2008 California Election Forum

As Christians, we must be concerned about taxes, government debt and inflation as they impact our economic well-being.

A growing economy means less poverty and more wealth. It's what differentiates a free-market economy where everyone is lifted to better living conditions versus a government-controlled economy where class warfare, an economic elite and widespread poverty exist.

But the poor in the United States and everyone else are facing great economic turmoil if we don't follow God's principle of living within our means.

Some problems:

• Social Security currently has a liability of over $13.4 trillion.
• Medicare is more than $70.5 trillion.
• Interest to finance the growing debt is money wasted on bankers at $2.4 trillion.

One of the things that's needed to save our economy is the establishment of private retirement accounts for those under 60.

Without a big fix, expect a financial nightmare in about 4 years.