COMMENTARY | Warren Buffet has challenged members of Congress to help pay down the national debt, according to Fox News. Buffet states he will match their donations dollar-for-dollar. If the billionaire believes making contributions to the national debt will help get it under control, why doesn't he stop talking and start paying?
I understand where Buffet has been coming from with his statements about the rich having to pay more taxes. I can support him in his effort to get more of the burden shared by those with most of the money. His current tactic is simply a stab at the political system and should be considered an insult the American people.
We all know most members of Congress are not about to give contributions to the national debt. There might be one clown in the bunch who wants to stand out in his or her district, but it would be nothing more than a publicity push. Nobody is going to give money directly to the government to be mismanaged.
If Buffet believes there is a secure system in place for making contributions to the national debt, he should start out by making a sizable contribution himself. I am sure he has an extra billion or two sitting around in an account somewhere. If not, I am sure they will take a few hundred million to get the ball rolling.
If he wants to challenge Congress for a dollar-for-dollar match, he can do it after he makes his own contribution. He should lead by example and not by intimidation and press spots. Congress and Buffet knows taxes are a set way of distributing money through the federal government. Any other format could cause for lost money and would add more clout to an already clogged bureaucracy.
Until Warren Buffet makes a contribution himself to the national debt, he should stop talking about it. Maybe he has an extra million sitting somewhere to pay off some of the debt. We all know he is not going to do it, so he should stop wasting our time and go back to making money. What type of nation is it now when the rich start bickering at each other for not wasting money?