Here ya go.
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.
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Reblogged this on INTERNED in Northfield!!!.
Yeah, but who is going to vote to pass that law? Surely not the clowns in office now.
GDP is about $15 trillion, so 3% is $450 billion. Only one president has had a deficit exceeding that limit and Buffet supported him.