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Buffett: America’s Seen Worse Problems than Fiscal Cliff
Newsmax ^ | Saturday, 29 Dec 2012 10:24 AM | Sandy Fitzgerald

Posted on 12/29/2012 10:45:07 AM PST by Olog-hai

Warren Buffett says he’s optimistic the nation’s debt problems will be solved, despite the political fighting that’s threatening to put the country over the “fiscal cliff.” …

“The United States is richer than it’s ever been. We have $50,000 or so of GDP per person. But we’ve overpromised and we’ve also under taxed to some extent, so we find ourselves with this great fiscal imbalance. But it was man made. We’re a rich country. It can be solved. … We’ll be able to overcome this problem. America has faced a lot tougher problems than this one. We’ll get it solved.” …

(Excerpt) Read more at newsmax.com ...


TOPICS: Business/Economy; Government; Miscellaneous; News/Current Events
KEYWORDS: 112th; 11th; fiscalabyss; fiscalcliff; liberalelite; warrenbuffett
That is some immense waffling by Buffett. Sounds like he is trying to paper over reality, and using onion skin too. Never mind his “overpromised and undertaxed” blather.
1 posted on 12/29/2012 10:45:13 AM PST by Olog-hai
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To: Olog-hai

Well Buffet baby, maybe if you stopped hiding your income and payed the taxes you owed it would be a start. And as for being under taxed, why don’t all you liberal jackasses pony up and write a check to the government if you think we are underpaying. I don’t see anything holding you guys back, put Your money where your mouth is instead working so hard to take mine!


2 posted on 12/29/2012 10:56:21 AM PST by Mastador1
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To: Olog-hai

Hey Warren!

We’re not here to see how bad we can make it!!!

These new taxes FIX NOTHING!

It’s pure THEFT TO BUY MORE VOTES!

There are proven ways to actually FIX our current problems.

Obama has as his highest goal, the destruction of America, the Constitution, and our way of life.


3 posted on 12/29/2012 11:08:08 AM PST by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: Olog-hai

Hey Warren! STFU


4 posted on 12/29/2012 11:14:46 AM PST by shalom aleichem
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To: Olog-hai

$50,000 doesn’t go so far these days, compared to decades past. In the 1960’s, men making from $5,000 to $10,000 were raising large families of 5 to 8 kids with the wives staying home. Now it’s tough to raise 1 or 2 kids on $50,000 or more with both parents working. The numbers say more, but the costs of living are far higher. It’s wrong to keep raising the tax burden on producers while lazy takers contribute nothing.


5 posted on 12/29/2012 11:27:08 AM PST by roadcat
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To: Olog-hai

This Communist Pig is a boor.


6 posted on 12/29/2012 11:28:26 AM PST by mosesdapoet ("A voice crying in the wilderness make streight for the way of the Lord")
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To: shalom aleichem; G Larry

Tell uncle Warren yourself..

berkshire@berkshirehathaway.com


7 posted on 12/29/2012 11:29:25 AM PST by Neidermeyer
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To: shalom aleichem

FUWB


8 posted on 12/29/2012 11:29:51 AM PST by Venturer
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To: roadcat
I had a look at the BLS inflation calculator just to compare figures; I started with 1965, and $5,000 back then turns into $36,543.02 in 2012 dollars while $10,000 becomes $73,086.03. Amazing what was affordable back then in terms of real wages, and no thanks to commie unions.
9 posted on 12/29/2012 11:32:42 AM PST by Olog-hai
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To: Olog-hai

“We have $50,000 or so of GDP per person.”

I’m sure the 47 million on food stamps and near record number of underemployed are relieved to hear that.


10 posted on 12/29/2012 11:35:52 AM PST by ScottfromNJ
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To: Olog-hai

Everyone seems to forget, it was Congress and the punk that wrote the cliff in the first place, they had a year to fix it and instead did what ever it is that politicians do behind closed doors.


11 posted on 12/29/2012 11:44:53 AM PST by Matthew10
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To: Olog-hai

The poster boy for crony capitalism has spoken!


12 posted on 12/29/2012 11:47:22 AM PST by COBOL2Java (kak-is-toc-ra-cy: Government by the least qualified or most unprincipled citizens. See: GOP-e)
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To: Olog-hai
I'm sure everything will work out just fine for Buffet.

Obama treats his political allies well.

13 posted on 12/29/2012 11:48:16 AM PST by Washi (Socialism is Slavery)
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To: Olog-hai

C’mon, Buffett, are you not part of the Leftwing cabal that’s trying to intimidate the citizens and destroy the Country?

You’re in no way returning the good will you’ve reaped from this great Country. You should be ashamed of yourself.


14 posted on 12/29/2012 11:51:58 AM PST by Gene Eric (Demoralization is a weapon of the enemy. Don't get it, don't spread it!)
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To: Olog-hai

Nomenklatura...? Why yes, he IS a part of it..!

As a part of the Nomenklatura system, he speaks in favor of it, smoothes things over when there is worry, etc.

His role is a clear one, and I think he does not like Real America.


