Friday, May 27, 2005

My Grandmother would agree with M7

When I read today's article titled "Borrowing is a sin - Museveni", I immediately thought about two other people who would agree. One is my grandmother who could not understand that I borrow money to pay my tuition and the second one was the "Head of..." from London whom I met during my time in investment banking. My task was to solve wrong booking on certain accounts whose resolutions had been pending (sometimes for years). So, once I needed his advise on what to do with a case. I needed the account details for the counter account. However, all he said was to debit the account. I agreed partly because - as you all know - you always need two accounts: One to credit and one to credit. Well, fortunately I had this in writing and my colleagues in Frankfurt got a kick out of his miserable accounting knowledge.

Anyway, he would probably also agree with M7/Deuteronomy 28:12 if you take it literally. Undoubtedly if you take it literally it would not be possible that all countries lent money. If you take a more abstract point of view, I would agree, too. If is always better to give than to take.





Today's article in The New Vision

"Borrowing is a sin – Museveni

UGANDA is devaluing itself by borrowing, President Yoweri Museveni has said.

“You can see that when our country borrows, we are committing a sin. We are devaluing ourselves,” Museveni said.
He said, “When you hear a country borrowing instead of lending, it’s a devalued country.”

He quoted deuteronomy 28:12, which says, “You shall lend to many nations, but you shall not borrow.”

Museveni was addressing hundreds of born again christians at Rubaga Miracle Centre Cathedral on Wednesday.

He said a borrower shall be a servant to the lender and urged Christians to “make sure that we engage in production and that we make our country a country of lenders not of borrowers.”

The Christians shouted “Amen” every time the President quoted verses from his Bible to emphasise his points.

Museveni emphasised the value of good health, education, spirituality, production and employment. He urged the Church to care about both spiritual and material needs. “We must minister to the body and spirit and mind,” he said.

The Cathedral’s senior Pastor, Robert Kayanja, proposed that an account be opened up for Ugandans to raise funds for the country.

Dr. Robb Thomson of Family harvest Church in the US, said Ugandans must stop looking at the president as the answer to everything.


By Joyce Namutebi
Published on: Friday, 27th May, 2005 in The New Vision

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