How To Solve The Deficit In 5 Minutes

by Christopher Paul on July 8, 2011

Warren Buffett:

“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.”

Not likely to happen but if there is anyone I’d love to see as Treasurer or Federal Reserve Chief, it’s him.

Warren Buffett: I could end the deficit in 5 minutes. – The Big Picture via The Brooks Review

Val July 14, 2011 at 8:59 PM

I would put all government officials that are paid with our tax dollars, whether retired or active, on a rotation.  I would split them into 12 groups and each month, one of the groups will not receive their “normal” paycheck. Instead they will receive a check in the amount of an average Social Security check.  The amount that the majority of our retired persons are forced to live on. I’m sure these people can survive, after all, it’s only one month out of the year. I’m not sure how much money this will clear up, but I’;m willing to bet that it will cover quite a percentage of the social security outlay.

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