Buffett on GOP: This particular hole belongs to them; likens healthcare to tapeworm of American economy

Omaha's Croesus, Warren Buffett, was on CNBC's Squawk Box earlier this week. In the video below, he gave some free advice to the GOP: don't screw up two centuries of good credit that the U.S. has built. On other topics (not in the video below) he talked about the recent departures of two of his Benjamin Moore CEOs and the continuing drag that healthcare, American-style, is on the economy.

Healthcare is the tapeworm of the American economy. When u get up to 17-18 percent and other countries have 10%, You've got 7 or 8 cents out of the dollar that we are at a disadvantage – I mean we think we are at a disadvantage and we are because we talked about the $500 billion spent on foreign oil but $500 billion is 3% of GDP. We're talking about a huge cost disadvantage versus rest of world, and we need to address it.