Tags: buffett | fiscal | cliff

Buffett: America's Seen Worse Problems than Fiscal Cliff

Saturday, 29 Dec 2012 10:24 AM

By Sandy Fitzgerald

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Warren Buffett says he’s optimistic the nation’s debt problems will be solved, despite the political fighting that’s threatening to put the country over the “fiscal cliff.”

“In the end, 535 people in Washington will not thwart the wishes of 312 million Americans,” Buffet said on BBC Radio 4’s “Today” program.

"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 under taxed 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."

Editor's Note: Should Obama and Congress Raise Taxes? Vote Now.

Buffett was speaking with Melinda Gates, who was serving as guest editor on the show. Gates and her husband, Microsoft’s Bill Gates, is one of the world’s leading philanthropists through the gates Foundation, to which Buffett has already pledged much of his massive fortune.

He and Gates also spoke about the need for more women in leadership roles.

"What a waste of human talent. Fifty percent of the talent of the country we've pushed off in the corner for almost 200 years,” said Buffett. “No Supreme Court justice was a woman. Believe me, I'll take Sandra Day O'Connor or Ruth Ginsburg. It was a shame to not be utilizing that talent. One of the things that makes me so optimistic about the future, when I see how far we've come only using half the talent in the country. And now I realize we're getting to the point, we're starting to use 100 percent of our talent. It makes me very optimistic. But we still have a ways to go."

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Justice Ginsburg, 81, Says She'll Stay on High Court 2 More Years

Thursday, 31 Jul 2014 15:51 PM

It looks like feisty octogenarian Supreme Court Justice Ruth Bader Ginsburg plans to remain on the high court for at lea . . .

GOP Chairman Priebus: Party Competing for Black Votes

Thursday, 31 Jul 2014 15:39 PM

Republican National Committee Chairman Reince Priebus told a national convention of black journalists on Thursday that t . . .

Snowden's Asylum Status in Russia Ending

Thursday, 31 Jul 2014 15:35 PM

Edward Snowden's temporary asylum status in Russia will expire at midnight Thursday, but the former U.S. National Securi . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved