Peter Orzag

``Let’s look at the facts. The projected deficit for 2015 is 4 percent to 5 percent of G.D.P., depending on whose assumptions you use. A sustainable level is more like 3 percent or lower. So we need deficit reduction of 1 percent to 2 percent of G.D.P., or about $200 billion to $400 billion a year by 2015. These figures are uncertain, but they’re the best we have (and they may well turn out to be too optimistic).''

NYT

I admire the Orzags. His father is a top notch mathematical physicist: Steven Orzag. I shared a room at MIT with one of his postdocs; Daniel Meiron. We were sharing Daniel Kleitman's office while he was the chair of the Applied Mathematics Department. I was a postdoc with Hung Cheng.

So when Peter talks, I listen.

Today he wrote an opinion piece in the NYT, linked above.

Putting together what I've learned from Professor Krugman, and this Orzag article. I say: Stop giving money he doesn't want and he doesn't need  to Warren Buffett.

No rocket science.