Buffet says he knows how to end the deficit in 5 minutes.

[Hobie]

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 reelection.

http://www.ritholtz.com/blog/2011/07/warren-buffett-i-could-end-the-deficit-in-5-minutes/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+%28The+Big+Picture%29/?

[LANTIRN]

Congress is just as likely to pass that law as they are to invoke term limits on themselves.

[Denny]

How about no budget being passed that exceeds revenue?

Fix it before it's a problem.

[Sean88gt]

How about no budget being passed that exceeds revenue?

Fix it before it's a problem.

Cap it at 90% and put the other 10% towards paying off debt.

[Denny]

Cap it at 90% and put the other 10% towards paying off debt.

Pay it off with the blood of Congress' heaviest spenders.

[SMEGMA STENCH]

Pay it off with the blood of Congress' heaviest spenders.

Yeah I kinda wish we still did stuff like they did in ancient times. Someone pissed off the people? A lynch mob goes and gets them and hangs them without trial. Mob disperses.

[LANTIRN]

Yeah I kinda wish we still did stuff like they did in ancient times. Someone pissed off the people? A lynch mob goes and gets them and hangs them without trial. Mob disperses.

That is not what happens in a REPUBLIC, and is exactly what the founders were trying to avoid. That is why we are not a Democracy.

[big_tiger]

http://www.ritholtz.com/blog/2011/07...g+Picture%29/?

That would make politicians have performance based jobs, lol never going to happen.

That is not what happens in a REPUBLIC, and is exactly what the founders were trying to avoid. That is why we are not a Democracy.

Let's not forget that.

[slow99]

Buffett

[FastFox]

Defecit and Congress

I have a better idea. Instead of not being able to run, fire them on the spot. That is how a company would do it. By the way, didn't Buffet, Gates, and the Apple guy all support Barry ? Figure that out. It's the old "Brother In Law" deal.

[BP]

Buffet is rumored to be buying Pep Boys next, he knows a screwed up company that'd make an absolute killing with better management when he sees it.

[Broncojohnny]

Buffet is rumored to be buying Pep Boys next, he knows a screwed up company that'd make an absolute killing with better management when he sees it.

I'd be shocked if he did.

[Denny]

Many people are retreating to USD, thus, the rise in the dollar index the last couple of days. Why? Fuck if I know.

I still think we'll see a pop in stocks before the year is over.

[jdgregory84]

Jews for congress!

[Broncojohnny]

Many people are retreating to USD, thus, the rise in the dollar index the last couple of days. Why? Fuck if I know.

I still think we'll see a pop in stocks before the year is over.

Equities will go up during earnings season, this reporting period that just started included. Which makes sense, corporate profits are just fine and the market is well below where it should be historically for that level of earnings.

People are coming to the dollar because there is nothing else. I have been saying it all along. Even if the Fed does a QE3 the dollar will be fine, it won't be worth shit compared to other currencies but why do I care when everything I have is only priced in dollars? Also when every company I own can raise prices to adjust for inflation and passes those earnings on to me? I don't care. In fact I want a weak dollar right now so that it makes sense to bring manufacturing back home. It also makes international companies I own, like Coca Cola have fantastic earnings from their foreign sales.