Buffett calls for removal of debt ceiling limit as "stupid waste of time"

Warren Buffett has criticized the debt-ceiling crisis and called for the borrowing limit to be removed entirely. He believes that not raising the debt ceiling might be Congress' most idiotic move ever. Buffett asserted that as long as the US issues bonds and other notes in its own currency, it will never suffer a debt crisis. However, he cautioned that printing too much money and fueling runaway inflation is a concern when a country spends freely. The US breached its $31.4 trillion debt ceiling in January, and experts believe it could run out of money by early June.