Obama’s Debt Problem vs. Ramsey’s Debt Solution

“Now, every family knows that a little credit card debt is manageable.”  (President Barack Obama’s Speech on Debt Talks, July 25, 2011)

The President is apparently not a fan of Dave Ramsey.  It would not surprise me if Obama has never heard of the popular author, speaker, and radio/tv personality.  Through his Biblical and common-sense approach to finances, Ramsey has helped millions of American families get out of — and stay out of — debt. 

His books, including The Total Money Makeover, as well the 13-week course, Financial Peace University, are counter-cultural prescriptions for the financial ills of our country — staggering debt and staggeringly little savings for most American families.  In fact, consumer debt has become so overwhelming for the average family that stress levels related to money are up 17%. 

That Obama would say — and perhaps believe — that “every family knows that a little credit card debt is manageable” illustrates why this President — for all the talk of the “middle class” — will never truly identify with families who are struggling to make ends meet, all the while trying to keep their homes from being foreclosed on and their cars from being re-possessed.  To say that a little credit card debt is manageable for everyone is akin to saying that a little alcohol is manageable for everyone.  Not only are those statements not true — there are millions of families who have learned the hard way that even the tiniest credit card debt is not manageable nor is tiniest drink manageable — but both statements can lead families down a terribly destructive path.   

The prevailing wisdom in Washington — as personified by President Obama — clearly demonstrates the reason why the solutions to America’s financial problems will not come from Washington.  They most certainly will not come from this President, who daily reminds the American people just how ill-equipped a former community organizer is at leading the greatest country on the face of the planet.

Our nation’s debt crisis will not be solved by the politicians in Washington, no matter what the outcome of the current debt ceiling talks.  For all the trillions of dollars thrown at our nation’s economic problems over the last three years, most Americans have not really experienced an economic recovery.  That’s why we need a great recovery — one that will not start at the White House, but rather one that will start in the houses of individual families throughout America.

What is the “Great Recovery” that Dave Ramsey is advocating for America?

The Great Recovery is a grassroots movement spread by people who are tired of looking to Washington for answers. The truth is that the government can’t fix this economy. It’ll be restored one family at a time, as each of us takes a stand to return to God and grandma’s way of handling money.  Together, we’ll bring this country back on track—one family, one church, one community at a time.

Are you tired of living paycheck to paycheck?  Do you want to get out of debt and start saving money?  Are you ready to “live like no one else today so later on you can live like no one else?”  Do you want to be a part of a grassroots movement that will change our nation — not just financially, but spiritually as well?  If you are ready, then go to The Great Recovery and join millions of other Americans who are making a difference in their families and communities. 

While the political elites dither over solving the nation’s debt crisis, remember that the Great Recovery really starts with me.  And it starts with you.  What are you waiting for?  Become a part of the solution today!

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About Howell Scott

I have been a Southern Baptist pastor for the last fourteen years. Before entering the ministry, I was a practicing attorney in my homestate of Florida. I have been married to my wife, Brenda, for 18 years and we have three sons, Stephen, Jacob, and Andrew.
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4 Responses to Obama’s Debt Problem vs. Ramsey’s Debt Solution

  1. Rick says:

    “The Great Recovery” is a cleaver way to market churches to purchase the exaggerated priced Financial Peace University kit at $92 a family.

    • Howell Scott says:

      Rick,

      We have offered FPU at our church twice in the past and are gettting ready to offer another semester starting in August. I can’t speak for everyone, but it has been helpful for my family and for many families in the church. At $93 (we actually purchased membership kits this week on sale for $83), this can be expensive for some families. That’s why our church reduces the cost to $50 and scholarships folks who cannot affort even that. We look at it as a ministry to help families become better stewards of their finances. FPU might not be right for every church, but we have found it an effective ministry. Thanks for reading and taking the time to comment. God bless,

      Howell

    • Keri says:

      Our church has done this a couples times as well and offered similar things that Howell’s church did if people felt that they couldn’t financially pay the $93. Personally it was the best $93 investement at a time we could have easily said we can’t afford that. The majority of people have spend $93 on a lot more things that are not as helpful as this. I know that without this course our finances would not be anywhere near where they are today. We have been blessed and know we are on the right path of having financial freedom.

  2. Pingback: Weekend 7: Money, Money, Money | From Law to Grace

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