On what his plan would be to get the U.S. economy back on its feet: “The plan would get us in the near future to having 18.5% of GDP as revenues and 21% of GDP as expenses. We’ve had that plan basically in effect since World War II. It’s bounced around a little, but those two levels – 18.5% and 21% -- are sustainable in the sense that they will increase the ratio of the national debt to GDP. They’ll run a deficit every year, but because our economy grows, 18.5% and 21% is a very sustainable figure.”
This old fart just used a simple formula ... compounding to make his stupid points.
BUFFETT: But 3 percent growth, if you think about it, 3 percent growth with 1 percent population growth, that means a 40 percent change upward in one generation, in 20 years, to the—to the standard of living. That's a pretty lofty goal. We've hit it sometimes in the past, but even at 2 percent growth, with 1 percent growth in population, the next generation lives 20 percent per capita better than the present generation, which is pretty remarkable. And what I suggest will work even with 2 percent growth. Obviously, the more growth you get, you know, the easier the problems become.
发表于 2012-11-29 00:44
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发表于 2012-11-29 00:51
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发表于 2012-11-29 11:08
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