TheBrown57 Posted January 24, 2012 Report Share Posted January 24, 2012 if 10pc of Congress does too http://www.telegraph.co.uk/finance/economics/9034015/Warren-Buffett-pledges-15pc-of-income-to-US-if-10pc-of-Congress-does-too.htmlMr Buffett said people who are making millions of dollars should be moved up to the "mid 30s" in terms of the percentage of their income they pay in tax, as most Americans do. Quote Link to comment Share on other sites More sharing options...
Bad324 Posted January 24, 2012 Report Share Posted January 24, 2012 its a noble thought and I get what his intentions are as I think he's trying to help and get others to help as wellbut lets be honest, none of this will ever happen Quote Link to comment Share on other sites More sharing options...
20thGix Posted January 24, 2012 Report Share Posted January 24, 2012 I think what the problem is that no one feels they need to sacrifice to get the job done. Kinda like the war effort in the early 40's but a war on the country's debt. Our counrty sucked it up for 5 or so years during the war to do what was best for the counrty. Here are a couple ideas:-If you are unemployed you are now an employee of the sate to do infrastrucure work or whatever for your check. Untill you get a job.-If you have a job pay and extra percent to payoff the national debt.-Gov't to actually tighten its belt and cut frivolous crapThose are just a few ideas good or bad. Whether they would work or not who knows. Just an idea. Yeah it might suck for the time being but in the end we could put the whole debt deal behind us. You keep hearing we are "Giving this debt to our grandchildren" blah, blah, blah. I would assume that by the time my 2yr. old has children we could achieve this goal. Its been a pretty hot topic for what about 5yrs. now? So say Obama is out and Mitt for example is in next term. Do you think in four years he can get the slate clean? I dont think so. Or anyone for that matter. Now we are 9 or so years into dealing with this an the same problem is there. The people boot that president out and maybe it goes back to a Democrat. So now the pendulum continues to swing and nothing ever gets solved.I think its time just for the counrty as a whole to roll up there sleeves and actually pour 100% of our resources into the problem. Quote Link to comment Share on other sites More sharing options...
jblosser Posted January 24, 2012 Report Share Posted January 24, 2012 I know - how about spending less than we take in?Works for me at my house. Quote Link to comment Share on other sites More sharing options...
Bad324 Posted January 24, 2012 Report Share Posted January 24, 2012 I know - how about spending less than we take in?Works for me at my house.you take your logic and you get the hell out of here! Quote Link to comment Share on other sites More sharing options...
kawi kid Posted January 24, 2012 Report Share Posted January 24, 2012 I know - how about spending less than we take in?Works for me at my house.But in my macroeconomic class .... Quote Link to comment Share on other sites More sharing options...
jblosser Posted January 24, 2012 Report Share Posted January 24, 2012 guns and butter. Quote Link to comment Share on other sites More sharing options...
TheBrown57 Posted January 24, 2012 Author Report Share Posted January 24, 2012 But in my macroeconomic class .... Quote Link to comment Share on other sites More sharing options...
jblosser Posted January 24, 2012 Report Share Posted January 24, 2012 But in my macroeconomic class ....You a classic Keynesian, Follower of Friedman, or more of a New Classical kinda guy?(former gf was/is Ph.D. in econ, so had to listen to lots of blathering in order to play with the d cups...) 1 Quote Link to comment Share on other sites More sharing options...
kawi kid Posted January 25, 2012 Report Share Posted January 25, 2012 I'm more of a pay with cash kinda guy. I didn't need college to learn that. Quote Link to comment Share on other sites More sharing options...
max power Posted January 26, 2012 Report Share Posted January 26, 2012 I'm more of a pay with cash kinda guy. I didn't need college to learn that.Ooooo, an Amishman! Quote Link to comment Share on other sites More sharing options...
kawi kid Posted January 26, 2012 Report Share Posted January 26, 2012 Amish use credit cards more than me lol Quote Link to comment Share on other sites More sharing options...
jblosser Posted January 26, 2012 Report Share Posted January 26, 2012 Ooooo, an Amishman!No, he said "cash", not pies made with dirty fingernails... Quote Link to comment Share on other sites More sharing options...
magley64 Posted January 26, 2012 Report Share Posted January 26, 2012 wait a sec, isn't Keynesian economics what got us OUT of the great depression? Quote Link to comment Share on other sites More sharing options...
Tpoppa Posted January 26, 2012 Report Share Posted January 26, 2012 Warren Buffet - "I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3 percent of GDP all sitting members of Congress are ineligible for reelection."I agree. In addition, let's get rid of anyone who is slimy enough to want to be a career politician by enacting term limits of 8-12 years on Congress. There are too many long timers in Washington who are more concerned with increasing their net worth than making things better for Americans. Quote Link to comment Share on other sites More sharing options...
centauro1198s Posted January 26, 2012 Report Share Posted January 26, 2012 Warren Buffet - "I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3 percent of GDP all sitting members of Congress are ineligible for reelection."I agree. In addition, let's get rid of anyone who is slimy enough to want to be a career politician by enacting term limits of 8-12 years on Congress. There are too many long timers in Washington who are more concerned with increasing their net worth than making things better for Americans.Agreed!I also like Buffet's courage to take such an unpopular stand. Quote Link to comment Share on other sites More sharing options...
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