I am a graduate of Dave Ramsey's Financial Peace University. As a graduate, I have and have studied the emergency fund. It is to start off at $1,000.00 and then grow to three to six months living expenses once your debts are paid off. With an Obama Presidency, I feel Dave will need to redesign the emergency fund concept to include a second emergency fund. You see, when Bill Clinton became President, he passed the biggest tax increase in history. Part of that tax increase made the increase retro-active. That meant on tax day, people had to come up with money they did not budget for at all. Obama is sure to raise taxes and I'm sure he will also employ the retro clause. Therefore, I'm calling on a new Retro-Tax Emergency Fund. This fund should be funded before all other expenses because when it comes to your money, the government has no mercy. Don't aim low, aim high at its funding level as Obama is surely to aim high on your tax increase. Please pass this along to other FPU graduates and to Dave himself so that he can adjust his material before the next printing.