# 17 The Need for the Gospel – Part 4
By Pastor Bill
Karen and I lived debt free for many years. Being debt free is a good thing. When we moved to Albuquerque nine years ago, we had to borrow to purchase our current house. It was only supposed to be a short-term debt, which would be paid off when the people buying our house in Georgia closed on the property. Unfortunately, that never happened, and we have been in debt for the past nine years. In both the Old and New Testament, debt brought bondage or slavery. When someone could not pay their debt, they were forced to become slaves, and to work to pay off the debt. It was not supposed to be a permanent condition; God set up a year of remission, and so all debts were cancelled in the 7th year, the year of remission. These are financial debts, but there is another debt that we inherited. When Adam sinned, he brought the debt of sin into the world. This debt of sin was beyond our ability to every pay. There is nothing that any person can do to pay off the debt of sin. The good news is that God has made provision for this debt of sin. In Colossians 2:13-14, Paul writes that “when you were dead in your transgressions and the circumcision of your flesh, He made you alive together with Him, having forgiven us all our transgressions, having canceled out the certificate of debt consisting of decrees against us, which was hostile to us; and He has taken it out of the way, having nailed it to the cross.” When we receive Christ into our life, He cancels the certificate of debt that we have. He paid that debt for us. We find in John 19:30 that after “Jesus had received the sour wine, He said, “It is finished!” And He bowed His head and gave up His spirit.” The Greek word that is translated as “it is finished,” is teleo, which also was an accounting term, that meant, “it is paid in full.” When Jesus hung on the cross, He paid off the debt of sin that we owed. He canceled the certificate of debt. Father, we live in a time of great financial debt. It brings stress and many other complications in our lives. But, our debt of sin is far worse than any financial debt that we have. The debt of sin in our nation is much worse than the current national debt, which is over $17 trillion. Jesus, thank You for making provision for our debt. Father, help us share the good news with others about how they can become spiritually debt free. I pray this in Jesus’ name. Amen.