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Easy Fix for Congress
I usually don’t use this blog for political statements, but times are not usual anymore.
Warren Buffett, in a recent interview with CNBC, offers one of the best
quotes 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. The 26th
amendment (granting the right to vote for 18 year-olds) took only 3 months
& 8 days to be ratified! Why? Simple! The people demanded it. That was in
1971…before computers, e-mail, cell phones, etc.… Read more