It’s hard to believe that only a few generations ago the United States of America was the largest creditor nation in the world and today we have become the largest debtor nation in the world. How could we be so careless and to put at jeopardy our future and our children's future and our grandchildren's future and beyond. It’s immoral what we have done.
Imagine a friend who calls you up and says, “I have a financial problem. I make $58,000 a year. I have been spending about $75,000 a year and I have found myself with $327,000 in credit card debt. But I think I have a solution, spend less! From now on I am only going to spend about $72,000 a year.” (adapted from the Dave Ramsey show)
How do you feel about your friend's plan to get back to financial stability? You should feel sick and want to slap your friend in the face. Well folks, this is exactly the situation going on in Washington. The numbers are different but the ratios are the same. This friend is the government of the United States of America. What are you going to say to your friend?
