Dave’s Thoughts on the National Debt by Dave Ramsey

The nation’s debt now exceeds $13 trillion. Yes, $13 trillion. You know what you could do with just $1 trillion? You could pay the rent for every renter in the U.S. for three years or pay the monthly payments on all U.S. mortgages for 14 months. A $1 trillion stack of $1 bills would wrap around the equator 2.72 times!

And $1 trillion is just a fraction of the money the U.S. owes. Since Dave can’t stand debt, including the national debt, he had some tough things to say as he discussed the issue recently on The Dave Ramsey Show. Listen to the clip here.

What Is National Debt?
The government uses debt to cover its expenses when it spends more than it makes from taxes or other revenue sources. There is no requirement that the country operate on a balanced budget, so, since the country was founded, the national debt has continued to grow.

In 2008, the national debt stood at $9 trillion—the total debt for the entire history of the U.S. In two years, we added $4 trillion to our debt, increasing it by almost 50%!

It is no different than one of us racking up credit card debt on groceries, then getting a car loan and a mortgage on top of that. All the money you make goes to keep up your payments. Not smart.

The Lines Are About To Cross
While $13 trillion of debt is overwhelming to think about, what’s worse is the breakneck rate of spending. It only took six months to go from $12 trillion to $13 trillion!

Imagine the U.S. debt and revenue as two lines on a chart. The revenue line is pretty flat, if not declining, but the debt line is shooting straight up. The two lines are about to cross, and that means the country’s debt will exceed its ability to pay the payments.

A Political Revolution
The majority of people in America want an environment that gives them a shot to make their own money, and they are not happy with the redistribution of wealth that is happening today. The ballooning debt is just one more reason for a political revolution—to fire the politicians who are doing the spending, regardless of their party.

That’s why Dave doesn’t buy in to the gloom and doom some political analysts believe. He talks with people all over the country who are angry about the direction the country is headed, and they are not willing to put up with it anymore.

Our debt problem has given our country the opportunity to come up with a solution. With such an impressive problem, the solution it inspires is bound to be great!

It doesn’t have to take an act of Congress for you to get out of debt. Check out Dave’s
Financial Peace University Home Study Edition to get started today!

Red Light – Green Light

My children and their friends often play a game called Red Light /
Green Light (abbreviated here as ‘RLGL’) which has a lot of
important lessons to teach both you and I.

One child person stands at one end of the playing field, with the
rest of the players at the other end.

The “it” child turns their back to the others and calls out “Green
light!”

The players then run as fast (start) as they can towards “it”.

At any time, “it” can face the players, calling out “Red light”, and
the others must freeze in place (stop).

If anyone fails to stop, they are out or must return to the
starting line.

So what exactly does a kids game have to do with you and your
daily results?

Quite frankly–a lot, and if you stick with me on this one, you’ll
learn a number of important things you can do to improve your
overall performance.

Red Light–Stop, Green Light–Start

The first half of 2010 is now history and this provides you with
a wonderful opportunity to inspect your performance and to adjust
behavior and strategy accordingly.

- I want you to look in the mirror and examine what you see.

- I want you to take a flashlight to your soul and examine yourself
for commitment, integrity, and resolve.

- I want you to ask yourself what you must STOP doing right now,
and what you must start doing with a massive sense of urgency.

Now I’d like you to do me a favor.

Actually you’ll be doing yourself a big favor.

Take out a piece of paper, draw a line down the middle and place
the words STOP and START on each side.

Now begin to examine of all of your daily activity, right from the
moment you awake in the morning and determine exactly what you need
to STOP and START DOING.

Your Stop list may include:

- stop hitting the snooze button
- stop checking email first thing out of bed
- stop being late for school or work
- stop operating without a clear plan
- stop eating late at night
- stop saying one thing and doing another

Your Start list may include:

- start exercising first thing every day
- start placing deadlines on all activities
- start setting a better example for my children
- start being more proactive
- start being part of the solution
- start making greater contributions in your meetings

Red Light Green Light is more than a silly kids game, it’s a simple
and highly effective change management system that you can use to
dramatically improve your results and achieve every goal you desire.

Create a New, Better Version of You!

Take The Fear Out Of Credit….Clockhour Class

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