Buffett's Turn Around On Government Spending
By sierras236
@sierras236 (2739)
United States
January 18, 2012 1:30pm CST
You would think Warren Buffet who has some business sense would have seen the light. But it is better late than never.
Apparently, the paying down debt idea started with a Republican Congressman. Last year, he specified funds specifically for the purpose of paying down the debt. Kudos, to Virgina's Scott Rigell. Clearly, he was ahead of the game on this one.
But it is Warren Buffett's letter to the Congress that is the most telling. In it, he apparently saying that a reduction in spending is necessary.
PS. Link is NOT from FOX News but CNN.
http://finance.fortune.cnn.com/2012/01/18/warren-buffett-scott-rigell-match/?section=magazines_fortune
1 response
@sweetokole (35)
• United States
22 Jan 12
I think that it is pretty obvious to see that spending needs to reeled in by governments all around the world. Greece has way overspent and are unwilling to cut their spending, which could mean the end of the Euro Zone as we know it.
The only way to cut spending is to cut government programs. Unfortunately, government programs, once started, are difficult to end. There are always parties that are hurt by the ending of a program, no matter if the program is very inefficient.
I am glad that Mr. Buffet has seen some of the light.
