1. I consider "debt" to be something you cannot (or would be challenged to) repay all at once. This would not include your power bill, etc. (unless you have a REALLY BIG power bill...) Things that you regularly pay to zero would not be debt in my opinion. Things that you finance for months or years would be debt.
2. I am REALLY challenged to think good thoughts about churches and debt. As a primary example, the congregation we attend. In my humble opinion, we are COMPLETELY HAMSTRUNG by our mortgage. We cannot add needed staff. We really cannot manipulate the budget in ANY significant way - because over 80% of the budget (as I understand it - was it closer to 90%?) goes to the mortgage. Is it good to have a building? Honestly, I have to say "maybe." It depends on how the building is used, and how it helps or hurts ministry and the calling of the church. (I know that is a nebulous answer, but I'm comfortable with that! grin) It is admittedly hard to build anything in the Atlanta area due to costs, but I'm speaking from a more general perspective. Is this the sort of "investment" that constitutes good stewardship? (I am not implying anything by asking this question. I am simply asking a question.)
3. As we have worked our way out of most of our debt - only our mortgage remains - we have experienced an ever-increasing feeling of freedom. Yet I can hardly wait to get this house paid off! It is one of my early goals to pay off this house from stock market gains. Some will argue that this is not good from a tax-consideration perspective. I am more concerned with eliminating the debt than having a tax advantage - at least at this point. I'll work to have other tax advantages as I grow to that point of need - but at this point I would not plan to take on significant debt as a tax advantage.
I am NO FINANCIAL EXPERT - but the sense of "bondage" due to debt cannot be ignored.
I look forward to reading your thoughts on this. Thanks for the discussion.