Saturday, April 14, 2012

"Sometimes societies become too stupid to survive."

A nation that takes Barack Obama's current rhetorical flourishes seriously is certainly well advanced along that dismal path. The current federal debt burden works out at about $140,000 per federal taxpayer, and President Obama is proposing to increase both debt and taxes. Are you one of those taxpayers? How much more do you want added to your $140,000 debt burden? As the Great Magician would say, pick a number, any number. Sorry, you're wrong. Whatever you're willing to bear, he's got more lined up for you.
Steyn breaks down the Buffet rule so that us folks can understand. Folks have to understand, because the Big 0 is always talking to folks in his folksy way, and he hopes that folks will vote for him.  And if they do, folks are going to have to pay for four more years centuries of him/his policies, but probably not the fat-cat millionaire and billionaire folks he thinks will pay, but ordinary folks. The problem is...
For what Obama's spending, there aren't enough of them, or us, or "the rich" – and there never will be. There is only one Warren Buffett. He is the third-wealthiest person on the planet. The first is a Mexican, and beyond the reach of the U.S. Treasury. Mr. Buffett is worth $44 billion. If he donated the entire lot to the Government of the United States, they would blow through it within four-and-a-half days. OK, so who's the fourth-richest guy? He's French. And the fifth guy's a Spaniard. No. 6 six is Larry Ellison. He's American, but that loser is only worth $36 billion. So he and Buffett between them could keep the United States Government going for a week.

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