If I owe you $500 dollars and offered to settle up with a 25 cent payment, what would you think.? So why do some like the Buffet Rule and why on earth does Obama think this a good idea?

Interesting fact: Warren Buffet owes more than one billion dollars in back taxes AND his secretary does not !!   . .   just sayin.' 

 Earlier this morning,  Obama called a press campaign conference and made these points.  We give each an immediate counter review.  Its an easy assignment: 

Obama is pictured making the point:  "My Buffet Rule really changes little" or words to that effect. 

The rich have never been asked to pay their fair share

He began his remarks by claiming this shocker:   the rich has not  "been asked to pay their fair share.”  He wants all to forget the fact that the top 1% pay 40% of the national tax burden and the top 5% of this nation’s wage earners,  pay 70% of the tax burden . . .  by contrast,  the bottom 50% (those making less than $67,000 a year) pay only 3% of the national tax bill.  

Buffet does not have a lower tax rate than his secretary, period.

Obama went on to make the point that Buffet pays a lower tax rate than his secretary.  Of course, that is not true, if we are talking about tax rates.  Buffets income tax rate is 10 points higher than that of his secretary and,  if she has investment capital,  she pays the same percentage (15%) in dividend taxes as does her boss.  Understand that Buffet's secretary's salary (nearly $400,000 a year)**  puts her in the "rich category."  "Fairness" in this case,  has nothing to do with our middle class experience.  She is no more "middle class" than is Obama or Buffet. 


** You should know that both Buffet and his secretary have refused to reveal anything concerning their annual taxes. 

Republicans are not the only ones opposing his budget ideas.

He took time to make this point:  "We need Republicans to get on board with this idea."  But,  of course,  this idea was part of his budget proposal offered in the House, a few weeks ago.  It was rejected 414 – 0 by both Democrats and Republicans alike, and, the Senate is projected to vote it down, this coming week. Republicans?  Heck - the truth is this: Democrats and Republicans share equally,  in this matter and both oppose Obama.   

At some point in this morning’s brief press campaign conference, he said  "If you make more than a million a year, you will pay a higher tax rate. If you earn less than 250,000, your tax rates will not be affected."

Who pays, millionaires or small business owners? 

Huh??  In the same breath,  Obama charges that only the uber rich will pay the higher tax and IMMEDIATELY rolls into the equation,  those making more than $250,000,   who supply more than 70% of private sector jobs in this country.   So,  I ask,  which is it  --  a tax on millionaires or a tax on small business owners?  

If Buffet his only budget idea? Apparently.

Sadly,  the Buffet Rule is the only specific idea this mental genius has put forward in recent weeks.  The only solution being pushed forward is his decision to secure 5 billion dollars per year (with this Buffet tax) when we spend 492 billion dollars each year, in debt interest,  alone. 

Why is Obama not embarrassed with such an immature and "nothing burger" idea?