Letter: Feast off Buffett’s counsel
Sunday, July 24, 2011
If you would like to solve the balanced budget and deficit spending problem of the state or federal governments, take Warren Buffett’s advice. Buffett is quoted on the Internet as saying, “I could end the deficit in 5 minutes. You just pass a law that says that any time there is a deficit of more than 3 percent of GDP, all sitting members of Congress are ineligible for re-election.” Pass a law like that and watch all the pork projects disappear. They would turn on each other like wolves after a long fast.