In an interview with NBC this afternoon in the White house briefing room, famed investor Warren Buffett said he believes a debt-ceiling deal will be passed by the Aug. 2 deadline. He said Congress needs to work past partisan boundaries, and that a failure to pass the deal would mean a global perception of America as a nation that can't think ahead.
We cannot go to Aug. 2 and tell the rest of the world, "Look because we're having this little fight in our sandbox back here, that we're going to essentially default on obligations of the United States for the first time in our history."
That's a level of immaturity that I don't believe even this Congress is up to. So it'll happen, we'll get something, and in the end we have to get something. But why not aim high rather than aim low?
Buffett also compared the gamesmanship of pushing the deal to the brink to Russian roulette.
But you're running a risk that's abolsutely silly to run. I mean, why stick a gun to your head and say well there's only a bullet in one of the six chambers. So I'll spin it and pull it and it probably won't happen -- you're running a totally unnecessary risk and you're sending a signal to the rest of the world that we really can't think ahead in this country.