“Somebody's buying these treasury bills at 1/20th of one percent. I mean we consuming about $2 billion a day of goods and services beyond what we're producing.And it reflects American's consumption ideas rather than its savings ideas.” MeanIdeasPercentBillsBillionsSavingBuyingGoodsConsumptionSavingsConsumingTreasuryGoods And ServicesTreasury Bill Author:Howard Warren Buffett
“Beginning in June, Alabama seniors previously without prescription drug coverage should begin to see savings of between 10 and 25 percent on their medications.” ShouldDrugPercentSavingSeniorJuneSavingsCoveragePrescriptionsMedicationAlabamaPrescription Drugs Author:Mike Rogers
“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.” WayYearsRealSeemsInterestDifferencesPayEconomicPeriodsTaxesPercentAccountsIncomeSavingZeroInflationSavingsOutrageousWidowsIncome Tax Author:Warren Buffett
“By electrifying our lives, we reduce our energy costs by 39 percent, which is a huge savings in itself.” EnergyOur LivesHugeCostPercentSavingSavings Author:Mark Ruffalo
“he economy favors throughput over quality and craftsmanship, and economists are terrified because the American savings rate has crept upward from about zero to almost five percent. But the mortgage crisis and the burgeoning credit card crisis are causing Americans to become wary of irresponsible debt.” QualityEconomyFivePercentCrisisRateCreditDebtFavorsCardsSavingZeroTerrifiedEconomistSavingsIrresponsibleMortgageCredit CardCraftsmanshipMortgage Crisis Author:Denis Hayes
“Gamblers spend 10 percent less on food; 25 percent less on clothing and 35 percent less on savings” PercentSavingGamblingClothingsSavings Author:John Warren Kindt
“Thirty-seven percent of gamblers dip into their savings to fulfill their habit” HabitPercentSevenSavingThirtyGamblingSavingsDip Author:John Warren Kindt
“If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.” IfsMeanEconomicHigherActivityLimitsTaxesPercentGainsHarderDollarsInvestmentRateInvestingIncomeSavingExtrasProductiveWealthyContrastConsumptionTaxpayersSavingsDiscouragingIncome TaxSavings And Investment Author:Robert H. Frank
“We can't get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can't just do it by making seniors pay more for Medicare.” NeedsPayEducationCuttingResearchPercentMedicalWeatherSavingBudgetsSeniorFundingSavingsJust Do ItMedicareInspectorsMedical ResearchEducation Funding Author:Barack Obama