Billionaire Warren Buffett Says US Government Running Unsustainable Deficits Amid ‘Very Substantial’ Inflation
The legend of the Warren Buffett investment issues a warning, saying that the budgetary situation in the United States is closer to a return point.
In the annual meeting of Berkshire Hathaway – where Buffett announcement His retirement – Omaha's Oracle warned that the budgetary deficit of the American government can become uncontrollable if political decision -makers could not fill the difference between income and expenses.
Treasury Department data shows That the United States has spent $ 1.31 more dollars more than it has collected this exercise so far, which takes place from October 1, 2024 to September 30, 2025. The figure marks an increase of $ 242 billion compared to the deficit recorded during the same period in the last financial year.
According to Buffett, the American government cannot continue to run large budgetary deficits indefinitely, warning that the country's budgetary situation could become unbearable and disastrous from 2027.
“We operate with a budget deficit now which is not durable over a very long period. We do not know if it means two years or 20 years because there have never been countries like the United States …
And it has the appearance that it becomes uncontrollable to a certain point that you mainly abandon it. Paul Volcker prevented this from happening in the United States, but we got closer. We have come closer several times and we still have very significant inflation in the United States, but it has never been on the run. And this is not something that we want to try to experiment because it feeds on itself.
I would not like the work to try to correct what is happening in the revenues and expenses of the United States with around 7% difference, while probably a 3% difference is durable, and the further you get, the more you start the uncontrollable.
I think it's a job I don't want to, but it's a job that, I think, should be done, and Congress does not seem good to do it. »»
https://www.youtube.com/watch?v=A3EDQG2GEOQ
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