Warren Buffett criticized US fiscal policy and the growth of public debt

Currently the dollar is going to hell. Former Berkshire Hathaway chairman Warren Buffett said this at his last shareholder meeting as CEO. This was reported by Yahoo Finance.

According to the legendary investor, he is frightened by the fiscal policy of the US government, which for decades has been spending more than it takes in, covering the deficit by borrowing and accumulating ever-increasing debt. Buffett is convinced that this cannot continue indefinitely without consequences. An unstable situation has developed that at some point may get out of control.

The publication emphasizes that since Buffett said these words, the situation has only gotten worse. The federal government has accumulated another $1.97 trillion in deficit. The national debt has topped a staggering $40 trillion.