𝕏xSE BusinessEconomy first seen 9 h ago, last 9 h ago, peak #32
Warren Buffett's Simple Plan to End US Deficit Resurfaces
Original: Warren Buffett's Simple Plan to End U.S. Deficit Resurfaces
Warren Buffett's long-standing proposal to curb the US deficit is circulating again. The idea is simple: Congress must pass any deficit-reduction law, and if the deficit is not cut below 3% of GDP, sitting members of Congress become ineligible for re-election. The plan, floated years ago, is being shared and debated as concerns over America's mounting federal debt grow louder.
Why now: Rising US deficit and debt concerns are prompting renewed interest in Buffett's old reform proposal.
Warren BuffettUS CongressUnited States
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