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May 04, 2005

Warren Buffett and Charles Munger on Social Security

More opponents of Bush's Social Security "plans":

Bloomberg.com: Top Worldwide: Social Security: [Warren] Buffett and [Charles] Munger also told shareholders of [Berkshire-Hathaway that] they oppose U.S. President George W. Bush's plan to allow privatization of Social Security because the government has a duty to take care of the country's elderly. "The Republicans are out of their cotton-picking minds on this issue," said Munger, a self-described right-wing Republican. Social Security is "one of the most successful things that the government has ever done."

Posted by DeLong at May 4, 2005 11:38 AM