Billionaire Warren Buffett Says US Government Running Unsustainable Deficits Amid ‘Very Substantial’ Inflation

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Warren Buffett Warns of US Government’s Fiscal Nightmare – Is Anyone Listening? 😱

Ah, Warren Buffett, the so-called “Oracle of Omaha,” has finally spoken—and it’s not good news, dear reader. Apparently, the US government is on the verge of a fiscal catastrophe, with deficits spiraling out of control like a bad soap opera plot. 🎭

During the annual Berkshire Hathaway meeting, where Buffett dropped the bombshell about his retirement (because who doesn’t retire when you’re a billionaire?), he took a moment to warn that the US’s fiscal health is teetering on the edge. And, oh, if the policymakers don’t do something soon, this financial circus could be heading for disaster. 🏦💥

Now, I know you’re all probably wondering, “How much are we talking here, Warren?” Well, the Treasury Department reports that the US has spent a staggering $1.31 trillion more than it’s taken in so far this fiscal year. To put it in perspective, that’s a $242 billion increase from last year’s deficit, which clearly proves that the government is not exactly following any kind of sensible budget. Shocking, isn’t it? 🙄

Buffett’s not mincing words, either. He’s practically ringing the alarm bells. According to him, the US government can’t keep running these colossal fiscal deficits forever. No one knows exactly when it will become utterly unmanageable, but he’s betting that the situation could turn into an utter nightmare as soon as 2027. Yikes! 😬

“We’re operating at a fiscal deficit now that is unsustainable over a very long period of time. We don’t know if that means two years or 20 years because there’s never been a country like the United States… And it has the aspect to it that it gets uncontrollable to a certain point that essentially you just give up on it.”

Buffett goes on to say that we’ve come close to financial ruin more than once before—thanks to Paul Volcker, the former Fed chairman who played the role of fiscal superhero. But now, with inflation still rearing its ugly head, it’s like the US is one bad decision away from disaster. Who wouldn’t want to be the one to try and fix that, right? 🙃

“I wouldn’t want the job of trying to correct what’s going on in revenue and the expenditures of the United States with roughly a 7% gap, when probably a 3% gap is sustainable, and then the further away you get from that, the more you get to where the uncontrollable begins.”

And to top it all off, Buffett, ever the realist, shares his thoughts on Congress. Spoiler: It’s not a glowing review. He’s pretty sure they’re not the ones for the job. Ouch. 😏

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2025-05-05 12:26