Deacon Dean announced in this weekend's bulletin that our parish now has a balanced budget. Praise be to God. This is very good news.
He said, "On national levels we are seeing the consequences of over spending and accumulating overwhelming debt in Europe (e.g. Greece) and we will see it unfold within our own country if spending does not change. We have now lost the best credit rating for the first time in our history. No government or household can survive by consistently outspending its income and borrowing money.
On a practical level, financial stress creates marital stress and is one of the greatest contributors to divorce. So, following biblical principles of financial management benefits both families and nations. The same is true with our parish. I am happy to say that this year’s budget is balanced and does not depend on possible bequests to do so. The first in over a decade. As we plan for the future we will not borrow money to build or meet our current obligations. We will continue to work at reducing expense, increasing income, and setting money aside for the future."
Marshall Taylor over at Canterbury Tales also has something to say about the national debt, aka 'social sin'.