Does anyone agree with Warren Buffet on how to end the debt ceiling in 5 minutes?
In a recent interview he said that we could end the debt ceiling in less than 5 minutes by making it so if there's a deficit of more than 3%, all sitting members of congress are ineligible for re-election.
I personally think when Buffet said "5 minutes" he didn't literally mean five minutes. He is just trying to say it's not as difficult as Washington is making it out to be.
by SparklingJewel 13 years ago
Warren Buffett, "I could end the deficit in 5 minutes," he told CNBC."You just pass a law that says that anytime there is a deficit of more than 3% of GDP, allsitting members of Congress are ineligible for re-election. The 26thamendment (granting the right to vote for 18 year-olds)...
by thecounterpunch 16 years ago
This is the testimony of Martin Armstrong a well-reknowned hedge fund manager: "At the start of the silver manipulation I was flat. I had taken all profits and closed out all short positions. Silver was trading around $4.29 when PhiBro walked across the ring and handed to my broker an order to...
by Ralph Deeds 14 years ago
Let me remind you why I’m writing. Just over two years ago, in September 2008, our country faced an economic meltdown. Fannie Mae and Freddie Mac, the pillars that supported our mortgage system, had been forced into conservatorship. Several of our largest commercial banks were teetering. One of...
by lady_love158 13 years ago
http://www.speaker.gov/blog/?postid=240654We need to cut trillions not billions and unless we do we should not raise the debt ceiling! Obama is spending 4 trillion dollars a year even though historically revenues don't exceed more than 20% of GDP which for now is less than 3 trillion. That means we...
by ga anderson 12 years ago
Found this on my Facebook wall - So I don't take credit for putting it out there.But... as a basic concept - sounds like a good starting point to meHere is what he supposedly said..."Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:"I...
by Credence2 2 years ago
I stumbled upon a recent article the excerpt of it is below:The former chair of the Republican National Committee (RNC) has a blistering response to Rep. Marjorie Taylor Greene's, R-Ga., recent remarks about debt.According to HuffPost, Michael Steele was not pleased with Greene's adamant pushback...
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