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.