Submitted by letsgetitdone on Wed, 11/28/2012 - 12:07am
Warren Buffett's recent op-ed in the New York Times is making a stir because it calls for a minimum tax on high incomes above $One million annually. But I was much more interested in some deficit targeting he proposes which exposes his ignorance about the sectoral financial balances model of macro-economics, and reveals him as a deficit hawk whose advice, if followed would be unsustainable and lead the United States into another deep recession. I'll comment on a couple of paragraphs in Buffett's op-ed. Read below the fold...
Submitted by DCblogger on Tue, 11/27/2012 - 2:37pm
Submitted by DCblogger on Sat, 12/12/2009 - 8:46am
Submitted by DCblogger on Fri, 09/04/2009 - 12:54pm
I turned to page A2, and there was a classically cynical Dana Milbank column, trashing a Democratic member's press conference on health care and talking about Democrats trying, "to pick up the pieces of the shattered health care bill."
FAIR.org: The corporate ties between insurers and media companies
At the Washington Post Co., two directors are on the board of insurance conglomerate Berkshire-Hathaway, whose subsidiary General Re sells health reinsurance. In fact, Washington Post director Warren Buffet not only chairs Berkshire-Hathaway’s board, he is the company’s CEO. Read below the fold...