Warren Buffett who knows

Warren Buffett, who knows a thing or two about investing, comes out against the phase-out (see last item) along with Berkshire Hathaway Vice Chairman Charles Munger, “a self-described right-wing Republican” who thinks “Republicans are out of their cotton-picking minds on this issue.” It’s not entirely clear if he thinks Republicans are insance because their plan is so bad on the merits, insane because their plan is so politically self-destructive, or insane because it’s simply absurd to be having a national conversation about restoring “solvency” to the federal government’s best-financed element. Perhaps it’s all three!