Debt

I'm nauseous at the news that the S & P has Downgraded the United States credit rating from a AAA to a AA+. The U.S. has had a AAA credit rating since 1910. Here is the dumbed down explanation of our situation.

‎"If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & 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 Ramsey

Kind of mind-boggling, don't ya think?