Letter to the Editor: A common sense view of debt
Recently two letter writers have explained their opposing views on the ever-increasing debt of our country continued by the policies of the current administration. I am certainly no expert in economics and not as articulate as those two writers.
But having lived better than six decades, I understand that those who lend money, unless altruistic, do so in order to get more back than what they had invested in the borrower. In other words, the borrower generally pays a price.
The 22nd chapter of Proverbs in the Bible is full of God’s counsel on life and conduct.
The seventh verse reads: “The rich rules over the poor, and the borrower becomes the lender’s slave” (NIV).
This is wisdom that we would do well to heed as individuals and as a nation.