Hey financial markets, chill out! Legendary
Obama supporter investor Warren Buffet says America's debt should be "AAAA"!
U.S. billionaire Warren Buffett not only thinks that Standard & Poor's shouldn't have downgraded the country's credit rating from AAA to AA+ -- he thinks it should have been raised to "quadruple A." ...
Buffett, 80, meantime, said Friday that that the S&P decision "doesn't make sense" and that his Omaha, Nebraska-based company would hold onto its sizeable number of U.S. Treasury bills.
"In Omaha, the U.S. is still triple-A. In fact, if there were a quadruple-A rating, I'd give the U.S. that," he told Fox Business News.
The best part is this image of Obama giving Buffet a Medal of Freedom:
So Buffet owns t-bills and he received the highest civilian medal from President Obama. His debt advice is completely objective, I'm sure.
(HT: National Review.)