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Old 28 July 2011, 05:49 AM
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Icon605 Warren Buffett on the debt ceiling

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."
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Old 28 July 2011, 06:03 AM
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He says it at 5:18 in the video on this page.
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Old 28 July 2011, 06:05 AM
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Quote:
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.
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