Here is a proverb dealing with debt. And the debt spoken of here is actually not your own debt - but signing to assume the debt of others. Here it is called giving a pledge or becoming a guarantor for another debt. This is something the Scriptures are against in every situation. We are told numerous times to not become a guarantor for another person's debt. The reason for this is simple - when we do we put everything we have at risk.
The way that this is brought home to us by Solomon is to state what happens when the debt is no longer paid by the one we vouched for when we signed on as a guarantor. If they do not pay the debt - or make the payment - guess where they are coming to "legally" get their money? You got it - they are coming for you. And they have a legal right to whatever they have to take in order to pay that debt. In extreme situations this could even involve losing your home.
Why should he take your bed from under you? That is the question that is asked here - and it is the fact of your guarantor-ship. No matter what it costs, the people who hold the loan that you guaranteed will be able to take it from you. What is presented here is a worst case scenario. Here the banker comes and takes even the bed you are lying on from under you. In our society, where finance has been perverted by socialism and a government that attempts to have a system where no one fails, we think this is heartless and wrong. But the fact is that the person who co-signed for the loan did so under no durress and under no threat of force. They did a very stupid thing in guaranteeing another person's debts. Therefore when that person does not follow through - legally and completely in the moral right - the person who holds the loan has every right to recover their money. This is the case whether they get it from the person who took out the loan - or the unwise one who co-signed it.
Whether we realize it or not - we are being co-opted into co-signing for the foolishness of our government in this current age of socialistic decision making. Every time our government decides to go further into a debt that they cannot pay - giving away money that they do not have - we the people are on the hook for what they are doing. As I said, they are co-opting us into defacto guarantor status for the public debt. They do so through the tax structure that will be imposed to pay for the piper one day. They also do so through the way the Fed is allowed to print money with nothing other than the future collective worth of our nation to back it.
I need to say something that will sound like prophecy - and yet it really is not. There is coming a day, soon, where we will have to pay for the foolishness of our legislators (and this sin is rampant in both parties). When that day comes we will suddenly realize that by being co-opted into being a guarantor for the public debt - we are going to have the very bed we sleep on taken out from under us. This is not so much a prophecy as it is a principle of Scripture. We've ingored this princple for too long not to pay the price for it in the end. Sixteen trillion dollars for which we are guarantor is no longer something we can ignore. Unfortunately the day is fast approaching - we need to prepare for it and be ready for the day of our financial reckoning. God have mercy on our souls - and on our nation.