Krauthammer dismantles what passes for the logic behind 'The Gimmick'

Three years later, we are back to smoke and mirrors. This time it’s not health care but the Buffett Rule, which would impose a minimum 30 percent effective tax rate on millionaires. Here is how Obama introduced it last September:


“Warren Buffett’s secretary shouldn’t pay a [higher] tax rate than Warren Buffett. . . . And that basic principle of fairness, if applied to our tax code, could raise enough money [to] stabilize our debt and deficits for the next decade. . . . This is not politics; this is math."

Okay. Let’s do the math. The Joint Committee on Taxation estimates this new tax would yield between $4 billion and $5 billion a year. If we collect the Buffett tax for the next 250 years — a span longer than the life of this republic — it would not cover the Obama deficit for 2011 alone.

http://www.nationalreview.com/articles/295906/buffett-rule-free-lunch-egalitarianism-charles-krauthammer

Ramirez highlights 'The Gimmick', aka, the Buffett Rule

The government needs more of your money to do brilliant things like this

The government spent at least $205,075 in 2010 to “translocate” a single bush in San Francisco that stood in the path of a $1.045-billion highway-renovation project that was partially funded by the economic stimulus legislation President Barack Obama signed in 2009.

http://cnsnews.com/news/article/shovel-ready-san-fran-205075-translocate-one-shrub-path-stimulus-project

This Democratic mayor is a hero

A day after he defied his security detail and ran into a burning house to save a woman's life, Newark Mayor Cory Booker says he's a good neighbor, not a superhero.

The mayor of New Jersey's largest city was treated and released from the hospital after suffering smoke inhalation and second-degree burns on his hands Thursday night.

http://www.nbcnewyork.com/news/local/Newark-Mayor-Cory-Booker-Hospital-Smoke-Inhalation-Fire-Rescue-Neighbors-Twitter-147265765.html

Bidens gave 1.5% of their AGI to charity.

According to the White House, "Together, [the Bidens] reported adjusted gross income of $379,035. The Bidens paid $87,900 in total federal tax for 2011. They paid $13,843 in Delaware income tax and $3,614 in Virginia income tax. The Bidens contributed $5,540 to charity in 2011."

In other words, the Bidens donated less than 1.5 percent of their adjusted gross income to charity.

http://www.weeklystandard.com/blogs/bidens-donate-15-percent-income-charity-2011_636971.html