Warren Buffett on the economy
07-21-2011, 09:16 AM
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Warren Buffett on the economy
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 re-election.
07-22-2011, 05:35 PM
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Yes, the debt doubled on GWB's watch. Not that the next administration has shown any signs of doing better...
http://www.treasurydirect.gov/NP/BPD...application=np
Note that the Federal fiscal year is 10/1 through 9/30. So by the time a president elected in November takes office in late January, we're almost 1/3 through the last budget year passed under the outgoing president.
http://www.treasurydirect.gov/NP/BPD...application=np
Note that the Federal fiscal year is 10/1 through 9/30. So by the time a president elected in November takes office in late January, we're almost 1/3 through the last budget year passed under the outgoing president.
07-23-2011, 10:00 AM
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Yes, the debt doubled on GWB's watch. Not that the next administration has shown any signs of doing better...
http://www.treasurydirect.gov/NP/BPD...application=np
Note that the Federal fiscal year is 10/1 through 9/30. So by the time a president elected in November takes office in late January, we're almost 1/3 through the last budget year passed under the outgoing president.
http://www.treasurydirect.gov/NP/BPD...application=np
Note that the Federal fiscal year is 10/1 through 9/30. So by the time a president elected in November takes office in late January, we're almost 1/3 through the last budget year passed under the outgoing president.
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