Tuesday, August 9, 2011

Ending the Deficit

Warren Buffett presented his quick and easy solution to Americas debt problem today on CNBC:

“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.”

3 comments:

RMoney said...

He actually said it a few days ago on CNBC

Manish Vaidya said...

Deficit will stay the same. Congress will immediately pass legislation redefining how GDP is calculated!

DZ said...

I try to submit the Business Plan for the but don't get your e-mail address, so I am place a summary here and hope to get response soon

• This is a solar energy project, solar thermal is the most cost-effective way to use solar energy while it has been overlooked for many years.
• Market capacity: thousands of Billion;
• Target market: every home and business involving hot water usage;
• Competitors barrier: Patent granted, PCT search ready to enter all PCT countries;
• Proprietary technology: Retrofitting all existing gas/electrical water heater into solar water heater with the installed cost of 50% market/competitors' price; all glass vacuum tube technology -- none manufacturing competitors in North America;
• Unique business module: Zero front cost for customers, 20-30% rebate from state level incentives, loan or lease the rest system cost to customers with 3 or 5 years payment plan; customer still qualify for the 30% tax incentive from Federal; or customer pay around $30-50 in addition to their normal monthly gas/electrical water heating bill for about one and half year.

Look forward to hearing from you soon.
dzheng@sea-groups.com