Daily Archives: September 2, 2011

Hypocrite Warren Buffett owes $1 billion in back taxes

Billionaire investor Warren Buffett triggered a major debate over taxes recently when he wrote in The New York Times that he should be paying more to the federal government. He called on Washington lawmakers to up tax rates on the rich.

But it turns out that Buffett’s own company, Berkshire Hathaway, has had every opportunity to pay more taxes over the last decade. Instead, it’s been mired in a protracted legal battle with the Internal Revenue Service over a bill that one analyst estimates may total $1 billion.

Read more on Newsmax.com: Report: Buffett’s Berkshire Owes $1 Billion In Back Taxes

Posted:  09.02.11 @ 4:44 p.m.



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Filed under Financial Crisis, politics, Uncategorized

Obamanomics: Zero new jobs for August, worst since 1945

Can this get any worse?  How will they revise this downward next month?

And we have breaking news:  Obama delays his departure to Camp David by two and a half hours.  What could possibly be the emergency?  Oh, that’s right,  the alleged president is “frustrated”. Maybe he’s out of cigarettes.



Posted:  09.02.11 @ 9:11 a.m.

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Filed under Barack Obama, Financial Crisis, politics