Article by Tony Perkins in Fox News

"Where your treasure is, there your heart will be also." Those were the words of Jesus from His Sermon on the Mount, as he taught a lesson about how to value the things of heaven and the things of this world.  How does that admonition apply if you're talking about a treasure that is borrowed? And does this only apply to people or should governments pay attention?

Debt is strongly discouraged in the Bible, where it says the “borrower is slave to the lender.” In fact, Proverbs 17:18says "One who lacks sense gives a pledge and puts up security in the presence of his neighbor."

It might be a good idea to consider such biblical principles and give them consideration considering the financial news out of Washington recently. The president and congressional leaders announced that a bipartisan deal had been reached to raise the nation's debt ceiling, a pledge made with bipartisan agreement. The deal will allow the federal government to continue borrowing money to finance both discretionary and "mandatory" spending. According to the White House, the deficit is projected to be over $1 trillion for 2019. This is on top of the record level national debt approaching $23 trillion.

The deal was reportedly the work of Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi and heralded for adverting a crisis that could have led to the U.S. defaulting on debt payments in September. These short-term fiscal showdowns have become so commonplace in the last decade that it has overshadowed the longer-term looming fiscal crisis. This looming crisis of our national debt, which is growing exponentially, is not only an economic crisis; it is a moral crisis as well.

To read this article in Fox News website in its entirety, click here.