Liberal Free Chat Zone

[trkyhntr]

Warren Buffet plays Polyana:

“Sharing a view with Icahn, Buffett believes the obsession among Republicans on Capitol Hill about the national debt is misplaced. "The national debt as a percentage of GDP is a little higher than I would like it, but the main thing is not to have it galloping upward"
"There are countries around with much greater debt to GDP ratio than what we have. What we have is not dangerous," he continued. "Debt can only be evaluated in relation to future income producing capabilities, and the countries with income producing capabilities have never been larger and they keep growing.”"

http://www.cnbc.com/2016/04/29/buffett-says-dont-put-too-much-stock-in-icahns-market-reckoning-warning.html

Interesting that Buffet blithely ignores the huge unfunded liabilities, currently about 101 trillion dollars, which dwarfs the oft quoted national debt figure of only 18 trillion bucks