🇺🇸 Warren Buffett’s Five-Minute Fix for the U.S. Deficit

Billionaire Warren Buffett once made headlines with a bold proposal:

“You just pass a law that says that whenever the budget deficit exceeds 3% of GDP, all sitting members of Congress lose their right to run for re-election.”

According to Buffett, this mechanism would hold Congress directly accountable for fiscal discipline, since its political interests are tied to keeping the budget balanced.

The idea is often cited as a prime example of Buffett’s view of economics through the lens of political responsibility and personal motivation. It’s not a formal policy plan, but it’s a powerful message about the need for fiscal discipline in government.