Thus proving again ("Who's going to buy them now?") that you can amass a lot of wealth in the U.S. while still being a large moron.
Malkin's blog happens upon a good point about how futile Buffet's effort is here:
"Just for fun though, let’s assume every member of Congress took up Buffett on his offer and kicked in his or her entire net worth in order to reduce the national debt. That would be about $2 billion. Buffett would match (in actuality Buffett would get out of about half of this on a technicality because he only said he’d match Republican contributions, but let’s pretend that’s not the case). That would make the total debt-busting haul $4 billion. Enough money would have been raised to keep the government running for maybe half a day — "
1 comment:
Buffet and Congress have good intentions, of that, I have no doubt. If they could only channel the enthusiasm, altruism and considerable resources in a constructive direction. Perhaps I should mail Mr. Buffett and his office few dozen copies of 7DIF. Or maybe everyone should mail their Reps a copy. Flood their offices until someone begins to read. And understand.
Post a Comment