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The Buffett Plan, an alternative to TTP

The Buffett Plan, an alternative to TTP

(10:22) Stop digging. US congressman Alan Grayson explains how free trade is actually fake trade, and introduces Warren Buffett's plan to reduce America's trade deficit.

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Guest: (924 days ago)

What a load of crap. Warren Buffet has an idea to charge for certificates to all importers but there is no difference between that and tariff taxes.

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What a load of crap. Warren Buffet has an idea to charge for certificates to all importers but there is no difference between that and tariff taxes.

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WalterEgo WalterEgo (924 days ago)

Warren Buffett: "I could end the deficit in five minutes. You just pass a law that says that any time there's a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election. Yeah, yeah, now you've got the incentives in the right place, right?" LINK

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Warren Buffett: "I could end the deficit in five minutes. You just pass a law that says that any time there's a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election. Yeah, yeah, now you've got the incentives in the right place, right?" LINK

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Guest: (924 days ago)

Change that to an annual deficit of more than what they collect in taxes and then I would agree. The problem with the GDP and Total Deficit is you will have people elected into congress where the problem already exists and it could take too long to fix so nobody would ever be reelected and that's not fair. Let them be accountable for what happens during their own term.

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Change that to an annual deficit of more than what they collect in taxes and then I would agree. The problem with the GDP and Total Deficit is you will have people elected into congress where the problem already exists and it could take too long to fix so nobody would ever be reelected and that's not fair. Let them be accountable for what happens during their own term.

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Casey Casey (923 days ago)
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That would imply govt. spending is responsible for the deficit, surely not!!! Sarcasm ends. The hypocrisy of Buffet whose company benefited tremendously from the bailouts...however term limits are a good idea, no more career politicians.

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That would imply govt. spending is responsible for the deficit, surely not!!! Sarcasm ends. The hypocrisy of Buffet whose company benefited tremendously from the bailouts...however term limits are a good idea, no more career politicians.

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