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I Am Israel - Documentary Film

DEBT BOMB

By Joel C. Rosenberg,
May 23, 2012

Most Americans would rather focus on the winners of the "American Idol" competition, or the new Avengers movie, or the latest baseball standings, or almost anything else. But we can't wish this crisis away. The painful fact is our debt crisis poses an existential danger to the U.S. economy and way of life. Indeed, a new report by the Congressional Budget Office (CBO) says the U.S. is staring over the edge of a "fiscal cliff," in growing danger of a double-dip recession, higher unemployment, and a European-style debt crisis. We have blown past $15 trillion in federal debt this year, and we have $65 trillion in unfunded federal promises rushing our way. Just look at the horrors unfolding in Greece to see where we may soon be heading. Unfortunately, our economy is only part of the story. We are also seeing families imploding all around us due to adultery, pornography, divorce, unwanted pregnancies, abortion, domestic abuse, violent crime and a metastasizing list of social pathologies.

How serious are these problems really, and can we turn things around in time? These are the questions I examine in-depth in my new book, "Implosion: Can America Recover From Its Economic and Spiritual Challenges In Time?" which releases in just a few weeks, on June 12th. A few days after the book releases, I will host a three-hour national town hall meeting called an "IMPLOSION SIMULCAST" on Saturday, June 16th at Houston' First Baptist Church (register on the blog to attend in person).

NOTE: This will be a non-political, non-partisan event.

Are you and your church or small group Bible study signed up to watch this simulcast where you live? If you're not in Houston, the simulcast can only be seen by signing up in advance. I hope you and your church will participate, and invite family members, friends and neighbors to join you for this important discussion. I'll be honest, I am deeply and increasingly concerned about the very real possibility that God will allow America's economy and society and collapse. It's by no means a foregone conclusion, of course. We've seen God rescue our country from the brink before, especially during the Great Awakening of the early 1700s and the Second Great Awakening of the early 1800s. I'm praying earnestly for a Third Great Awakening to come soon, and in the book -- and the simulcast -- I'll describe why I believe we desperately need such a powerful, sweeping move of God. But my concern is that if the Church doesn't wake up soon, and if America does not repent and plead with God for forgiveness and mercy soon, the Lord may very well remove His hand of grace from us in the not-too-distant future.

[To read the rest of this story, find the links to the latest articles on the debt crises facing the U.S. and Europe, and find more news and analysis of events and trends in the U.S., Israel and the Middle East, please go to: http://flashtrafficblog.wordpress.com/.]

OTHER NEW STORIES ON THE BLOG:

* EGYPT HOLDS HISTORIC ELECTIONS TODAY: Will results lead to end of peace treaty with Israel?

* TIME CROWNS NETANYAHU "KING BIBI": The eyes of the nations are riveted on Israel.

* THE FUTURE OF EUROPE, ISRAEL AND THE JEWS: VIDEO MESSAGES POSTED FROM PROPHECY CONFERENCE IN GERMANY (also see www.epicenterconference.com)

* IMPLOSION UPDATE #3: GREECE ON EDGE OF ECONOMIC COLLAPSE AND CIVIL WAR - WILL CONTAGION SPREAD TO E.U. AND U.S.?

* IRAN STEPPING UP ATTACKS ON MUSLIM CONVERTS TO CHRIST

* IS NETANYAHU'S STUNNING POLITICAL DEAL A PRELUDE TO WAR?