The point seems to be that Buffett thinks the United States needs to take radical steps, and undergo some pain in the short run, to ensure the longer-term health of the economy. Perhaps there are other solutions that make more sense than mine, ... However, wishful thinking -- and its usual companion, thumb sucking -- is not among them.
More Quotes from Warren Buffett:We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic.'
Derivatives are financial weapons of mass destruction.
If a business does well, the stock eventually follows.
I always knew I was going to be rich. I don't think I ever doubted it for a minute.
The first rule is not to lose. The second rule is not to forget the first rule.
The war on terrorism can never be won.
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And the things that come to those that wait may be the things left by those that got there first.
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