Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it.
— Warren Buffett
Buffett also said he thinks it would be absurd for American politicians to do anything to damage the country’s reputation for paying its bills that has been established over the past 237 years.
I am glad cooler heads prevailed. It seems like we were close to the abyss and the adults in Congress did the right thing in the end. The children in Congress became naughty, and when Santa Claus comes around in November 2014 we will all see what gifts they don’t get.
We only have a few more months before we are back here again unfortunately. We have a projected budget deficit this year of $774B but one party was so focused on removing the ACA that this was completely ignored by both parties. I don’t expect anything different in January either. Maybe Warren can loan the Congress his accountants for a month or two so they can point to the part of the ledger where we are really in trouble 😉
You mean, like, medical device taxes are not really the problem?