You’re Right Mr. Vice President, the Buffett Rule is All About Math
I see the White House is hoping to draw attention away from high gas prices, unemployment over 8%, and the fact they managed to rack up more debt in 3 years than Bush did in 8 by playing the old “Buffett Rule’ card. Vice President Biden weighed in on the matter today:
I’m for the Buffett Rule because it just makes sense. Like the President says—it’s not class warfare. It’s math. -Joe
— Joe Biden (@JoeBiden) April 9, 2012
Not class warfare? Math? Fair enough. Let’s do some.
Total revenue the ‘Buffett Rule” would raise over ten years? $47B.
Our national debt on March 9th? $15,517,051,724,148.90.
Our national debt on April 6th? $15,618,640,279,582.93.
Total increase in that month? Over $100B.
Maybe someone should tell Vice President Joe ‘Math Wizard’ Biden that 10 years of his beloved ‘Buffett Rule’ brings in enough revenue to cover less than half a month’s worth of their debt increases?
For those of you not familiar with “the debt,” that’s the thing President Obama has added more to in just over three years than Bush added in 8 years. You might not know about it given this administration’s aversion to bringing it up. It just isn’t good politics and that’s why they have to throw out silly distractions like the “Buffett Rule” and cover their rears with “it’s not class warfare” when it obviously is. Math doesn’t lie.