Hopefully the irrelevant Buffett tax discussion is over. The Buffett tax neither solved nor helped solve any major problem. Despite the hype, the Buffett Tax only annually raised about one day’s worth of borrowing, if it raised 10 times more it would still be irrelevant.
The whole Buffett tax “theater” was intended to divert that public’s attention from the lack of any meaningful Obama administration solutions for our country’s problems: not for creating private sector jobs, deficit reduction, high energy prices, high food prices, the impending Social Security, Medicare, and Medicaid funding shortfalls and benefit cut-backs, Iran or North Korea, the rise of radical Islam in the Middle East including their persecution of non-Muslims, our foreign energy dependence, our illegal alien problems, our credit problems, or for desperate families who just want a decent job, etc. Sadly, President Obama’s policies have aggravated these problems, not reduced them.
Read more