Tim Geithner: “We’re not coming before you to say we have a definitive solution to our long-term problem. What we do know is we don’t like yours.”
"When Obama proposed the [Buffet Rule] he declared it “could raise enough money” to “stabilize our debt and deficits for the next decade.” The Obama Treasury’s own numbers confirm that the tax would raise at most $5 billion a year—or less than 0.5% of the $1.2 trillion fiscal 2012 budget deficit and over the next decade a mere 0.1% of the $45.43 trillion the federal government will spend."
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