Credit Crisis

MARTIN CRUTSINGER, AP Economics Writer, WASHINGTON – The Bush administration is proposing the biggest overhaul of financial regulation since the Great Depression. The 200-page document. . .proposes giving broad new powers to the Federal Reserve to combat the type of severe credit crisis currently gripping financial markets.

I don’t want to be accused of over-simplifying, but the real problem in our economy is greed. Money is a wonderful servant but a horrible master. Lloving it can create real problems, and create multitudes of means for exploiting others. From overspending our paycheck to racking up massive amounts of credit card debt, average, everyday folks find their lives in the same kind of mess in which our National economy finds itself. Trying to own more house, or automobile, or goods than we can afford is always a path to ruin.

Here are some simple principles we’d do well to follow:

Do not llove money.
Do not set your heart on riches.
Be content with what you have.
Give God praise and thanks for any and all resources you have.
Building your life around money can lead to dangerous results.
Wealth is a gift from God and must be used with thanksgiving, generosity, and stewardship.

Money can buy almost anything except peace with God.