Editorial: Fixing the deficit in 5 minutes?

Posted on July 23, 2012 |

• Editorial

By Angelo S. Lynn

Rumor has it financial wiz Warren Buffett, one of the richest men in the world, has a sure-fire solution to reign in the nation’s looming debt: “I could end the deficit in five minutes,” he allegedly tells a CNBC news reporter. “You just pass a law that says that anytime there is a deficit of more than 3 percent of GDP, all sitting members of Congress are ineligible for re-election.”

The rumor is being spread via the Internet like wildfire and fueled by the millions of Americans upset with a dysfunctional Congress.

Permalink