Warren Buffet has decided to put his money where his big mouth is and offer to match donations to the national debt made by Republican congressmen $1 to $1. With the exception of Senate Minority Leader Mitch McConnell, whom he’ll match $3 to $1.
The challenge comes after many months of back and forth on solving (or even slightly slowing) our nations’s debt problem, with most Republicans looking for cuts in the national spending and Democrats pushing for greater revenue—largely from raising taxes on the American wealthy.
In reality, if members of Congress donated the entirety of their salaries to the national debt and Buffet threw in his whole fortune—an estimated $47 billion—the combined sum would hardly take care of 10 percent of what the U.S. pays annually in interest alone. Not even a debt band-aid.
