Part 7/9:
In addition to these discussions, Buffett addressed the ongoing U.S. debt situation, which has grown to around $36 trillion. He described the current fiscal deficit as "unsustainable," indicating a looming threat if it continues unchecked. He posited that if something cannot persist indefinitely, it will eventually come to an end, echoing a famous economic principle.
The implications of the growing debt are significant—interest payments are now the government’s largest expense after social security, putting immense pressure on fiscal policies. Buffett emphasized the lack of effective governance around revenue and expenditure control, which raises concerns for the nation’s economic future.