Buffett: We're Going to Be Crushed Under Mountain of Debt

AMEN.....Mr. BUFFET...Finally some Words Of..."WISDOM" Out Of Your MOUTH & BRAIN....!!!!!!!!Amen.

Something that everyone on main street with common sense already knew.

over spending 85% and borrowing money from China means not only a new deal - but a whole NEW deck of cards.

Why wouldn't you link to the very article you are discussing? Here is Warren's NY Times piece: http://www.nytimes.com/2009/08/19/opinion/19buffett.html

If I spend 185% of my income I will go broke, how about you???

I AGREE

since when are stocks hard assets?

crash the dollar and start over again. just like a monopoly game. the game is over. lets start a new one

Suprise, Suprise!!!

Paying the interest on the debt will take money away from consumer spending. Paying down the debt, both public and private, will take even more out of the consumer economy.

Well now he cares after he bought shitloads of new stock. I respect the man and his accomplisments but don't care for his obviuos rhetoric today.

Thanks for this segment. Good stuff.

Well of course we are - this is why this year we are seeing RECORD compensation for executives... everyone is looking to get 'theirs' NOW! It's criminal to see how the government is so willing to stripmine the wealth of our future generations with the stroke of a pen. It's criminal that some of these 'elitists' earn as much in a WEEK as an average family will be able to earn in a lifetime... A LIFE TIME... 45 years of an average working man = 1 week of some of these executives. We had no say in the taking... to 'them' we're simply walking piggy banks. I don't like it.

Solution - Move to one global currency - Our Dollar Bill.

Mr. Buffet himself has said that he less taxes percentage wise than his secretary. We have to rescind the Bush tax cuts, and probably go further on the upper 1%. Gee, $1.5 Trillion deficit and Bush's cuts about the same. Concidence?...

At the end Henry says we are doing ok with inflation after you strip out FOOD and ENERGY. WHAT??????? Why does anyone accept Hedonics? It's a joke.

I thought Buffet approved of Obama. Apparently not his spending policies. Obama is a nice charismatic guy with good intentions. Who unfortunately has no clue how to run a business(govt).

Cut the defense spending by half and we'll be fine. It just cost us too much to play the role of a world police.

so he endorsed the bigest spending democrat ever for for prez? gee, thanx alot WARREN!

The democrats are spending 185% of what they are brining in... and we are pushing jobs out of this country as fast as economically possible. We are in for a long 'sawtooth' recovery - likely 10+ years! This culture of "I want it now" won't have the patience to see this through - so they are doing exactly what they know... BORROW IT. They didn't borrow it, they took it - FROM US!