There's a great post on Chris Thomas' blog about Dave Ramsey's ideas regarding the current state of the economy and what should be done. Here's a copy of his post:
Unless you’ve been living under a Wachovia branch for the last couple of weeks, you’ve probably noticed that our country is in the middle of an economic struggle. Congress seems to think that we have two options:
A) Endure a $700 billion bailout
B) Go to Hell in a handbasket
Dave Ramsey seems to think there is another option. He has put together a “Common Sense” alternative to the impending bailout. The three step plan involves insurance, mark to market accounting rules and the capital gains tax. It will be easier to implement, a lot less expensive for taxpayers and, in all likelihood, will have a much more positive impact on the markets, both short and long term.Go check out the plan, and if you agree with Dave, TAKE ACTION!!!
And thank God for Dave Ramsey and his voice of reason…
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