Legendary hedge fund manager Julian Robertson told CNBC Thursday that no American politician, whether Republican or Democrat, has the courage to make tough decisions that will boost the economy and set the country on the right track.
“We may have to do a little personal sacrifice and government sacrifice,” added Robertson, who spoke with CNBC following the midterm elections that gave the GOP a majority in the House of Representatives.
“I believe the American people would be willing to do that, if asked,” he said.
Robertson added, “I think one of the great problems in the world today is that the leaders don't ask. Right now, we are really in tough shape about Social Security. Can we pay for it? The answer is we've got to make some changes if we do pay for it. And everybody knows that, and everybody is unwilling to confront that.”