maladroit4u

Warren Buffet says a U.S. Default is Dumb

2013-10-16

"Credit worthiness is like virginity, it can be preserved but not restored very easily, so it is crazy to play around with it," says the famously rich chairman of Berkshire Hathaway. I'd say that sounds about right. Too bad there are multiple politicians that think, like the Tea Party thinks, that a default would be good for the Government's budget.

It's true: when no one will let you borrow money you won't have much money to worry about. You also won't have much of anything to worry about, except searching frantically for your next meal.