I stole this from one of my friends Facebook.....
"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
Does that make any of this more understandable?
I only wish he had figured out how much of a "raise" a tax increase would have been. Damn you Dave Ramsey!!!!
*shakes fist*
Scarlet I just laughed loud enough to attract the attention of around 10 people in my office. Thank god I am no longer in school. :p
Oh my god, Krista, what a perfect idea to inject some humor into this. Someone should start a thread of ideas for the government to make some pocket change. :)
Jessica I am doing some assuming too. Kinda strange, I am not one to trust anyone else's numbers. It is just everyone here seems to trust him so I thought I would give it a whirl.
Cheryl, I have found if I manipulate numbers to a personal level people do understand. I was just too lazy to do what Ramsey did.
Lord we are screwed.....
Pam, I am kinda busy but if you post me a link I will have a look. It depends on where you look on the financial statements.
Scarlett... love you, but get in line!
We're screwed... maybe the Feds should have a bake sale or something.. oh wait, we'd have to buy the damn brownies!
And the funny thing is that GE, a huge corporation showing Billions in profits, paid less in income taxes than I did, and I'm retired.
The deficit is the result of all the government giveaway programs. Congress wants to pay the voters for their vote by giving them money in giveaway programs. And gullible middle class voters fall for it. The "poor" congress helps are the difference between the deficit and a surplus.
A working taxpayer voting for Obama or Jerry Brown (CA Govenor) is like a chicken voting for Col. Sanders
We need to have businessmen in congress and the presidency to stem the red ink.
God bless America! Good luck to you and yours.
This really helps me understand the debt crisis. I only assume Dave's numbers are right. Thanks for that quote.
The scary part is that I think he forgot to include something in his analysis:
(paraphrasing) 'We spend $75,000 a year now, but we are proposing to reduce spending to $72,000.'
That's not quite what is being proposed. What is being proposed is that instead of spending what we were PLANNING to spend next year (instead of our current $75,000 we were planning to spend $80,000 next year) we will be "cutting back" to only $77,000 next year.
smh
I can't think about this too much more. I can't afford the depression it brings.
Yes and I still think we are screwed!
I would consider leaving my husband for Dave.
yeppers - we are screwed...
i've tried to say this before but it seems that we (you and I) don't get it...i THINK we do....this is a HUGE problem....
Nah, I'd rather marry Bill Gates ;-) OR whoever the richest person is! LOL
Sadly this whole situation we are all in is Disgusting
How much do you think it would cost to get Dave Ramsey to put congress through his program?? Although I'm not sure *I'D* be willing to do it if I were him... It'd be like gunning the engine & spinning the wheels on a car stuck in super-thick mud.
Was curious about 8kidsdad's response so just looked at GE's financial statements. They paid cash taxes of $2.7 billion in 2010 and $2.5 billion in 2009...
Can't afford to pay attention.
Welcome to the "American Dream".
The bottom line is that the spending is OUT of control and to the point that we, as mere mortal, cannot even visualize what's going on.
Here's good video that also helps to put govt spending & cuts into proportion using pennies on a coffee table:
