meta_pixel
Tapesearch Logo
Log in
The Ramsey Show Highlights

How Dave Ramsey Would Handle the National Debt

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 8 April 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 💵 Start your free budget today. Download the EveryDollar app! - https://ter.li/ttpjvq  🏘️ Get Organized and Prepared to Buy or Sell a Home - https://ter.li/7vm07f  📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show  🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Brought you by Y-ReFi. Refinance your defaulted private student loans today at Y-refi.com slash Ramsey.

0:10.4

Today's question comes from Steve in Indiana. Would your snowball plan help get America out of $36 trillion dollars of debt? And how would you budget it? I wish Trump had you on the Doge

0:24.0

team. Yeah, no, I don't fit in with people that do stuff. No, I don't fit in anything in D.C.

0:33.7

It is kind of fun to watch them take a machete to the ridiculous spending.

0:39.8

And you don't have to be of any political ilk to think that machetes to the ridiculous spending are necessary.

0:46.8

This is out of control.

0:49.8

For sure, I mean, it's a funny question.

0:52.4

But the truth is that running a government of any size, the state of Tennessee, for instance, the governors, the last several governors I've been friends with, and it's a different endeavor to run something like that than run a business or run your personal account. The principle of being debt free still stands, and it's a good principle, and the principle of

1:11.9

living on less than you make still stands, and the principle of good management or good frugality

1:19.2

still stands. The, so, I mean, I can give you an opinion, but it's probably worth exactly

1:27.3

what you're paid for.

1:29.5

I observed under, for instance, Bill Clinton was the last president that had a balanced budget, that we actually did not run.

1:39.6

I mean, he did it.

1:41.9

Some say that he did some of that off of, I mean, the tax code that was in place at that point

1:48.8

was put in place by Reagan.

1:51.4

And so the lowered taxes, the Laffer Curve, Art Laffer Famous for.

1:58.9

Was the Reagan stuff all the way through?

2:00.6

Wasn't Bush 1 and then Clinton?

2:02.4

Yeah, yeah.

2:03.2

But the, it was, but I mean, it was H-W...

2:06.3

I mean, H, you know, was running the same camp.

2:08.8

He's running the same deal, except he raised taxes on one thing.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.