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Not lifting U.S. debt ceiling would be ‘dumb’: Buffett
Reuters ^ | Fri Sep 20, 2013 6:37am EDT | Luciana Lopez

Posted on 09/20/2013 11:43:39 AM PDT by Olog-hai

Billionaire investor Warren Buffett said that politicians not lifting the U.S. debt ceiling would be “pretty damn dumb” and viewed a prolonged political standoff on the issue as “disturbing.”

“The market is not going to fall apart,” Buffett said in an interview aired on CNBC on Friday, because markets will only expect politicians to act irrationally for a certain length of time.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: District of Columbia
KEYWORDS: cronycapitalist; debtceiling; obama; warrenbuffett
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Oh, he says such funny things.
1 posted on 09/20/2013 11:43:39 AM PDT by Olog-hai
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To: Olog-hai

Buffet to rubes: “Borrow Cubic Cash and Send it to Me”


2 posted on 09/20/2013 11:44:34 AM PDT by Regulator
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To: Olog-hai

All Buffet cares about is garnering more money. He is one greedy bastard.


3 posted on 09/20/2013 11:44:47 AM PDT by ThomasMore (Islam is the Whore of Babylon!)
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To: Olog-hai

It might get ugly, but somebody has to say no at some point.


4 posted on 09/20/2013 11:45:43 AM PDT by DonaldC (A nation cannot stand in the absence of religious principle.)
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To: Olog-hai

Isn’t Buffet supposed to be such a great negotiator and general business genius? I guess crony capitalist really is a better description.


5 posted on 09/20/2013 11:46:41 AM PDT by Menehune56 ("Let them hate so long as they fear" (Oderint Dum Metuant), Lucius Accius (170 BC - 86 BC))
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To: Olog-hai
Grandpa Warren, the ultimate crony capitalist, is flapping his dentures again.

Not advisable to take what he says at face value.

6 posted on 09/20/2013 11:48:31 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: Olog-hai

Fat, old Obama bootlicker.


7 posted on 09/20/2013 11:48:36 AM PDT by Huskrrrr
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To: ThomasMore

I have to wonder if he also cares about destroying the value of said money too—even to the point of utter destruction. One can invest in another currency, but one would also know which way to bet in advance. The value of gold and other precious metals/materials can fluctuate too.


8 posted on 09/20/2013 11:49:55 AM PDT by Olog-hai
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To: Olog-hai; All
you know what's dumb?? a rich person preaching that the rich should pay higher taxes even though that rich person still owes $1billion in back taxes...oh wait; that's not dumb, that's called typical liberal hypocrisy....

Warren Buffett Owes 1 Billion in Back Taxes



http://frontpagemag.com/2012/dgreenfield/warren-buffett-owes-1-billion-in-back-taxes/
9 posted on 09/20/2013 11:50:12 AM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: Olog-hai

Means:

“That would screw up my investments”


10 posted on 09/20/2013 11:50:14 AM PDT by G Larry (Let his days be few; and let another take his office. Psalms 109:8)
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To: Olog-hai

Memo To: Warren Buffett
Memo From: Oldeconomybuyer

Subject: Debt Ceiling

Please pay your taxes and STFU.

Regards,


11 posted on 09/20/2013 11:50:22 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Olog-hai

This loud-mouth needs to get a copy of Dr. Seuss’s “Yertle, The Turtle” and take the obvious lesson to heart.


12 posted on 09/20/2013 11:51:09 AM PDT by txrefugee
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To: Olog-hai

Old warren owns one of the bond rating agencies and I’m pretty sure has a substantial position in treasuries through insurance companies he owns. All warren does is talk his book. Piss off, warren. Go die already so the feds can take half of your estate. Oh, wait, you and you buddy gates set up trusts to shelter your holdings from the estate tax. He’s one rich bastard I don’t feel bad about hating.


13 posted on 09/20/2013 11:52:40 AM PDT by Orangedog (An optimist is someone who tells you to 'cheer up' when things are going his way)
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To: All

Sounds like the ultimate liberal crony capitalist is cranky that his diaper needs to be changed.


14 posted on 09/20/2013 11:53:49 AM PDT by Prov1322 (Enjoy my wife's incredible artwork at www.watercolorARTwork.com! (This space no longer for rent))
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To: Olog-hai

Listening to a communist billionaire is even dumber.


15 posted on 09/20/2013 12:08:05 PM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: Olog-hai

No, Mr. Buffet, failing to produce a budget for years is dumb.

Continuing resolutions are dumb.

Government is dumb.

Barack Obama is dumb.


16 posted on 09/20/2013 12:11:39 PM PDT by chris37 (Heartless.)
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To: Olog-hai

BTW warren... can you thread a camel through the eye of a needle?


17 posted on 09/20/2013 12:12:43 PM PDT by LibLieSlayer (FROM MY COLD, DEAD HANDS!)
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To: All

Buffett, like Soros and a few other ‘Crony Crapitalists’ has found it more immediately profitable to destroy economies, rather than improve them.


18 posted on 09/20/2013 12:17:19 PM PDT by LegendHasIt
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To: Olog-hai

All that money and he can’t afford to buy a spine? He’s an Opuppet.


19 posted on 09/20/2013 12:20:19 PM PDT by showme_the_Glory (ILLEGAL: prohibited by law. ALIEN: Owing political allegiance to another country or government)
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To: Regulator

To remove the only restraint of those budget/nation busting fools in Wash would be suicide.


20 posted on 09/20/2013 12:24:11 PM PDT by ully2
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