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Seeing Red: Buffett, Others Clash On Danger Posed by U.S. Debt
The economic future is good, Warren Buffett says before a screening of "I.O.U.S.A."
(By Nati Harnik -- Associated Press)
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"It's a very bad idea to privatize Social Security," he said. "It introduces risk into a safety-net system, it is enormously expensive to do and it isn't necessary. We can sit down right now and fix it and make Social Security solvent."
Peterson advocated what he called "provocative" ideas, such as requiring Americans to save 2 to 3 percent of their income, and cited similar mandatory programs in countries such as Australia and New Zealand.
Walker proposes a bipartisan commission that would reform government entitlement programs, particularly Medicare and Medicaid.
After the town hall session, Meredith Efken, 33, a novelist and fiction editor who was in the audience, gave Buffett a skeptical eye.
"I thought Warren seemed a little too rosy," she said. "I appreciate his encouragement, but I think if I hadn't seen the movie and just listened to him, I would think I could ignore the problem a little longer."
"I.O.U.S.A." is now playing in limited release in 12 U.S. cities, including Washington. A book based on the film is due out in September and the DVD is scheduled for fall release.
