Buffett: 1% Growth is Enough

Warren Buffett, a trusted advisor to Obama, seems to believe that 1% growth would be just fine for the U.S. economy. At a recent symposium, Buffett said:

"Even if we grow at 1 percent per year, we double the GDP per capita in 75 years. The pie will grow enough that everyone will get more of the pie."

I suppose if that's the bogey, then taxing everyone into oblivion should be ok. Way to shoot for the stars, Warren.