WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Saturday, October 5, 2013

Warren Buffett sees light at end of the debt ceiling battle

WASHINGTON, Oct. 4 (UPI) -- Billionaire investor and philanthropist Warren Buffett predicts Congress won't resort to "extreme idiocy" and will vote to extend the federal debt ceiling.
Treasury Secretary Jack Lew has warned the United States won't be able to pay its bills after Oct. 17, including paying interest on the debt that's already in the market, putting the country into default unless the debt ceiling is raised.
Buffett, who appeared with former Treasury Secretary Henry Paulson on CNBC Thursday, said when the United States government issues bonds, they're issued with "the full faith and credit of the United States ... [not] the full faith and credit of the United States unless one political party is unhappy about some extraneous issue."

Read more: http://www.upi.com/Top_News/US/2013/10/04/Warren-Buffett-sees-light-at-end-of-the-debt-ceiling-battle/UPI-63791380915971/#ixzz2gqFT0oHs