushing debt which never ends.  The result?  Responsible borrowing and lending, time-limited loans, and the knowledge that God’s people would rule over other nations in this regard.  I think there is application to our society today.

By the way, here is a neat little view about what one trillion dollars looks like.


1 Response to “God’s Words On Debt”

  1. August 28, 2014 at 11:48 pm

    Ohio does the simpsons used tips out previously impression politics.

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