Greece, America--Whatever

When we think of Greece—and frankly, most of us do not think of the small Mediterranean nation very often—we are more likely to think about My Big, Fat Greek Wedding; Troy; or 300 before we consider the ins and outs of international finance. More than 2,000 years ago, Greece was indeed a major player in the world, ruling over an empire that stretched eastward to India thanks to the military might of the Greek army led by Alexander the Great. However, since Greece's absorption into the Roman Empire, its influence has been cultural, not political.

Yet, the summer of 2011 has seen the eyes of the powerful turn their gaze on poor, little Greece. The nation belongs to an unfortunate subset of the European Union (EU) called the PIGS, named after Portugal, Italy, Greece, and Spain (recently, Ireland has frequently replaced or joined Italy in this group, making the acronym read "PIIGS"). These four or five countries are the economically soft underbelly of the EU, having high social spending, large public-sector workforces, and extremely high debt. Greece has become the poster-child of this group, being the first to succumb to the heavy weight of its liabilities.

Last year, Greece was loaned 110 billion euros ($156 billion) to rescue its faltering economy, and it now needs another infusion of cash to stave off going into default. Its current debt is around 340 billion euros ($483 billion). The latest EU plan is to give Greece more time to pay off its debts to banks and private investors, while the Eurozone and the IMF feed it new rescue loans. This partial renege on its loans will result in a "selective default" rating, meaning that the terms of the Greek bond have been altered, which will allow Athens to avoid actual default, although it will lower the country's financial rating still further and complicate future rescue plans. In reality, it is a last-ditch effort that will hold off inevitable default for a short while.

Greece may be a small nation—in fact, its economy is only about two percent of America's—but its recent experience in rising debt and near-default is a cautionary tale for the United States and any other nation in the same financial straits. And as the saying goes, the bigger they are, the harder they fall. If America wants to avoid following Greece down the economic drain, actions must be taken now to stop the money leak.

Former Nixon speechwriter and current political pundit, Pat Buchanan, combines the debt crisis in Greece with demographic trends across the West in a recent column. In a nutshell, people in the developed nations of European ancestry (as well as others) are not reproducing at a high enough rate to replace their populations. Buchanan uses Greece as an example:

According to the most recent revision of the U.N.'s "World Population Prospects," Greece in 2010 had 11.2 million people.

More than 24 percent were 60 or above, more than 18 percent 65 or older. Three percent were 80 or above. And, every year, for every nine Greeks who are born, 10 Greeks die.

Greece is slowly passing away.

According to the CIA World Factbook, Greece's fertility rate is 1.38. A fertility rate of 2.1 births per woman is considered even replacement. As the reference work explains:

Rates below two children indicate populations decreasing in size and growing older. Global fertility rates are in general decline and this trend is most pronounced in industrialized countries, especially Western Europe, where populations are projected to decline dramatically over the next 50 years.

Buchanan echoes this:

[By 2050] Greece's population will have fallen by 300,000 to 10.8 million. The median age will have risen by eight years to 49.5. Half the population will be 50 or older. More critically, the share of Greece's population 60 or older will be 37.4 percent, with 31.3 percent over 65. One in nine Greeks will be over 80.

Therefore, if Athens is struggling to pay the pensions of its retirees now, it is only going to get worse—much worse. The larger point is that Greece is far from alone in this predicament, and the one nation that may be hit the hardest is none other than the United States of America, which of debtor nations is the largest and most heavily indebted. And who among the nations of the world will bail America out of its mess?

America's fertility rate teeters at 2.1 births per woman. However, as Buchanan notes, by 2041, Americans of European descent will comprise only half of the population. The combined populations of America's minorities—whose birthrates far outstrip European Americans'—will soon surge into majority status (see Deuteronomy 28:43-44). Some might shrug and say, "No matter! America is still growing! Unlike Europe, we will continue our dominance!"

But when other factors are figured in, this argument proves hollow. Unfortunately, American minorities lack the education or skills to compete for jobs in our cutting-edge industries—the ones that keep America at the forefront of technology, efficiency, and productivity. While that could change, the trends say otherwise; the education gap remains the same and in some areas is even widening. In other words, the U.S. will not be able to maintain its dominance in most areas that matter, a fact that is already being seen as other nations take the lead in major technological, industrial, and manufacturing sectors.

In addition, nearly half of America's citizens pay no taxes. The unemployment rate is creeping toward ten percent, and it measures only those who are still looking for work. Forty-four million people—nearly fifteen percent—receive food stamps. Social Security already pays out more than it takes in, and the boondoggle of Obamacare looms. Nor can we forget that the U.S. owes a national debt upwards of $14.5 trillion, which does not include about the same amount of private debt, not to mention student loan debt, state indebtedness, unfunded pension plans, etc.

On top of all this, we need to remember that the largest generation of Americans ever, the Baby Boomers, is beginning to retire, expecting to receive large sums from the government, corporations, pension funds, and investment firms for their many years of labor, saving, and investing. It sounds suspiciously like the problem Greece faces. Sadly, American "leaders" are acting like children in their laughable attempts to solve the debt problem politically (see Isaiah 3:4).

Now we are beginning to see the wisdom in the Bible's well-known but oft-neglected proverb: "The borrower is servant to the lender" (Proverbs 22:7).

