Warren Buffett Quote From The I.O.U.S.A Panel DiscussionMarkham Leeupdated Aug 23, 2008TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.Warren Buffett had a great quote (granted he's probably said something like this before) during the panel discussion that's shown after I.O.U.S.A."I like to invest in wonderful companies that an idiot could run because sooner or later one will"(The audience laughs)"In fact you could say that this country is like that too"(more laughter)To put the quote in context he was being asked about the future of the American economy, and after the zingers above he discussed how he felt the American economy could continue to significantly "grow the pie" so to speak, thus giving us the financial resources to service our debt and fund our various liabilities. Mind you he wasn't saying we don't have to worry about the economy or the debt problem, more like if we take the proper steps to control our debt moving forward our economic growth should allow us to get things under control.Of course the key here is: will we take the proper steps before it's too late?Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.