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Corning Inc. Message Board

  • gfo99 gfo99 Sep 21, 2013 8:47 AM Flag

    Is he calling them dumb or irrational?

     

    Not Lifting Debt Ceiling Would Be 'Dumb,' Buffett Says

    Friday, 20 Sep 2013 10:35 AM

    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.

    Still, he called the possibility of such a debt standoff "disturbing."

    Read Latest Breaking News from Newsmax.

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