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Eye on the World: Dealing with the fiscal cliff
With the presidential election over in the United States, attention shifted this week to avoiding the “fiscal cliff”: a combination of automatic tax increases and spending cuts set to take place in January if Congress fails to act to reduce the federal deficit. Yet if Congress can put aside partisan gridlock and come up with a deal, the sharp and detrimental measures outlined in the “fiscal cliff” package can be avoided.
Economic concerns aren’t limited to the US, of course. Greece continues to struggle with debt and financial woes, as does much of the European Union. And China’s new President Xi Jinping faces a comparatively slow growth rate and weakening demand overseas for the country’s exports.
Yet God guides heads of state and struggling families alike through even the murkiest economic challenges; our task is to listen for and follow His direction. Prayer always leads to solutions that bless both nations and individuals, and that bring about stability and abundance.
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