From my dad’s Facebook:

“Dave Ramsey sums it up: “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.”


3 responses

  1. Katie

    I know economics is boring, but I think everyone needs to be informed at least to a minimal extent: http://www.washingtonpost.com/blogs/ezra-klein/post/the-government-is-not-a-household-and-shouldnt-be-run-like-one/2011/04/13/AF21jOjD_blog.html

    August 6, 2011 at 2:02 PM

    • Thanks for the comment Katie. I understand, we can all have different opinions. But like the blogger in that article said, just because it’s easier for a government to increase revenue than cut spending doesn’t mean it’s not possible.

      Whenever we increase revenue we always find a way to spend more so… it is what it is.

      August 6, 2011 at 2:18 PM

    • Andi

      I like how you cite the Washington Com-post

      May 30, 2012 at 9:11 PM

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