The state of North Carolina has a "rainy day fund" of approx $800 million for a budget of approx $21 billion.
Think about that figure as you consider Suze Orman's incessant advice to have an 8 month liquid emergency fund for an unforeseen financial storm.
For reference, one month is 8.3% of an annual budget.
In your personal life, do you have such a liquid emergency fund (not a retirement fund, home equity, or other less liquid assests)?
Do you think the organizations you are involved with have 67% (that's eight months times 8.3%) of their annual budget tucked away in a savings account?
Does your church? Your local charity? Your party? Are you financially responsible for any of these groups? Does your board of deacons/directors/trustees talk about it?