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

Damn it feels good to be a Clinton: Ted Cruz ad offers a glimpse behind the Office Space at Hillary HQ

February 12, 2016 03:20 PM by Doug Powers

hillarynotfunny

The FBI would also like to have a chat about her server’s flair

Shades of Grayson: How big of a hypocritical weasel do you have to be for Harry Reid to call you ‘disgraceful’?

February 12, 2016 01:24 PM by Doug Powers

clintonreid1

Grayson makes the needle spin clean off Reid’s trusty “moral compass”

‘Careful what you ask for,’ socialist-style: NH delegate count gives Bernie Sanders his dream of ‘fairness’

February 11, 2016 07:47 AM by Doug Powers

hillarybernie

There seems to be some sort of lesson here

While the focus was on New Hampshire, SCOTUS knocked the teeth out of Obama’s Clean Power Plan

February 10, 2016 07:58 AM by Doug Powers

obamaskyrocket

Necessary skyrocketing of energy prices put on hold

NH watch: Optimistic Sanders supporters sing about having ‘somebody to lean on’ (a primary open thread); Updated

February 9, 2016 09:29 AM by Doug Powers

sanderssing

Lean on Me Them


Categories: Politics, Corruption, Democrats, GOP, 2016 Campaign

Follow me on Twitter Follow me on Facebook