WARREN BUFFETT: 'The Debt Itself Is Not A Problem'
Among other things, they discussed the history of
"The womb from which you emerge determines your fate to an enormous degree," he said. "I was born in 1930. I had two sisters that had every bit of intelligence I had. Every bit the drive. But they didn't have the same opportunities."
"Because you were a man," said Jarvis.
"And I was white," added Buffett. "So, if I'd been black, my future would've been entirely different. If I'd been a female, my life would've been entirely different."
"What about our debt?" asked Jarvis. "$16.4 trillion."
"It's a lower percentage of GDP than it was when we came out of World War II," said Buffett. "You've gotta think of it in relation to GDP. It is not a good thing to have it going up in relation to GDP. That should be stabilized. But the debt itself is not a problem."
The took a drive to his regular McDonald's, his old elementary school, and his current home.
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