IF THE U.S. GOVERNMENT WERE A COMPANY, BUFFETT WOULD NOT INVEST A DIME INTO IT! PART 2

I repeat! IF THE U.S. GOVERNMENT WERE A COMPANY, WARREN BUFFETT WOULD NOT INVEST A DIME INTO IT! Yet Mr. Buffett is out with another coordinated and timed op-ed telling Americans that taxes need to go up.

I love Warren Buffett. I love people that are always doing things for others. I love his philanthropic work. I love his quotes. In fact, I quote him often on my over-the-top, ever-popular, 8 people listening to radio show…Investors Edge…which of course, can also be listened to at www.garyk.com live M-F at 6p et. Enough of the plugs.

Mr. Buffett argues, along with others in order to help my Prez sell a plan,  that to take money out of someone’s pocket and give it to Washington DC is a good thing and life will be better because of it.. But Mr. Buffett, as one of the greatest investors ever, fails to mention WHAT FOR! In fact, Mr. Buffett fails to mention a lot of things.

Here is a lot of things.

Mr. Buffett fails to mention that the huge increase in spending was done on purpose…and to no avail. He fails to mention that total revenues into the treasury are back at their highs but spending is up over $800 billion/year since 08. He fails to mention anything about baseline budgeting where Federal spending never goes down…so when my Prez raised spending by the amount of the stimulus, that much higher number was the start for every subsequent year.

Mr. Buffett fails to mention what this “more income into the Treasury” is going to be spent on. My Prez says it is to help the middle class. Mr. Buffett says it will be to cut the deficit. Does Mr. Buffett really believe this money will be to pay down debt? Tooth fairies anyone?

Mr. Buffett fails to mention there are already tax hikes on the “privileged few” in Obamacare as well as tax hikes in states such as California.

Mr. Buffett fails to mention how poorly our taxpayer dollars are allocated. Does one really need to debate the payoffs to cronies through crappy energy companies that get taxpayer guaranteed loans? Would Mr. Buffett give Solyndra a dime of his money?

Mr. Buffett fails to mention that every large government program is now not just leaking money…but is now a tsunami of losses. Social Security…raided by the politicians and in deficits every year. Medicare and Medicaid losses as far as the eyes can see. How’s that Amtrak doing? That post office is doing really well. How’s that cost of Obamacare which has already doubled before it really starts up?

Mr. Buffett fails to mention the stimulus bill which had the government spend $800 billion of our treasure up front. How did that work out? Mr. Buffett fails to mention that we Americans were promised that a ton of that money was for infrastructure. How did that play out?

Mr. Buffett fails to mention that my Prez promised to cut the deficit in half but on purpose, pushed the deficit up almost $6 trillion in just 4 years. Are we supposed to trust that same person with more of our money?

Mr. Buffett fails to mention the trillions that have been allocated to the war on poverty throughout the years. How’s that working? Instead of getting people off food stamps, our government is actually advertising to get more people onto food stamps. How’s those poverty numbers these days?

Mr. Buffett fails to mention that still, so many of the same people who have brought us to this point…$16 trillion in debt, a lower debt rating, printing of money, 0% interest rates that only screw savers, too high unemployment, lackluster GDP…are the same people still running the show…and NOW we are supposed to believe they will get the job done?. We are NOW supposed to believe they will do something about the debt?

Finally, Mr. Buffett fails to mention that he wants us to give more money to people that have already spent the next 6 years of our taxpayer dollars…gone, history, outta here.

Sorry Mr. Buffett. These dogs don’t hunt. I have watched you through the years. You are very careful about to whom and what you allocate your capital towards. You allocate your capital to great management, sound  and profitable businesses that are run by people that are accountable to their bottom line. You have invested in great businesses like American Express, Coca-Cola, GEICO, See’s Candies, Burlington Northern and many others. Are you trying to tell us you can compare the management of our government’s bottom line to these great companies? If you did, you would be laughed at. Shouldn’t that failing enterprise prove its worthiness before asking for more of our hard earned capital?

Until change is forced upon Washington, nothing will change. Handing over more of our hard earned treasure without clear accountability is a mistake. Mr. Buffett, there is no case to give this Federal government another dime until they get their house in order. As a great investor, if the Federal Government was a company, you would not give this company a dime until THEIR house was in order. You would demand an audit of the books. You would demand new management. You would demand that every dime was accounted for. Unless, things changed, you wouldn’t even look at this company . So if you wouldn’t give this bleeding company a dime…stop asking others to.

A Minimum Tax for the Wealthy – NYTimes.com