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Wednesday, September 16, 2009

Buffett: Deficit Is the Right Thing .. For Now

Given that a consensus of liberal and conservative columnists said we were headed into an economic abyss, maybe a second Great Depression, if the government didn't step in, I'm wondering if many of those complaining about deficit and government intervention would have rather seen us go through that hell instead of being at the beginning of an economic recovery? If the government hadn't stepped in with some drastic measures -- reasonable people can debate whether or not they could have been crafted better -- and we went into the abyss, I would imagine those same folks would have blamed the government for not doing enough. But there is one person who seems to be clear-headed about this whole thing: Warren Buffett.

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