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Wednesday, January 28, 2009

Out of Debt Forever

Our national debt for ’09 is estimated at $1.2 trillion. That’s a lot of debt to pass along to future generations of Americans. Frankly, I think the stimulus plan to bail out companies and institutions by throwing money we don’t have at them is unwise. Is there something I’m missing?

I try to stay out of debt by paying what I owe with real money. I’m sure that’s also your personal economic plan. However, there is one debt I could never pay. But someone paid it for me. Jesus cancelled the debt of my sin—and yours—not with a promissory note but with His blood. On the cross, He cried out, “It is finished” (John 19:30). A valid paraphrase of those triumphant words is, “Paid in full.”

Colossians 1:14 points out that we have redemption through Jesus’ blood. If anyone suggests redemption comes through good works or through a church, you may wish to refer him or her to Colossians 1:14.

An old Gospel song asks, “What can wash away my sin?” The next line replies, “Nothing but the blood of Jesus.” I'm not surprised to find good old theology in a good old hymn.

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