Warren Buffett’s Financial Plan To Eliminate America’s Debt

Buffett stated, “I could end the deficit in five 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.” 

I think this would be a great plan.

See: https://www.yahoo.com/finance/news/warren-buffett-financial-plan-eliminate-200013178.html

Or you could just raise taxes to 92%....or even more! 

I think the "all sitting members of congress are ineligible for reelection.”  by itself is a good plan.

Step 1: Declare a state of emergency

Step 2: Never reinstate the law

Debt is just one of those human things.

A bit like expediency.

Or instead of being snarky, you can actually implement my tax and spending plan to get us out of debt.

The way things work is,

That stuff has a corresponding value.

If it didn't,

Then debt wouldn't occur.

But that isn't how things work.

And people like to have stuff.

Debt is make believe,

And occurs because,

We make believe that it does.

There is another option,

But that would necessitate human cooperation.

Can you imagine that.

Best move to Liechtenstein or Niue, 

If debt troubles you.

33 Trillion,

Now who did you borrow that from?

Not accurate.  If you believe this, then I would like to loan $100K from you and never have to pay it back.

You've changed the subject

I thought you were referring to National debt.

Who does the USA owe 33 trillion?

Because every Nation bar two, has a national debt.

I was.  The National debt is not make believe.

For sure, as a part of a system of global control.

So as you haven't answered my previous question concerning the lender.

Answer me this...Who will call in the debt or seize U.S. assets?

The highest debt obtained by any country will cause the world to reject the dollar as the world currency. It will be replaced by the yuan.

This will be Trump's largest bankruptcy. I'm voting for Trump in 2024. This will wipe out the Republican Party.

The republican party is already wiped out. It's the maga party now.

I think you mean the MCGA party.      Make China Great Again!

We could learn a lot from China. China's yuan is backed by national commodities, not global commodities. One of these is more secure.

Hopefully the new MAGA party can fix the problem soon.

Whoever happens to own it; and there are many owners of the debt.

If the debt is no big deal, then I guess taxes can be 0, spending can be doubled, and it's all funded by going deeper into debt.

This is crazy because the debt is a big deal.

Do you agree that Trump should drop the top tax rate to 10 percent. He said that at one of his rallies.

Can you see why Eisenhower had a 92 percent top tax rate to keep the USA from going into bankruptcy?

I am kind of upset he stopped at 92%...he should have gone to 100%

I'm so glad that researchers 500 years from now will be reviewing these posts to see who destroyed the USA.

As a good thing of course. 100% Taxation is the ideal society.

Well, in 5 years a roll of toilet paper will cost you $10,000, but for me it will only be 3 Yuan.

That's still an improvement over the 92% tax rate.

So who owns it?

Who lends it?

Aka ...' advanced progress '.... moving on up..... to infinity and beyond......

Cheapest { poor quality } then throw it away in dump culture of expediency. Good call Zed.

...""Upuntil 1500 BC, all money was cattle, lambs, goats or pigs – live moneythat was real life-support wealth, wealth you could actually eat. Steers were by far the biggest food animal and so they were the highestdenomination of money.  The Phoenicians carried their cattle withthem for trading but these big creatures proved to very cumbersome on longvoyages.  This was the time when Crete was the headquarters of thebig-boat people and their new supreme weapon – the lines-of-supply-controlship.  Crete was called the Minoan civilization, the bull civilization,worshippers of the male fertility god."...

...." For numismatists, “Celtic” means a vast category of ancient coinage ranging across much of Europe from the fourth to the first century BCE. Between 58 and 50 BCE, Julius Caesar’s Roman legions conquered the Celtic peoples of Gaul in a brutal war. The spoils of that war financed Caesar’s eventual rise to dictatorship. One result is that the French today speak a language derived from Latin rather than Celtic.
Celtic tribes consisted of a warrior elite, with a priestly class (Druids), an artisan class (the metal-smiths, who made weapons and feasting vessels that were highly valued), and a mass of slaves. The Greek writer Poseidonius of Apameia (c. 135 – 51 BCE) observed that:

…Italian merchants look on the Gallic love of wine as their own godsend… they receive in return for it an incredibly large price: for one amphora of wine they receive in return a slave (Nash, 82).

....Like Romans, Gaulish peoples adopted coinage from the Greeks with whom they traded. Dozens of different tribes issued coins in gold, silver, bronze, and potin[1] (an alloy of copper, tin, and lead). Dating the coins and attributing them to specific tribes is often uncertain. There are hundreds of different types issued over a period of three centuries and a brief survey like this can only illustrate a few examples. Often based on Greek or Roman designs, these coins expressed a creative artistic sensibility and are avidly collected today."...

Still cannot see the name Buffett without conjuring up images of people stood around a table holding paper plates and napkins, uncertain of what to do with the glass of wine.