When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Monday, November 14, 2011

Warren Buffett on the deficit: spending has to come down; we overpromised; you deal with finite resources

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CNBC  Nov. 14, 2011 -- Warren Buffett on reducing the deficit  http://goo.gl/5ub5O
spending is going to have to come down. we are a very, very, very rich family. we have $120,000 of gdp per household in this country. it's fabulous. it's six times when i was born. even a rich family can promise too much. in the end, you deal with finite resources. and it's easy to promise. and can you overpromise. and we overpromised. that's why i feel terrible, frankly, for people that will find promises modified and/or broken.


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