Warren Buffett: I Could End the Deficit in 5 Minutes

Doug Powers for Michelle Malkin (quoting Warren Buffet):

“I could end the deficit in 5 minutes. 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 reelection.”

I rarely agree with Buffet on anything related to politics. I have to say—while this has virtually zero chance of ever becoming law—this is one of the best ideas I have heard on ending our deficit. I’ve seen the proposals to freeze pay for congress members if they can’t pass a budget, but destroying their ability to run for reelection—that is pure genius. This is the kind of law that would make a great amendment to the constitution. I’ve long been an advocate of ending the culture of career politicians we have today.