The State of Our Union Is Broke - National Review Online: "An honest leader would feel he owed it to the citizenry to impress upon them one central truth — that we can’t have any new programs because we’ve spent all the money. It’s gone. The cupboard is bare. What’s Obama’s plan to restock it? “Right now, Warren Buffett pays a lower tax rate than his secretary,” the president told us. “Asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense.”
But why stop there? Americans need affordable health care and affordable master’s degrees in Climate Change and Social Justice Studies, so why not take everything that Warren Buffett’s got? After all, if you confiscated the total wealth of the Forbes 400 richest Americans it would come to $1.5 trillion.
Which is just a wee bit less than the federal shortfall in just one year of Obama-sized budgets. 2011 deficit: $1.56 trillion. But maybe for 2012 a whole new Forbes 400 of Saudi princes and Russian oligarchs will emigrate to the Hamptons and Malibu and keep the whole class-warfare thing going for a couple more years.
The so-called “Buffett Rule” is indicative not so much of “common sense” as of the ever widening gap between the Brobdingnagian problem and the Lilliputian solutions proposed by our leaders. Obama can sacrifice the virgin daughters of every American millionaire on the altar of government spending and the debt gods will barely notice so much as to give a perfunctory belch of acknowledgement."
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