Thread: Warren Buffett's Deficit Plan
#1 Warren Buffett's Deficit Plan10-25-2011, 07:47 AM
This may be old news but I've only recently obtained a "stable" internet connection so, please forgive me if this has already been posted.
It seems Warren Buffett has an interesting idea on how to reduce the deficit.
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 Becky Quick. "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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