I think the larger point is that he calculates U.S. loan debt at nearly 20 Trillion and and our unfunded obligations as a nation at nearly 100 Trillion. This equates to $800,000 of debt per family. In the span of only 35 to 40 years the United states has descended from the greatest lender nation in the world to the greatest debtor nation in human history.
I think it is appropriate for a believer to search the scriptures for answers. I certainly never made this connection before.
National Blessing from God
Only if thou carefully hearken unto the voice of the LORD thy God, to observe to do all these commandments which I command thee this day. 6For the LORD thy God blesseth thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee. ...... The LORD shall open unto you his good treasure, the heaven to give the rain unto your land in its season, and to bless all the work of your hand: and you shall lend unto many nations, and you shall not borrow. 13 And the LORD shall make you the head, and not the tail; and you shall be above only, and you shall not be beneath; if that you hearken unto the commandments of the LORD your God, which I command you this day, to observe and to do them:
National Cursing From God
15 But it shall come to pass, if you will not hearken unto the voice of the LORD your God, to observe to do all his commandments and his statutes which I command you this day; that all these curses shall come upon you, and overtake you:.... The stranger that is among you shall rise up above you higher and higher; and you shall come down lower and lower..... 44 He shall lend to you, and you shall not lend to him: he shall be the head, and you shall be the tail.