Thursday, October 13, 2011

Buffett’s rebuff

Billionaire investor continues carrying water for bankrupt politicians - Washington Times

Americans don’t want to borrow more money and pay higher taxes simply to create temporary government jobs. That’s why President Obama’s $467 billion second stimulus bill never had much of a chance as a whole. It was meant to be a class-warfare call-to-arms that would engage and excite his liberal base, as even the Democratic-controlled Senate couldn’t conjure up the votes for it.

...Mr. Obama’s ally in the “fair share” department - mega-investor Warren Buffett - continues his campaign to raise more money for Washington politicians through higher taxes on “millionaires and billionaires.”...

“Even if we double taxes on the rich, that covers about two days’ worth of spending,” he said. “What are you going to do with the other 363 days?”...