“I could end the deficit in five 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” — Warren Buffett
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By making their jobs dependent on keeping the deficit low, Buffett argues that Congress would take deficit reduction more seriously and take politically difficult steps to cut spending and raise revenue that could balance the budget. His point is that the threat of losing their jobs could force Congress to tackle the deficit in a serious way that has so far been lacking.