The Debt Ceiling Deadline

[TWCC_DJK5555]

I ran across this article this morning, Warren Buffett, one of the richest men in the world urges congress to stop babying the rich and raise taxes on the rich to reduce the deficit.

http://news.yahoo.com/stop-coddling-super-rich-buffett-084140678.html

He's been saying that for years. I suppose you can say that for types like him, but not so much for small business owners.

Here's the thing... They only tax what you MAKE (earn), not what you have.  Buffet has already MADE his fortune, so...

Secondly, nobody's stopping him personally from paying more taxes.  PUT YOUR MONEY WHERE YOUR MOUTH IS, WARREN.   

[TWCC_DJK5555]

I ran across this article this morning, Warren Buffett, one of the richest men in the world urges congress to stop babying the rich and raise taxes on the rich to reduce the deficit.

For everybody who heard this particular comment from Mr. Buffet, this following article is a MUST READ.

Warren Buffett, hypocrite

This is just TOO funny.   

I love it when people like this get exposed.   

[The Weather Guy]

  !!! Nice! And super funny

[TWCC_DJK5555]

stop babying the rich and raise taxes on the rich to reduce the deficit.

Here are some facts about that misconception.

Top 0.1 Percent Pays More Income Tax than Bottom 80 Percent

Fact check: The wealthy already pay more taxes

ANY politician who spouts a "Tax The Rich" mantra is only playing politics and trying to get votes.   

[twcclassics]

Some facts about Warren Buffett's claims...

http://ow.ly/6CfOV

[Eric]

In a nutshell, the rich not only should pay more in taxes than the poor, but I don't think they pay enough.  Not by a long shot.

[twcclassics]

In a nutshell, the rich not only should pay more in taxes than the poor, but I don't think they pay enough.  Not by a long shot.

The rich currently pay about 40% of all taxes, while 51% of the population pays nothing. So how much is enough? Should they pay all of our taxes? If not, what percentage of their income should the government take? 40% 60% All of it?

[Eric]

Keeping in mind that I'm a member of the Communist Party, I believe that income should be equalized amongst everybody. 

There's no need for rich and poor.  In fact, the only way the rich can become and stay rich is at the expense of the poor.  If every person is supposed to be equal, then why should there be such a huge difference in income?

If a person deliberately chooses to be lazy and not work, then he should suffer the consequences solely as a result of his actions, or lack thereof.  But there is no excuse whatsoever for a hard-working family to be left in poverty because of lack of access to better education and better job opportunities.  For the richest country in the world to have such a large number of poor and impoverished people is unforgivable.

[twcclassics]

You didn't answer my question. I understand you want things to be equal (even though what you're proposing doesn't make things equal), but I'm looking for a specific number for the "fair share" argument. But in response to your comments, how exactly does a rich person become or stay rich at the expense of someone who is poor? I have never had any rich person steal money from my checking account or prevent me from obtaining wealth. Yet the government essentially does it every month when I get my paycheck. Going back to my point from a while back, what incentive is there to work hard (which is something you need in order to make everything equal in your mind) when the reward for that work is the same no matter what? I'm for equality too, but not at the expense of someone else. Everyone in this country already (more or less) has equal opportunity to achieve whatever success they desire. If you want to go to college, you can. You can either work until you can pay for it, or you can get a loan and pay it after you get a good job. What socialists and communists seem to want is for everyone to have what they want right this second, without having to work for it. I'm sorry, but life doesn't work that way. At least not in a way that's truly fair and equal.

[TWCC_DJK5555]

Here we go again.   

Obama to Ask for $1.2 Trillion Increase in Debt Limit

[Mr. Rainman]

And it's gonna keep happening, sadly. We're so addicted to debt at this point that we're just going to keep raising the ceiling higher and higher so we can spend more and more money that we don't have.

[Eric]

What's the alternative?  End all spending altogether?  Close all municipal fire departments and staff them only with volunteers?  Close all the public schools and force parents to pay for private schooling?  End Social Security and Medicare payments?  Stop importing oil?  Nuke the rest of the world and take their resources?

One has to think rationally.  It is going to cost money to cut the debt.  And, besides, this isn't Obama's debt.  When George W. Bush took office, the U.S. had the biggest budget surplus in history.  Bush put that to an end right quick, and the debt's been growing ever since.  Bill Clinton may have had a sleazy personal life, but at least he knew how to balance budgets.

[TWCToday]

What's the alternative?  End all spending altogether?  Close all municipal fire departments and staff them only with volunteers?  Close all the public schools and force parents to pay for private schooling?  End Social Security and Medicare payments?  Stop importing oil?  Nuke the rest of the world and take their resources?

One has to think rationally.  It is going to cost money to cut the debt.  And, besides, this isn't Obama's debt.  When George W. Bush took office, the U.S. had the biggest budget surplus in history.  Bush put that to an end right quick, and the debt's been growing ever since.  Bill Clinton may have had a sleazy personal life, but at least he knew how to balance budgets.

Whats the alternative?? Spend less! The federal government doesn't deal with fire departments. Not sure where that is coming from. Its up to local counties/cities. Turn the education systems back to the states. Social security and medicare are flawed concepts but since its obvious they aren't going away I suppose reform them.

One has to think rationally.  It is going to cost money to cut the debt.

Not trying to argue but really? That doesn't make sense!

[twcclassics]

What's the alternative?  End all spending altogether?  Close all municipal fire departments and staff them only with volunteers?  Close all the public schools and force parents to pay for private schooling?  End Social Security and Medicare payments?  Stop importing oil?  Nuke the rest of the world and take their resources?

One has to think rationally.  It is going to cost money to cut the debt.  And, besides, this isn't Obama's debt.  When George W. Bush took office, the U.S. had the biggest budget surplus in history.  Bush put that to an end right quick, and the debt's been growing ever since.  Bill Clinton may have had a sleazy personal life, but at least he knew how to balance budgets.

Wow. There's so many errors in that statement, I don't even know where to begin. Believe it or not, you can cut government spending to a more responsible level without ending all services. If we keep spending, we'll eventually have to cut essential services because we won't be able to pay for them.

"It is going to cost money to cut the debt." That doesn't make any sense. How does spending less cost you money?

"This isn't Obama's debt." Really? I had no idea George Bush was still signing spending bills! Republicans definitely lost their way under Bush, but to say that Obama isn't responsible for any of our current debt is insane.

"Bill Clinton may have had a sleazy personal life, but at least he knew how to balance budgets." That also makes no sense. The president has no direct control over the budget. He can make recommendations. He can ask for things, but ultimately it's up to congress. It was the Republican congress under Clinton that balanced the budget.

[Eric]

Either I'm the only one here who doesn't support the Republicans in anything, or I grossly overestimate my intelligence when it comes to fiscal matters.  Either way, I'm not bringing politics into this forum anymore.