Saturday, August 6, 2011

US Budget compared to Your Family Budget

by Steve Ray on August 6, 2011

Renowned financial planner Dave Ramsey compares the US budget to the budget of your family. Pay attention!

“If the US Government was a family, they would be making $58,000 a year, yet they spend $75,000 a year, and have $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 and debt, reduced to a level that we can understand.”
~ Dave Ramsey