Sunday, July 10, 2011

Tremendously Nicely Said....................

That’s Warren Buffett, not Jimmy Buffett.
I normally agree with very little that Buffett says re: public policy, but I think he may be on to something here. Note I wasn’t able to find any other sources for this, but let’s assume for a moment that it’s legit.
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. — Warren Buffett
We can tweak the numbers here and there, maybe add a clause about not raising taxes, and we may have a winner of an idea.

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