We've used up a lot of bullets. And we talk about stimulus. But the truth is, we're running a federal deficit that's 9 percent of GDP. That is stimulative as all get out. It's more stimulative than any policy we've followed since World War II.
More Quotes from Warren Buffett:
If something is not worth doing at all, its not worth doing well.Warren Buffett
Wide diversification is only required when investors do not understand what they are doing.
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It's only when the tide goes out that you learn who has been swimming naked.
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It's never paid to bet against America. We come through things, but its not always a smooth ride.
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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.
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You only have to do a very few things right in your life so long as you don't do too many things wrong.
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Based on Topics: Truth QuotesBased on Keywords: gdp, stimulative
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