Quote:
Originally Posted by spence
That he has constructive criticism doesn't negate his pretty consistent support...
-spence
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I don't know what Buffet consistently supports. Sometimes he seems to be all over the place. When he says that Obamacare does not address the cost problem (which is the real problem and for which the gvt. shares a great deal of responsibility) that is not just constructive criticism. That is outright saying that it does not solve the problem which it purports to solve. He seems to support "something" being done rather than the "status quo." His "support" for Obamacare is that it is "something" but not the answer. That it is "a step in the right direction" but not the answer.
What he has said about how to stay out of debt includes:
Avoid credit cards, save, don't constantly be behind the game or you'll never get out of debt. (The federal gvt. has its own credit card in selling securities, etc. and seems to constantly be behind the game and never able to get out of debt.)
Pay off debt as soon as possible and incur as little as you can. (The federal gvt. seems to have a "plan" of paying off debt in perpetuity by constantly getting deeper in debt without a care as to when or how [except by borrowing even more] the debt will be payed.)
Produce wealth by entrepreneurs rather than by gvt. edict. (So all these mandates by central gvt. to stimulate or grow the "economy" might not be the best way? Or anyway? Or counterproductive? Of course, investors like Buffet will always enhance their personal wealth by taking advantage of various regulations.)
Above all, integrity and discipline. (Hmmm. Politicians/integrity? Government spending and discipline? Not.)