Faith and Public Policy: Spending Money You Don’t Have

I am watching a few of the Sunday morning political programs, and the main topic (other than Egypt) seems to be the upcoming budget debate. So, from the faith perspective, what should we consider in this debate?

Is it wrong to spend money you do not have? The easy answer is yes, because to do so requires theft, but I think the question is harder than that. While I believe that using a credit card is fine, where should the line be drawn? I draw mine here: when a government (or individual) cannot honestly say that they have a reasonable plan for paying back a debt, this goes beyond the levels of what should be allowed.

When a program is proven to not work, to bankrupt a people, the government should do its best to quit spending money that will not be there when the time comes.

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