15 posted on 12/29/2012 12:25:18 PM PST by gaijin
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To: Olog-hai

I’m tired of listening to this tax cheat. What do you think he got from Obama for spreading his puke regarding his secretary’s tax rate? Follow the money. A dime will get you a dollar the feds drop their case against him for not paying taxes.


16 posted on 12/29/2012 12:27:11 PM PST by Founding Father (The Pedophile moHAMmudd (PBUH---Pigblood be upon him))
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To: roadcat

So true. My Dad made 5800.00 in 1958 with 4 kids at home and a wife who did not work. How was he able to do it?!

We did not live in squalor, had food, clothes, shelter.


17 posted on 12/29/2012 12:49:49 PM PST by AllAmericanGirl44 (Fluck this adminstration of misfits.)
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To: AllAmericanGirl44

The example I was thinking of, was my dad. He was so proud, in the late 1960’s when his salary finally topped $10,000. He had 5 of us kids to take care of. Of course he cut corners to get by, every weekend he took me to help get groceries at the dented cans warehouse and day-old bakeries where hegot discounted food. But as you say, we did not live in squalor or lack food. Same story with my wife, from a family of 6 kids and stay-at-home mom with low-salaried dad. There was less money being stolen in the form of taxes, fees, and regulations that reduce effective buying power.


18 posted on 12/29/2012 1:31:30 PM PST by roadcat
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To: Olog-hai

buffett is either a full on billionaire communist... or he is batsh!t crazy... or both. I think it is both.

LLS


19 posted on 12/29/2012 1:40:40 PM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: Olog-hai

Agreed.

Like 2008 and 2012 election results and the Spanish Influenza Epidemic of WW1.


20 posted on 12/29/2012 1:52:57 PM PST by ZULU (See video: http://gatesofvienna.blogspot.com/2012/09/the-first-siege-of-vienna.html)
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To: Olog-hai
Amazing what was affordable back then in terms of real wages, and no thanks to commie unions.

I don't believe any of those calculations, such as the BLS Inflation Calculator, put out by the government. Skewed by politics and methodology that has changed over the years, to suit political purposes. Let's say one made $10,000 back in the 1960's. it's difficult to say what the equivalent would be today.

Many things that were free and provided by government then are now fee-based. For example, I remember when many things were free in our parks in the SF region and are now expensive, such as the zoo, museums, aquarium, Japanese Tea Garden, Conservatory of Flowers, etc. Bridge tolls were cheap (and supposedly temporary). Lots of hidden fees on our utility bills, electronic goods, auto components, etc. that reduce buying power. We're being double-taxed everywhere, taxed on our paychecks and again elsewhere.

Truth is, we kept a lot more of our income as a percentage back in the old days. The jackals in government want 50 percent and more of what we produce, and the sheep in the populace are agreeable to that.

21 posted on 12/29/2012 1:59:01 PM PST by roadcat
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To: Olog-hai

lets see...

Buffet opposed the oil pipeline, for transporting oil on his own trains.

Buffet celebrates the return of the deathtax so people can buy his deathtax insurance.


22 posted on 12/29/2012 2:02:33 PM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: roadcat

Well, if there’s any other benchmark besides the Consumer Price Index, I don’t mind using it.


23 posted on 12/29/2012 2:10:58 PM PST by Olog-hai
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To: Neidermeyer

thanks (and I did tell the mean old putz)


24 posted on 12/29/2012 3:53:08 PM PST by shalom aleichem
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To: Olog-hai

He may be a financial guru, but he is a dunderhead in every other department.


25 posted on 12/29/2012 4:03:31 PM PST by windsorknot
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To: Olog-hai
Buffett: America’s Seen Worse Problems than Fiscal Cliff...you bet, Warren - and since vultures like you and Soros make their big bucks by picking up distressed assets and waiting for them to recover, I bet you can't wait for the country and the economy to go over that cliff......
26 posted on 12/29/2012 9:35:32 PM PST by Intolerant in NJ
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To: Olog-hai
Hmmm.   Warren's talking about his AKSARBEN playmates?
 
 
 
"Ohhhhho say can you seee...."
 
Eyes Wide Shut

"8-1984 - Lawrence King [Homosexual and alleged Pedophile] throws a lavish party in Dallas, Texas, after singing the National Anthem at the Republican National GOP Convention."

http://www.google.com/#hl=en&tbo=d&sclient=psy-ab&q=Lawrence+king+singing+pedophile+franklin&oq=Lawrence+king+singing+pedophile+franklin

 

http://www.franklincase.org/index.php?option=com_content&view=article&id=11&Itemid=9


27 posted on 12/30/2012 7:10:11 AM PST by TArcher
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To: Olog-hai

Funny how no one EVER mentions spending (entitlement) cuts, only tax increases.


28 posted on 12/30/2012 7:15:43 AM PST by Jane Long (Philippians 2:11)
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To: windsorknot

>>he is a dunderhead in every other department.

Oh, he and his fellow Fabian Socialist vanguard elite vampira are far from “dunderheads” in those other departments.

http://www.google.com/#hl=en&tbo=d&sclient=psy-ab&q=Warren+Buffett+%22Negative+Population+Growth%22


29 posted on 12/30/2012 7:16:39 AM PST by TArcher
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