Warren Buffett and Charlie Munger - 'Debt Ceiling Makes No Sense'

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Oct 04, 2013
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Warren Buffett of Berkshire Hathaway (BRK.A, Financial)(BRK.B, Financial) discusses the political deadlock in Washington, D.C., and compares the folly of using the debt ceiling as a weapon to the historical use of nuclear bombs. His partner Charlie Munger calls this "understated." From Fortune: