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View Full Version : Buffett, others say high U.S. debt levels pose risks




PatriotG
08-22-2008, 07:47 AM
It seems highly unlikely that the truth, the whole truth, and nothing but the truth will reach the American public.

First, when Mr. Walker was the Comptroller General a few years back he was already screaming that the debt had reached $100 Trillion, if you took into account payments coming due. That figure did not take into account the interest on that staggering debt.

Second, when you know how the inside is going to play the monetary game it is fairly easy to make yourself a billionaire. Mr. Buffet has been at the forefront of the financial industry because he understood what a scam the monetary system is.

Third, as I look around, none of the people on this panel have addressed the key issue to support a supposition that America can recover. Where has all our industry gone?

Fourth, none have stated one of the most fundamental requirements for getting us back on track; return the courts to the people so that they, not some government employee, The People can prosecute elected officals that go to congress with the stated goal of violating their oath of office.

Full article:
Buffett, others say high U.S. debt levels pose risks (http://www.reuters.com/article/newsOne/idUSN2250779920080822)

By Jonathan Stempel

NEW YORK (Reuters) - Warren Buffett, the billionaire co-founder of a top private equity firm and a prominent voice for U.S. fiscal responsibility, called on the United States and its elected officials to combat the nation's fast-growing, multi-trillion dollar debt load.