Did You Know...

   

Warren Buffett: I Could End the Deficit in 5 Minutes

Share
By Doug Powers  •  July 8, 2011 02:21 PM

**Written by Doug Powers

Billionaire Obama supporter Warren Buffett weighed in about deficit reduction with a hypothetical plan:

“I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.”

I like it, Mr. Buffett, but you might have more than a little trouble getting both chambers of Congress to pass a law that castrates their power and would ultimately send them looking for private sector work in this economy.

Buffett also added:

“We will pay our debts in the end,” Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., said in a Bloomberg Television interview on “In the Loop” with Betty Liu from an Allen & Co. sponsored conference in Sun Valley, Idaho. “Our credit is good. It’s not like if we don’t pay we can’t pay. We have the right to print our own money. The U.S. is a very special place.”

We also have the right to drive rusty nails into our necks, but that doesn’t make it a good idea.

(h/t The Big Picture by way of My Investing Notebook)

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus

Does the AP style book say ‘lying’ is spelled ‘misstated key facts’ when the story is about Hillary?

May 27, 2016 03:19 PM by Doug Powers

hillary

Misstating reality

Harry Reid given the retirement salute he so richly deserves, courtesy of Sen. Tom Cotton

May 26, 2016 08:40 PM by Doug Powers

wrestling

Slammed

Hillary hopes State Dept. changes procedures so future secretaries can’t hide secret servers & mass delete emails

May 25, 2016 09:36 PM by Doug Powers

hillaryshrug

Because they care

What a pal! Clinton crony Terry McAuliffe attracts FBI’s attention so Hillary doesn’t feel unfairly singled out

May 25, 2016 07:29 AM by Doug Powers

hillarymcauliffe

Cronies under investigation together stay together

Welcome to the bureaucratic Magic Kingdom: Looks like some ‘wait times’ are more acceptable than others

May 24, 2016 01:21 PM by Doug Powers

veterans

TSA security chief ousted, VA chief talks Disney


Categories: Health care, Politics, Public Officials

Follow me on Twitter Follow me on Facebook