Stat of the day: $1

The amount Warren Buffett has vowed to donate to paying down the US national debt for every dollar similarly donated by a Republican in Congress.

by Emma Haslett
Last Updated: 09 Oct 2013
Is it us, or has billionaire investor Warren Buffett become decidedly cheeky in his old age? The ‘Sage of Omaha’ has vowed to match any donations to paying off the US national debt made by Republican members of Congress, dollar for dollar. Well – except for one Republican in particular: for every dollar donated by Senate Minority leader Mitch McConnell, Buffett says he’ll donate $3.

This all came about after Buffett wrote a column for the New York Times in August, saying the rich should pay more tax. McConnell pointed out that, if Buffett felt ‘guilty’ about it, perhaps he should send in a cheque – which was hastily followed by a new bill giving taxpayers the option to make ‘voluntary donations’.

Apparently, Buffett was delighted by it. ‘It restores my faith in human nature to think that there are people who have been around Washington all this time and are not yet so cynical as to think that can’t be solved by voluntary contributions,’ he told Time magazine.

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