Jul 20, 2011

Warren Buffett on the debt ceiling

It doesn't really make any sense. The way to limit debt is to take in revenues in relation to your expenditures, and to have this artificial limit, which always gets raised in the end, disrupt the activities in an important way in Congress periodically, is a waste of Congress's time.

~Warren Buffett, the Oracle of Omaha, CNBC interview, July 18, 2011

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