Tuesday, August 9, 2011

US Government's Addiction to Debt

This is why China warns the USA to "cure its addiction to debt":

“If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year and are $327,000 in credit card debt. They are currently proposing 'big spending cuts' to reduce their spending to $72,000 a year.” --Dave Ramsey (H/T to Anglican Curmudgeon)

Read what the Anglican Curmudgeon has to say here about whose is more savvy about the debt crisis.  It is President Obama or Sarah Palin?

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