Buffett on US Debt Problem: ‘We’ll Get It Solved’
Published: Friday, 28 Dec 2012 | 12:54 PM ET
By: Alex Crippen
Despite the intense political fighting over just the “fiscal cliff,” Warren Buffett is optimistic the nation’s overall debt problem will eventually be fixed.
In an interview on BBC Radio 4’s “Today” program, Buffett said, “In the end, 535 people in Washington will not thwart the wishes of 312 million Americans.”
“America has faced a lot tougher problems than this one. We’ll get it solved.”
Warren Buffett
“The United States is richer than it’s ever been. We have $50,000 or so of GDP per person. But we’ve overpromised and we’ve also undertaxed to some extent, so we find ourselves with this great fiscal imbalance. But it was man made. We’re a rich country. It can be solved. … We’ll be able to overcome this problem. America has faced a lot tougher problems than this one. We’ll get it solved.”