Bill,
I'm not ashamed to admit I've been a big Buffet fan since way back when. I read his biography while moonlighting as a resident. I had, for the 1st time, a little money to save and wanted to learn something about investing. I always thought his value approach made a great deal of sense. Needless to say I don't have his touch, or I wouldn't be headed off to the hospital to work tomorrow.
In today's op-ed piece in the Times, Buffet proposes targets for Federal revenue and spending at 18.5 and 21 per cent respectively. As he notes, that doesn't entirely close the deficit, but it's a significant improvement from the current gap between 15.5 and 22.4%. I doubt those are numbers that will set your heart aflutter, but they'd certainly be a move in the right direction.
Eli
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