Dave Ramsey is America’s trusted voice on money and business. He’s authored seven national best-selling books: Financial Peace, More Than Enough, The Total Money Makeover, EntreLeadership, Dave Ramsey’s Complete Guide to Money, Smart Money Smart Kids, and The Legacy Journey. The Dave Ramsey Show is heard by more than 12 million listeners each week on more than 575 radio stations and digital outlets.
As a seasoned communicator and Ramsey Personality, Rachel Cruze has been speaking to groups as large as 10,000 for more than a decade. The daughter of Dave Ramsey, she joined Ramsey Solutions in 2010 and uses the knowledge and experiences from growing up in the Ramsey household to educate others on the proper way to handle their money wisely and stay out of debt. Rachel co-authored the #1 national best-selling book Smart Money Smart Kids with her dad. Her new book, Love Your Life, Not Theirs, releases October 2016.
A popular and dynamic speaker on the topics of personal finance, retirement and leadership, Chris Hogan helps people across the country develop successful strategies to manage their money in both their personal lives and businesses. He is the host of the Retire Inspired Podcast and the author of Retire Inspired: It's Not an Age; It's a Financial Number, a #1 national best seller. For more than a decade, Chris has served at Ramsey Solutions as a trusted financial coach and Ramsey Personality.
Chris Brown is a nationally syndicated radio talk show host, pastor and dynamic speaker carrying the message of stewardship and intentional living nationwide as a Ramsey Personality. Available on radio stations across the country, Chris Brown's True Stewardship provides biblical solutions and sound advice for questions on life and money. Prior to joining Ramsey Solutions in 2014, Chris spent seven years leading many to Christ while growing churches in North Carolina and Florida. Chris and his wife, Holly, live in Franklin, Tennessee, with their three children.
An inspiring and enthusiastic presenter, Christy Wright has spoken to groups of thousands at corporate events, women's conferences and some of the country's top universities. Christy is also a certified business coach whose direct and genuine presentations cover a range of topics from business and money management to personal development and goal setting.
At age 19, Anthony ONeal was deep in debt and short on hope with no direction of where his life was headed. But after hitting rock bottom, he turned his life around and committed to helping students find and pursue their passions. Since 2003, Anthony ONeal has helped thousands of students succeed with money in their work and personal lives. Now Anthony has joined Ramsey Solutions to spread this encouraging message to students nationwide as a Ramsey Personality.
It’s an election year! Let’s take a moment to put politics aside and just look at the math.
I don’t know where you get the $55k vs. $96k. According to CBO, the federal government spent $3.688T and took in $3.250T for 2015. This means they spent about 13% more than they took in. If we want to compare it to a household making $55k, that would be about $62k.
Note that spending of $3.688T is about 20.7% of GDP. This is a very low percentage by the standards of other industrialized countries. We could easily raise more money (including pay for the modest $75B that Bernie’s college plan would cost) if we were willing to do things that would hit upper-middle-class families, like raise the cap on social security taxes.
The federal deficit is 2.4% of GDP. Since GDP expands by about 2% per year and inflation grows by about 2% per year, we could run deficits of this size in perpetuity and never have deficits above 100% of GDP.
To use words like “crazy” and assume a national government has to behave in the exact same way a household would is fearmongering.
Using expenditures ignores accrued liabilities. Burden would be on you to show that normal laws of finance don’t apply to sovereign finances
Any way you look at it borrowing money for operating expenses is beyond stupid … which is what our government has been doing for years. My grandchildren will painfully pay for this …. not me. Sad
Sir Moosington, Stop dreaming, your figures portend to show US debt for one year. To date the US gov owes 18 Trillion dollars, a debt that will never be paid, Not in 1800 years.
Agreed. A country is not the same as a household unless that household has a printing press in their basement. Every sovereign state in the history of mankind since the invention of money has run a deficit over time. Since the invention of fiat money we are not dealing in debt or deficits but in terms of confidence. Do you trust the people in charge of the money supply? Do you trust them to maintain the value of your currency? Right now the dollar is the strongest currency in the world and the most trusted. Whatever it is we are doing, we are getting the results we need. All of those fear mongerers who bought gold have been taken out to the woodshed. Will they eventually be proven right? Maybe, but maybe not in their lifetimes.
Honestly, congress needs to be filled by Dave Ramsey-ites who’ve been to FPU and/or who understand that we’ve GOT TO STOP all the debt. This won’t end well. We have to stop demanding the govt. pay for your life. These Ramsey-minded congresspeople need to collar the national budget and get spending in line with revenues, b/c the current crop seems deaf to it. We need to pay down the deby and become a responsible nation. Pretending all this debt doesn’t matter won’t work.