Wisdom for the Young (Part One)

For the past sixty years, America has been dominated by one particular generation of its citizens, the many millions born just after World War II, also known as the "Baby Boomers." Unfortunately, among the Boomers' most dominant attitudes has been a kind of narcissism, an over-indulged self-love. Their narcissism, however, comes with a twist in that it seems to be focused specifically on their collective youth. For example, they have convinced most of the nation that the decades of the 1950s and ‘60s—when they were young and made their early mark on society—were America's Golden Age. In trying to recapture that Golden Age, they have created and sustained what sociologists call a "youth culture," which is a society that caters to, panders to, overprotects, and essentially worships its young people.

The main objection to the youth culture is that it teaches wrong principles to children. It gives them bad ideas, chiefly to have a "me first" attitude, passing narcissism on to the next generation. It also preaches that youth is a time of carefree fun because others are supporting them—because parents, the school, and the community are doing the heavy lifting. Young people are encouraged to "live it up" while they are young because adulthood is serious, full of trouble and work, and boring. So they hear, "Sow your wild oats while you're young," and "Extend your youth as long as possible, for you'll never pass this way again."

Despite being considered conventional wisdom in our culture, this is a huge serving of baloney! From a biblical perspective, it is utter nonsense, though it contains just enough truth to make people believe it and swallow the lie. However, youth should not be a time of wild abandon. It is not a stage of life to be prolonged because adulthood is so dreary. It is not an inconsequential period of irresponsibility. It is in reality a very critical time that sets the stage for the rest of life!

Wise Solomon was interested in the questions of life. He had a great thirst for understanding the reasons behind people's actions—what made them tick, as it were—and from his conclusions he would fashion pearls of wisdom that are still valuable today. Notice Ecclesiastes 11:9-10; 12:1, which is aimed at young people:

Rejoice, O young man, in your youth, and let your heart cheer you in the days of your youth; walk in the ways of your heart, and in the sight of your eyes; but know that for these things God will bring you into judgment. Therefore remove sorrow from your heart, and put away evil from your flesh, for childhood and youth are vanity. Remember now your Creator in the days of your youth, before the difficult days come. . . .

Halfway through verse 9, we could have argued that Solomon was an early advocate for the youth culture, promoting the idea that young people should be happy-go-lucky and do whatever their hearts desire. But Solomon was much wiser than the modern supporters of the youth culture. In the last half of the verse and the next, he adds the proper countering wisdom. Yes, Solomon does say, "Have fun. Enjoy your youth. Pursue your desires,"but he adds three major qualifications to what may seem at first blush to encourage self-gratification. These qualifications take the form of warnings and provide the proper perspective.

The first warning is be aware that God is watching, and He will surely bring us into account for our sins. This greatly modifies his admonition to pursue joy and cheer. There is good amusement and sinful excess. The good times Solomon tells the young to seek must be proper fun, enjoyment that is wholesome and productive. He wants them to be happy and find worthwhile pleasures but not the kind that will return upon them with some sort of penalty later.

The second caution, which appears at the end of verse 10, is to remember that childhood and youth are vanity. The years up to adulthood pass like a snap of the fingers. Yet, this is not all that Solomon means. It can mean that, not only do the years fly by, but that they are also, in most people's cases, useless, futile, unsatisfying, or unproductive. In other words, our early years are not the most important of our lives. It is an interesting way of looking at our young years. If all we do is have fun, then our lives will indeed be futile, unproductive, unsatisfying, useless. However, if we use our youth in the right way, then those years become meaningful and productive. Something good will transfer from our immaturity to enhance our adult years.

Notice that Solomon prefaces his conclusion that youth is vanity by saying, "Remove sorrow from your heart." To us that means, "Let's party!" but that is not what he means. More exactly, he instructs us to get rid of those things that will cause us sorrow, the urges and desires that will trip us up and produce grief later. In other words, he advises us to use our younger years to learn how to avoid and rise above heartache-producing lusts. That is a tall order!

He parallels this with "Put away evil from your flesh." This defines what he means by "remov[ing] sorrow from your heart." Solomon, however, first approaches the problem on the level of the heart, one's mind and emotions—character—where the removal of wrong desires must begin. Once we set our minds to do what is right, evils of the flesh are more easily controlled.

Solomon's third admonition appears in Ecclesiastes 12:1: Seek God early, and life will be so much better. He counsels young people to use their youthful energy, ambition, and mental acuity in His service, in doing what is right, before the human machine starts to wear down and lose its idealism, vigor, and zeal. Because of life's experiences, people become tired and jaded as the years progress. If we seek God when young, it is often easier to embrace Him with our whole being. And when those darker days come, we will have the strength to bear them.

He urges young people to seek God before experiencing the world—and accumulating the baggage and penalties of sin and flawed character. It is far easier not to get into a bad habit in the first place than to have to overcome one. So, he says, "Don't even go there!" Many adults in God's church would give anything not to have lived so long in the world because, despite their later conversion, they still suffer the consequences of sins they committed in it. Never going out into the world at all can save many tears.

For some people, having seen the world, they are so disgusted by it that their revulsion to it acts to keep them from it, but it does not work that way for most people. Once people "enjoy" the lusts of the flesh and the eye and the pride of life (I John 2:16), they are more easily drawn back into them. Solomon asserts that by seeking God when young, a person will avoid many troubles and live a more fulfilling life.

Solomon will tell us more about seeking God when young in Part Two.