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Warren Buffett on CNBC: Congress Owes a Vote on Simpson-Bowles

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They compromised. They got people with as diverse viewpoints as Tom Coburn of Oklahoma, who's a very high grade guy but has differing views than Dick Durbin, who's also a high grade guy from Illinois. And they got them to sign on. Now, having put that effort forth, they came up with a plan. I would like to see that plan voted on.

Warren Buffett: "Alan Simpson and Erskine Bowles, both of whom I know, I mean, they are high grade people. One's a Republican and one's a Democrat. They disagree on some things. You won't find people of greater integrity. They are smart, they worked, I don't know, for 10 or 11 months. They compromised. They got people with as diverse viewpoints as Tom Coburn of Oklahoma, who's a very high grade guy but has differing views than Dick Durbin, who's also a high grade guy from Illinois. And they got them to sign on. Now, having put that effort forth, they came up with a plan. I would like to see that plan voted on. I mean, what was, what was the reason for sending them out, you know, to beat each other's heads for 10, 11 months. They got 11 out of 18 signatures. I understand that Simpson and Bowles are actually taking their recommendations and crafting it into a legislative bill. I heard that a month ago. I don't know whether for sure that that's true. I would hope that that bill just gets presented. Bring it up next month. Let's see how Congress feels about it. If they don't like it, they can come up with something different. But conscientious, smart, decent people worked for months to come up with something. They were— they were chartered to do it, and I think— I think Congress owes them a vote on that."

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Feb 28 2012