oracle of omaha photoWarren Buffett was on Charlie Rose last night, after his “infamous” op-ed in the NYT yesterday. The interview clarifed some of the comments Buffett made in his op-ed. Additionally, Warren Buffett called for lower Govt. spending as percentage of  20-21%, far below the current level of ~25%. This might seem small but when we are discussing a budget of trillions of dollars, this is a massive difference. Buffett also called for taxes as % of gdp to average 18-19%, far lower than the rate reached under President Bush in 2006 and 207, where it was 27%!

Full video below:

If I get time I will do a transcription on this and on James Grant from Saturday.