Upcoming sequester cuts less than Warren Buffett’s total wealth
That’s right, the total and complete disaster we face on March 1 will be the result of cutting a whopping $44 billion from the budget in one year. Warren Buffet’s estimated wealth? $46 billion.
Puts this stupid rounding error in perspective does it not? Number two on the Forbes 400 “richest people in America” is Warren Buffet, with $46 billion in wealth. Number one is Bill Gates, with $66 billion. Larry Ellison is number three with $41 billion. So just the top three have $153 billion in wealth. All we’d need to do is confiscate the money from three Americans and we can pay for all the stuff Obama threatens will go away and have more than $60 billion to spare.
Emergency responders like the ones who are here today — their ability to help communities respond to and recover from disasters will be degraded. Border Patrol agents will see their hours reduced. FBI agents will be furloughed. Federal prosecutors will have to close cases and let criminals go. Air traffic controllers and airport security will see cutbacks, which means more delays at airports across the country. Thousands of teachers and educators will be laid off. Tens of thousands of parents will have to scramble to find childcare for their kids. Hundreds of thousands of Americans will lose access to primary care and preventive care like flu vaccinations and cancer screenings.
Threat of these whopping cuts has supposedly stopped an aircraft carrier group in its tracks. On top of all that, we can save 800,000 Pentagon employees from being furloughed one day a week and loosing 20 percent of their pay.
The threats keep coming and the administration is whole-heartedly making these estimates up out of thin air. Don’t believe a word.
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I am tired of conservatives being vilified and am losing my sense of humor. Of course, I and almost everyone who reads RVO doesn’t believe the threats, but those who worship our president do. ?He has a high approval rating and I honestly don’t know why. Oh well
This guy is like a parody of a president that would make SNL proud.
As I pointed out in a previous post,
” Fed officials announced on January 30th that they would continue to buy mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month . . . ”
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Gee, even the math that I can do tells me we could save, what, $85 billion a month. That is not a figure that is divided up over ten years, either.
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To repeat myself, I am bored silly over this constant cycle of crises that are always the Republican’s fault. Obama is not leading, leading from behind or contributing anything positive here.
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He is just heckling from the bleachers.
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…nobama is not leading, true.? The blame game is one of the only ones he knows, true.? But the media – the media that is watched by ‘Joe Six Pack’ anyway, has and will pin this on Republicans being mean, racist and not caring about the plight of our less fortunate.?
Listen to the new breaks in Jim’s show…Angela, bless her heart, gives the CBS talking points every half hour (with hints every 15 minutes).? Biased reporting and in many cases, the polar opposite from what you’ll hear during programming.? How Jim can work at ‘TIC is a tough one (and listen to his monitor during breaks), but a 50k flamethrower is a 50k flamethrower I guess.? Better than nuthin’.
Isn’t this $85 billion spread out over ten years? Obama enriched his cronies pockets with $60 billion that he gave to “green” companies, i.e. Solyndra, etc.
No matter how this resolves, Obama is the one who signed the bill into law. It is his responsibility. He could have vetoed it. Yet, he decided to take a bad idea and use it to his advantage in his war on the Republicans. He obviously wants to use anything to keep drubbing his political opposition. If his weapon at hand happens to harm the American people or the economy, he just blames and prevaricates.
As with the earlier incarnation of the “fiscal cliff”, this is a politician made and politician produced crisis. This is just a manufactured issue designed to make Obama seem to be the only adult in the room.
“Calm at the center of the fiscal vortex, resolute against the fiercest Congressional tempest, firm against the rascally Republicans, Obama . . . ” (leaked White House press release) sarc?
My sense is that Obama’s war isn’t so much on the Republicans, who have demonstrated a willingness to play along in what strike me as pantomime battle meant to distract the public from realizing that the war is actually being waged against all of us.? The Treasodent is only pretending to be our advocate.
You’d think that the great ?bama supporter, Buffett, would part with some of his enormous loose change and help offset the alleged “cuts”.
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I won’t hold my breath.? Liberals only part with other people’s money.
Plus Buffet ?won’t give up the money he makes on his trains transporting oil rather than letting us build the Keystone Pipeline. Buffet is another huge hypocrite, he would’t tithe even 10% of his 46 billion to taxes. His uses the loopholes like everyone else but publicly professes he would happily pay more in taxes.
didn’t buffett give all of his money to gates’ foundation?? why is he even part of the conversation?? he’s a poor tax evader, just like everyone else.? and his secretary still pays more taxes, at a higher rate because she PAYS taxes.? this sequester might well kill him (god willing).? i’m doing a thumbnail review of o’s economic legacy–tell me if i’ve missed/misordered anything:? tarp (bush didn’t put forth anything without the pres-elect’s buy-in/ok), stimulus 1, simpson-bowles, assumption of the college loan industry, stimulus 2, o’care, qe 1, qe 2, fiscal cliff 1/sequester deal, qe 3, fiscal cliff 2/tax the rich, sequester implementation.? all of these bad ideas, generated/blessed (but not enacted–plausible deniability, you know) by the wh, have come to pass.? the part that confounds is why they need to have screaming tantrums about their own policy.? i guess permanent mass hysteria is part of the new normal.? well, why not–it worked against witches and jews.?
back to reality–the sequester isn’t spending CUTS, it’s limiting spending GROWTH.? even so, they are spending more.? i really want to start incorporating this dem ‘math’ to my own personal finances.? look for me to top the forbes billionaire…
…list in the near future if i do!
Good luck! The secret to Democrat success is friends and cronies. Oh, and using other people’s money to, er, get what you want. Like Malloy (“Hey, O, over here, notice ME!).
I digress . . .
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Your list sounds like a good outline. The only thing that I would add is O saying, over and over, “It’s the Republicans’ fault that . . . ”
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Buffet may not have all that cash on hand since he just bought Heinz (and will make even more money).
the heinz deal is through berkshire hathaway–it’s not buffett’s money, it’s opm
Since Buffet is the major stockholder of B-H (32% of voting power and 23% value, in 2010), I’d say he put a good chunk of his fortune in the Heinz deal. But, does it really matter?