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.
Wide diversification is only required when investors do not understand what they are doing.
It's only when the tide goes out that you learn who has been swimming naked.
It's never paid to bet against America. We come through things, but its not always a smooth ride.
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.
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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