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)


  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?

  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.