I actually agree with a good deal of this particular Dinner Doodle. "What do you believe?" and "Why do you believe it?" are in fact the two favorite questions of the Texas based show "The Atheist Experience". Does your pastor happen to be a fan?
The last one may or may not be useful depending on how one takes it, though. If it's taken in the sense of Pascal's Wager it isn't really useful - there are so many alternatives to a given belief that going over the possible consequences for not holding them would be an act in futility. It's better taken in the sense of examining what the costs of your actions based on your beliefs are, and whether or not those costs are actually worth it if your beliefs aren't true.