“Some pundits are unhappy with the Oracle of Omaha’s proclamation that a debt crisis is not an issue for the USA. They reference the following comments from a few weeks ago and cite the comments as “silly talk”:
“The United States is not going to have a debt crisis as long as we keep issuing our debts in our own currency. The only thing we have to worry about is the printing press and inflation.”
And when someone starts claiming that Buffett is talking “silly” you should probably start wondering who is actually being silly because, as Buffett likes to say, “If you’ve been playing poker for half an hour and you still don’t know who the patsy is, you’re the patsy.” I can assure you of two things – this MarketWatch article will take you less than half an hour to read and Warren Buffett is not the patsy in it….”
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