Undergroundchurch Blog

Preparing the Church for the future

  • UnderGroundChurch

  • Enter your email address to subscribe to this blog and receive notifications of new posts by email.

    Join 17 other followers

  • Subscribe

  • Twitter

The Church vs. the Money Hungry Government

Posted by undergroundchurch on April 12, 2009


Happy Easter!

Ok, I know that the title of this article is a bit strong, but the reality remains; we have a very money hungry government that is about to go on a binge.

Let’s look at some facts:

According to the CBO (Congressional Budget Office), the recently passed $789 billion spendulus bill that was supposed to stimulate the economy will cost an actual $3.27 Trillion over the next 10 years.  The main reason is that it contains items that will have to be renewed annually and a cool $744 billion in debt servicing (interest and the like). Source

That’s like buying a house for $100,000 which will actually cost you $220,000 over the next thirty years because of interest.  Only the building project ran into overruns and you end up paying $200,000 for the house.  Now it is going to cost you $400,000 for that $100,000 house and you have to pay it back in 10 years, not 30 years. To make matters worse, this is a house that you won’t even use.  You already pay for a house somewhere else that you can’t afford; now you are adding to your debt load.

At some point, you won’t even be able to pay the interest on the loans you have with the money you have coming in.  You will need to find new sources of income. 

This is where the government is right now.  They are adding huge amounts of debt at an astonishing rate.  It will break the bank and the government will be forced to look for new sources of income.  Now where can they look?

The rich are always a nice source to tap.  Only problem there is that there are not a whole lot of them around, and that well is going to run dry eventually.  The rich will only allow themselves to be shafted so long and then is astalavista baby. Don’t forget that it is the rich that employ the rest of us.

We know they will never raise the tax on the lower and middle class.  They are the voters that keep them in office.  They are the recipients of all the government prize money. The only thing they will do is lower the top end of the middle class definition, but not too much.  They want to stay in power. (A little sarcasm I know, but it is true)

What other source is available?  What about groups and organizations that don’t pay taxes like non-profits and churches.  It’s time they step up and contribute.

There are two ways the government will do this.  First, they will lower or remove altogether the tax deductible nature of the charitable donation.  Second, they will tax non-profits (including churches) according to their income. 

We will discuss how this is going to unfold in my next article.

Advertisements

One Response to “The Church vs. the Money Hungry Government”

  1. […] husband Anthony have just started a n… http://bit.ly/6Ew4H6 1 week ago « The Church vs. the Money Hungry Government Noisy Worship […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: