Obama told us who his "advisers" were but does he listen?

****Obama specified that Warren Buffett and Paul Volcker were his financial advisers which seemed a good thing because he was remarkably ignorant about economic matters. The question now is whether he listens carefully and with some sophistication, or, does he use advisers like a Chinese menu, taking one bit from Column A and another from Column B without understanding the whole picture? He certainly seems not to have understood that the excuse of a down economy doesn't justify spending on the wrong things ( e.g. the Democratic wish list accumulated over decades )and, above all, even though he got used to using the word "trillion" cavalierly, it doesn't mean that the debt doesn't have enormous consequences.****
Buffett: We're Going to Be Crushed Under Mountain of Debt Aug 19, 2009 by Henry Blodget
A highly influential American has finally hit the panic button about the tremendous mountain of debt the country is piling up.
Last year, Warren Buffett says, we were justified in using any means necessary to stave off another Great Depression. Now that the economy is beginning to recover, however, we need to curtail our out-of-control spending, or we'll destroy the value of the dollar and many Americans' life savings. Some not-so-fun facts from Buffett's editorial today in the New York Times:
Congress is now spending 185% of what it takes in
Our deficit is a post WWII record of 13% of GDP
Our debt is growing by 1% a month
We are borrowing $1.8 trillion a year
$1.8 trillion is a lot of money. Even if the Chinese lend us $400 billion a year and Americans save a remarkable $500 billion and lend it to the government, we'll still need another $900 billion.
So, where's it going to come from? Most likely the printing press. And, ultimately, Buffett says, that will destroy the value of the dollar.