Scolded and Lectured

Our president recently scolded everyone by letting us know that, "When times are tough, you tighten your belts. You don't go buying a boat when you can barely pay your mortgage. You don't blow a bunch of cash on Vegas when you're trying to save for college."

Thank you Mr. President. However, this apparently doesn't apply to the government. The White House also recently proposed a $3.8-trillion budget for the fiscal year 2011, which projects a deficit of only 1.3 trillion, down from the 1.6 trillion from this year. Still spending 1.3 trillion dollars more than you have doesn't seem like a belt tightening tactic.

If you have 90 minutes, you can watch Dave Ramsey's take on this in this video of his "Town Hall For Hope". In it, he talks about:

• A short history of capitalism in America
• The necessity of personal responsibility
• Three action steps you can take today to restore hope
• The truth behind real estate, market fluctuations, Great Depression comparisons, the job market and much more!

So, check out a few minutes of it and see if you want to watch more.

Dave Ramsey - Town Hall for Hope 2009 from Central FPU on Vimeo.