I don't know if you all know who he is but he's a best selling Author and radio show on Money And it's taken from a Biblical stance. I am doing his class called Financial Peace University. I just thought I'd share his view that is also mine.
Dave's Thoughts on Obama's Plans
Well, we the people have a new president. It’s an exciting time for Americans, whether or not you agree with President Barack Obama’s plans. My hope is that our new president will instill some confidence in people, not necessarily set out to fix everybody and everything.
There are some bogus government strategies floating around to stimulate the economy and "save us from ourselves." Just because they’re all everyone talks about doesn’t make them true! Here are a few of the big issues:
Tax Breaks
These aren’t bad, and I would never turn them down. But to think that tax breaks single-handedly stimulate the economy is laughable. Remember last fall? Those stimulus checks didn’t fix the problem, so what makes us think it’s going to fix everything this time? Did you know it was your money to start with? They’re just giving it back to you and making you feel good about it. If you’re looking for $1,000 to change your life this year, you obviously don’t have a life to start with!
It may help you today or this month, but $1,000 will do very little for you in the long run. To win with money, you've got to think long term.
Patriotic Duty
The government wants you to spend, spend, spend—and many Americans are taking this advice while still in debt! No matter what the talking heads say, it is not your patriotic duty to spend money you don’t have. Your duty is to take care of yourself and your household with the money you earn from an honest day’s work.
If you have your full emergency fund and are in a position to buy something, now is the perfect time! You can get some fabulous deals, but don’t let the deals entice you if you haven’t planned ahead and don’t have the cash!
National Deficit
The dog is still chasing its tail.
Debt started the problem, so what is the current plan to fix the problem? More debt!
What really drives the economy? Is it D.C.'s programs or small-business people scattered throughout the country? This down economic time will begin to heal itself. Do we have to go $1 trillion in debt to do that? No way!
The good news is that our future as an economy isn’t coming out of Washington. Our future prosperity is coming out of the hopes, dreams and individual freedoms of the American people. When left alone, we have a tendency to prosper.
The healing of the economy will begin and end with you. Yes, you, the person you see in the mirror! You have to make your decision as to whether or not you’re going to take part in the recession.
As for our new president, if you’re not a fan, pray for him. He’s your president. If you are a fan, pray for him. He’s your president, not your savior. Your hope will be crushed if you wait for him and his administration—or anyone else—to fix your life and give you money.
Dave Ramey's thoughts on Obama's Plans
Discussion in 'Political Debate & Discussion' started by givengrace, Jan 30, 2009.
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Bro. Curtis <img src =/curtis.gif>Site Supporter
Dave Ramsey is a good man, a smart talk show host, and his advice is well-heeded.
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Well written... I knew I liked Mr. Ramsey.
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I'm just BUMPING this since so much is being brought up as to Obama and the Economy.
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No one is looking for Government to fix our economic situation, we're just looking for help through the troubled times. The most the economic stimulus can do is kick start the economy by getting the eagle shifting again but we all know it won't be the final solution.
However, I do agree with him here...
And before you ask, no I don't mean condemns or the arts but roads and bridges are a good start and are really needed with some of them falling down. -
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Revmitchell Well-Known MemberSite Supporter
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I get myself into debt, so I fix it by creating more debt for myself.
Never worked before. -
Roads and bridges will get the eagle shifting which will loosen things up. Besides all the material needed to build the roads and bridges the workers will shop, consume and pay bills. It isn't the solution but it a stimulating kick start. -
Revmitchell Well-Known MemberSite Supporter
Federal revenue is higher during tax cuts -
Has it occurred to any of these geniuses that perhaps our economy was built on the irresponsible behavior of consumers? Government wants everyone to go buy a car...maybe, just maybe, we all don't need to buy a car. Maybe financing a $35,000 depreciating item for 84 months (or worse yet, leasing it) is stupid. And building an industry based upon our dependence on consumers making bad decisions is...well...stupid, too.
Another thing: the gubmint is all distressed because consumers are saving, not consuming. Do these morons even realize that (unless it's under their mattress) that customers' saving is not an economy-neutral act? Think, people...that saved money is in the banks! Who is it we're "worried" about? The banks! I declare, our economists must think stupid is in this year. Saving money does not wreck the economy...and besides: It is infinitely more important for me to make wise decisions that help my family than to make decisions that make these parasites in Congress happy.
So, you've heard it, consumers, from the Great and All Knowing Government Almighty: It doesn't matter if you can afford it or not. Spend money. Even if you have to go into debt to do it. Hey...it works for Congress! -
People seem to have trouble remembering whose money it is. -
There is only a problem for people who work for wages and commissions. Our problem is called "a solution" by the people who own us.
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just-want-peace Well-Known MemberSite Supporter
If this quote from the op was copied from Dave accurately, then Dave needs to re-think this statement. -
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It also does not good to reduce taxes when so many American's have no job. You can't cut what I don't have. -