Buffett: Debt standoff an idiotic waste of time……

Markets Insider/Theron Mohammed/5-27-2023

photo of Warren Buffett“Warren Buffett has dismissed concerns 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.”

USAGOLD note: Hard to disagree with Buffett’s assessment. Putting Wall Street and the rest of the country through this periodic ritual comes off as a childish desire to get attention – political gamesmanship at its worse.

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