Insanely greedy: re Buffett Says U.S. May Need a Second Stimulus Package

Bankrupting the nation and scavenging the rest. Where does the insane stimulus come from and where did California go. They do not deal with real issues which is overspending, job export, too much import, and globalism.

re Killing parks: As the Golden State runs out of money, legislators mull closing 220 parks, Stacey Delo reports.

http://www.marketwatch.com/video/asset/state-parks-on-chopping-block/979D314F-4B0E-43E7-B452-EC4307153991
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Buffett Says U.S. May Need a Second Stimulus Package (Update2)
By Andrew Frye, Betty Liu and Erik Holm

June 24 (Bloomberg) -- Billionaire investor Warren Buffett said the U.S. may need a second economic stimulus package as unemployment is poised to continue rising.

“It looks like we’re going to need more medicine, not less,” Buffett said today in a Bloomberg Television interview. “We’re going to have more unemployment. The recovery really hasn’t got going.” Buffett is chairman and chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc.

President Barack Obama signed a $787 billion stimulus bill in February, which included tax cuts and spending on infrastructure projects intended to save or create 3.5 million jobs. The Federal Reserve, under Chairman Ben S. Bernanke, has doubled its balance sheet to help thaw credit markets. In the first quarter, the U.S. gross domestic product plunged, and Berkshire reported its first loss since 2001.