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Warren Buffett with Senators Simpson and Bowles on Fiscal Cliff and Solutions to U.S. Debt Reduction

July 12, 2012 | About: BRK.B +0% BRK.A +0%
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Dheeraj Grover

Dheeraj Grover

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"Everyone knows we need something done, and they did their job and Congress has not done its job," says Warren Buffett, Berkshire Hathaway CEO, commenting on the Simpson-Bowles plan to reduce the federal deficit, with former Sen. Alan Simpson, (R-WY), and Erskine Bowles, former chief of staff to President Clinton. "Deficit solutions are painful, but there's no other way out," explains Sen. Simpson.

Here is the video:



Video 2: Buffett, Simpson & Bowles on Debt Reduction (Solution to the problem)



Video 3: Going Over Fiscal Cliff Could Trigger Recession



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About the author:

I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

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