Friday, December 12, 2008

What we need is a sabbath year!

There are lots of possible solutions to the current economic problems. My solution is simple its time for a Jubilee year. As I explain this to several friends I said it was the cancellation of all debt. Everyone get a clean slate. I thought about this while doing my cross stitch and watching TV. I decided to look it up.

After a little research on this and I am wrong it’s actually time for a Sabbath Year or a year of release.

The Jubilee year shares some features of the regular seventh-year Sabbath, but there are marked differences. As to the Sabbath year, according to Deuteronomy 15:1, 2, there was a releasing from debt: “At the end of every seven years you should make a release. And this is the manner of the release: there will be a releasing by every creditor of the debt that he may let his fellow incur. He should not press his fellow or his brother for payment, because a release to Jehovah must be called.” The expression “at the end of every seven years” is understood as meaning ‘in the seventh year

This releasing from debt did not cancel the debt just allow you to not pay the debt for 1 year. This was a loving provision, especially since the land was not cultivated during the Sabbath year and, with no crops, there would be no income for the farmer during the year.

This is how this could work to help our economy. Everyone is release from debt for about 6 months to a year. This way you have your full paycheck to spend as you see fit. If you want to continue paying bill fine if you decide to spend it on food, clothing shelter fine, if you decide to spend it on big screen TV, game consoles, jewelry fine whatever you decided is fine. I feel this would stimulate the economy.

Or we can be released from all taxes; federal, state and local. By having the gross pay we will definitely be able to pay our regular bills and have money left over to buy the stuff listed above. This could also stimulate the economy.

On the internet site when you type in the search How to Stimulate the Economy through your own efforts it list 6 different things you can do. has a video by Matthew Lesko, very funny I really like it...

I think my solution is just a viable as any other solution that is offered. Personally if I had no taxes taken from my pay I could have most of my debt paid in 1 year and I would then save some in an interest earning account and buy some things as well. What would you do?

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