If the U.S. government was a family, how much in debt would they be?
If you knew this family, they'd either be bankrupt or mighty close.
"If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & [they] 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." - Dave RamseyThere are only two positions on the national debt: denial and reality. Reality: We're broke.
The numbers - and their implications - are staggering. Without a change in course, a Greece-like scenario isn't just a possibility - it's an inevitability.
We're broke. And to think, the boom in entitlement spending is just beginning. It's time to make real cuts in spending, not "cuts" to an imaginary baseline.