Dave Ramsey quote

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Posted: 8/10/2011 4:01:08 PM EDT

“If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand.” – Dave Ramsey

Posted: 8/10/2011 4:06:56 PM EDT

[#1]

Sad but true

Posted: 8/10/2011 4:09:22 PM EDT

[#2]

We're fortunate to have a bond rating anywhere above 'junk'.

Posted: 8/10/2011 4:12:00 PM EDT

[#3]

Posted: 8/10/2011 4:14:04 PM EDT

[#4]

Really lets you grasp WTF is going on when you take some of those zero's out.

Posted: 8/10/2011 4:17:18 PM EDT

[#5]

Since this makes so much sense, does this mean Dave is not hated here now?

Posted Via AR15.Com Mobile

Posted: 8/10/2011 4:18:31 PM EDT

[#6]

Is there any legal way that we could have some law enforcement entity show up at the next State of the Union speech- with a warrant- and arrest the whole lot of them? Some DA somewhere could twist a legal joint up tight enough to at least pull that off for the embarrassment value, right? I've seen weaker legal cases put up for public consumption. I wish someone would give it a try just for the hell of it...

edit- fat finger typist...

Posted: 8/10/2011 4:19:45 PM EDT

[#7]

Quoted:

Since this makes so much sense, does this mean Dave is not hated here now?
Posted Via AR15.Com Mobile

It's not him, it's often his short sighted fan club. I love running up my Credit Card - then pay it off in total at the end of the month!

Discover is even so kind as to give me points for free things!

Infact, I think my CCs have a better interest rate than what the Greeks can get!

Posted: 8/10/2011 4:19:52 PM EDT

[#8]

Quoted:
“If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand.” – Dave Ramsey

Ramsey is being polite. Most of the BIG spending cuts don't kick in for several years at least, and spending for Obamacare is not even going to be mentioned in a budget until 2014. Doubleplus ungood.

Steve

Posted: 8/10/2011 4:20:24 PM EDT

[#9]

Quoted:

"If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand.” – Dave Ramsey

Do we also have a mortgage and car payment?

Posted: 8/10/2011 4:21:04 PM EDT

[#10]

I love Dave Ramsey. He tells it like it is...in plain English.

Posted: 8/10/2011 4:23:31 PM EDT

[#11]

Quoted:
Since this makes so much sense, does this mean Dave is not hated here now?

Posted Via AR15.Com Mobile

Was he hated before? Guess I'm still new here for the most part.

I have gotten on Dave's plan and it has helped a lot. I'm not saying only Ramsey can get people out of debt but I have found the most helpful plan has been his. To me, he is so down to earth and says what needs to be said to a lot of people, he's a person who's been there, he's been bankrupt but he got out of it. I'm not anti credit cards but I sure as hell don't have five of them anymore and I sold my brand new Tacoma a couple months ago. It's been so nice to be rid of so much lingering debt.

Dave Ramsey is the shit, don't care what anyone says.

Posted: 8/10/2011 4:24:00 PM EDT

[#12]

Quoted:
“If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand.” – Dave Ramsey

Let me make that correct (my proportions may be off, but the thought it correct):

If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a this year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their increase in spending over the next ten years by about $1000 per yearto $72,000 a year. So next year's spending will be $76,000 instead of $77,000. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand.

Posted: 8/10/2011 4:24:29 PM EDT

[#13]

Quoted:

It's not him, it's often his short sighted fan club. I love running up my Credit Card - then pay it off in total at the end of the month!

Discover is even so kind as to give me points for free things!

Infact, I think my CCs have a better interest rate than what the Greeks can get!

I make roughly $300/year from my Discover card. No, it's never carried a balance. /derailment.

Posted: 8/10/2011 4:29:22 PM EDT

[#14]

I think it's great that he puts it in a way that people can visualize it.

The sad thing is, I almost hope the whole economy blows up just to get us to the point where we take the problem seriously.

This is not a problem that will be solved without hard work and sacrifice. An America that is united and determined could fix it, but then again most of the problems we have (not just economic) are caused by our lack of unity.

Posted: 8/10/2011 4:30:46 PM EDT

[#15]

Quoted:
“If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand.” – Dave Ramsey

Except he is missing the biggest part of that. The CC debt is far past the point of just the parents. The parents have gotten the SSN of their kids and gotten CC is the kid's names and maxed them out too.

That is the real issue.

We are spending money that we don't even have a right to spend.

That is the real issue that should be hammered home. We are stealing from our children by putting them in debt they are simply going to inherit.

[ARCHIVED THREAD] - Dave Ramsey quote

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