Warren Buffett: Scrap Obamacare and Start Over

You know things are bad for President Obama when even Warren Buffett has soured on Obamacare and says that "we need something else." Money Morning writes:

"Healthcare costs in the United States are like a tapeworm eating at our economic body." Those words come from famed investor Warren Buffett, who said he would scrap Obamacare and start all over. "We have a health system that, in terms of costs, is really out of control," he added. "And if you take this line and you project what has been happening into the future, we will get less and less competitive. So we need something else." Read more at Weekly Standard Blog...

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Buffett: I could end the deficit in 5 minutes

“I could end the deficit in 5 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.” --Warren Buffett

Doug Powers at Michelle Malkin writes,

I like it, Mr. Buffett, but you might have more than a little trouble getting both chambers of Congress to pass a law that castrates their power and would ultimately send them looking for private sector work in this economy.

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