Tuesday, May 7, 2013

Gates: Wealthy Should Pay More to Help Reduce Deficit

Inquiring minds want to know... what’s Bill been smoking?  Microsoft co-founder Bill Gates said the wealthy should pay more as the U.S. continues to grapple with how to rein in its budget deficit.

Later, Gates, the world’s second richest man and co- chairman of The Bill and Melinda Gates Foundation, said the U.S. is compromising its “values” in its approach to slashing federal spending.
The automatic spending cuts, known as sequestration, that took effect earlier this year target discretionary spending programs including education, infrastructure and research, which Gates said he finds worrisome.

“The sequester, I don’t think reflects our values,” he said. “There will have to be a discussion about funding the future….”

No comments:

Post a Comment