Warren Buffett on trade deficits. Please explain what is wrong with Warren’s analysis.

I think we can all agree on a few things: We have $36 trillion of national debt growing at a rapid rate, that must be refinanced and issued at a materially higher interest rate as our bonds come due and as new funds are needed. We had a $1.8 trillion deficit in fiscal 2024. There is an enormous amount of fraud, waste, and inappropriate spending in our government budget. It is illegal and/or otherwise should not be permitted for our government to fund activities that it cannot do directly through NGOs and other non-profits. @elonmusk has a proven ability to takeover dysfunctional organizations and turn them into highly functioning ones while massively reducing wasteful overhead and other spending. See Twitter. @realDonaldTrump won the election with a mandate for eliminating wasteful government spending and ending regulations that interfere with our country’s progress. President Trump announced during his campaign that Elon would be appointed to oversee @DOGE. In other words, the American people voted for and signed up for DOGE and Elon as its leader. We are extremely fortunate to have one of our greatest business leaders and entrepreneurs devote a considerable amount of his limited time for free to help our country. We are extremely fortunate that some of our most talented young people have signed on to help DOGE succeed. DOGE is just getting started and has already identified a massive amount of waste and likely fraud, and has begun cutting a material amount of costs. It is axiomatic that those who are beneficiaries of waste, fraud and unnecessary government spending will be the most threatened by the cuts that DOGE is making in these programs. These beneficiaries of waste and fraud are also extremely worried about the reputational, legal and potential criminal risk they will suffer by being exposed by DOGE. The beneficiaries of government waste, fraud and inappropriate spending will protest loudly and state false reasons for why DOGE must be stopped because their careers and livelihoods are threatened and put at risk by DOGE’s success. I have seen this movie many times before, but in the corporate world. The president has stated clearly that he is overseeing DOGE’s activities and that no important decisions will be made without his consent. Our legal system will ensure that no laws are broken as DOGE executes on its important mission. Other efforts over the last many decades to eliminate government waste and fraud have totally failed. DOGE is our best hope for fixing our fundamentally flawed and highly ineffective bureaucratic system for running our country. Elon and Trump will face enormous pressure and pushback from those who benefit from the current corrupt system. All Americans must therefore make their voices heard loud and clear about how much they support DOGE, Elon and our president’s efforts to help our country. We cannot let DOGE fail as our country is rapidly on the path to insolvency. Let’s not let our country down. Let’s do our part in making sure our Congressmen and Senators know that we are 100% behind the president, Elon and DOGE. It’s the least we can do.