Warren Buffett on the debt ceiling

[snopes]

Comment: Warren Buffett, in a recent interview with CNBC, offers one of the best
quotes I've heard in all this drama about the debt ceiling:

"I could end the deficit in 5 minutes," he told CNBC. "You just pass a law
that says that anytime there is a deficit of more than 3% of GDP, all
sitting members of Congress are ineligible for re-election."

[lord_feldon]

He says it at 5:18 in the video on this page.

[snopes]

You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election

Of course, it would have to be Congress who passed such a law.