Warren Buffett Slams
Congress on the Deficit

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Warren Buffett Slams Congress on the Deficit





 
Warren Buffett has unwittingly gone viral on the internet over comments he made on how to solve the deficit problem.  Congress did not like his solution.

Here was his exact quote: "I could end the deficit in five minutes.  You just pass a law that says that anytime there’s a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election. Yeah. Yeah. Yeah, now you’ve got the incentives in the right place, right?"