Warren Buffett slammed the last debt-ceiling crisis as stupid waste of time - and called for the government's borrowing limit to be removed
that Congress won't raise the debt ceiling and the federal government will be forced to default on its loans. He went even further during a previous standoff, describing the clash as an idiotic waste of time, and calling for the borrowing limit to be removed entirely.
Buffett argued that a debt limit never made sense in the first place, as America's borrowing capacity increases as it grows. "These games get played, and all the time that gets wasted, and the number of silly statements you hear," he complained about the political gridlock in Washington during that period."It just seems such a waste of time for a country that's got a lot of things to do."
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sen. Dick Durbin on Supreme Court Ethics Reform, Reaching a Debt Ceiling DealU.S. Sen. Dick Durbin joined “Chicago Tonight” to talk about ethics reforms at the high court, the growing migrant crisis and the possibility that the federal government could default on the national debt.
Read more »
It\u2019s Clear as Day the GOP Does Not Really Care About Debt or the DeficitIt’s Clear as Day the GOP Does Not Really Care About Debt or the Deficit: “If McCarthy wanted to reduce the debt, he could simply pass President Biden’s proposed budget.”
Read more »
Stock market today: AI frenzy pulls Wall Street higher despite DC debt woesA monster financial forecast from one of Wall Street’s most influential stocks is helping to support the market, even as worries worsen about political rancor in Washington.
Read more »
Breakingviews - Debt ceiling crash will have few victims: podcastPresident Joe Biden is trying to hammer out a deal with Republican lawmakers to ensure the United States can keep its lights on. In this Viewsroom podcast, Breakingviews columnists explain how even if the world’s largest economy defaults on its debts the damage will be limited.
Read more »
McCarthy’s Republicans push debt ceiling talks to brink, lawmakers leaving town for weekendA defiant House Speaker Kevin McCarthy said the debt ceiling standoff was “not my fault” as Republican negotiators and the White House failed to finish out talks.
Read more »
McCarthy pretends his own debt ceiling crisis isn’t his faultThe more Kevin McCarthy pretends his own debt ceiling crisis is not his fault, the more we’re reminded of just how wrong the Republican leader is. (via MaddowBlog)
Read more »