Wednesday, July 13, 2011

Warren Buffett on Ending the Deficits, Wenzel's Plan to Shrink Government Spending

Warren Buffett told CNBC:
“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 would do Buffett, one better.

I would allow congressmen to personally keep 1% of all spending cuts that they enact, to be split up amongst all those who vote for the cuts. I doubt there would be any spending approved for even the guy who runs the flag up the flag pole at the Capitol.

(htMicah Armantrout)

2 comments:

  1. So in other words, Warren "The Roman" Buffett thinks that a benign dictatorship is the solution to our democratic political process and its problems?

    Who was it that said every socialist is a dictator deep in their own heart?

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  2. All kidding aside, I suspect most our our government problems could have been held in check by a constitutional provision that states: "No laws shall extend longer than 2 years from the date of enactment."

    This would require the bastards to re-justify every law every 2 years. They would be so busy trying to re-pass every law that they wouldn't have time for any new laws. Social Security wouldn't have made it past the 50's.

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