Thursday, June 4, 2026

"end the deficit in five minutes"

Via MoneyWise, June 2

 “I could end the deficit in five minutes,” he said. “You just pass a law that says that any time there’s a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election. Yeah, yeah, now you’ve got the incentives in the right place, right?”

—Warren E. Buffett, retired insurance salesman, Omaha Nebraska