Diamond Member Pelican Press 0 Posted February 24, 2025 Diamond Member Share Posted February 24, 2025 This is the hidden content, please Sign In or Sign Up ‘If You Guys Can’t Get It Done, We’ll Get Some Other Guys To Get It Done’ Warren Buffett Said He Could End U.S. Deficit In 5 Minutes: ‘If You Guys Can’t Get It Done, We’ll Get Some Other Guys To Get It Done’ This is the hidden content, please Sign In or Sign Up back in 2011 made a bold This is the hidden content, please Sign In or Sign Up . He said he could fix the U.S. deficit in five minutes. His idea? Make sure politicians actually feel the consequences of their spending habits. “You just pass a law that says that any time there’s a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election,” Buffett said. He laughed, but his point was clear: politicians don’t fix the deficit because there’s no real incentive for them to do so. “A more effective threat would be just to say, ‘If you guys can’t get it done, we’ll get some other guys to get it done.'” Don’t Miss: Nearly 14 years later, the deficit hasn’t just stuck around—it’s ballooned. In 2011, the U.S. debt was around $14.3 trillion. As of 2025? It’s now This is the hidden content, please Sign In or Sign Up , with an annual deficit projected at $2.84 trillion. If Buffett thought Washington was reckless in 2011, what would he say now? In a move that nobody saw coming at the time, President Donald Trump—reelected in 2024—teamed up with billionaire Elon Musk to take a This is the hidden content, please Sign In or Sign Up . Their newly formed Department of Government Efficiency aims to trim federal spending by up to $2 trillion by July 4, 2026. DOGE, which Musk himself is leading, has already started slashing budgets, focusing on programs under agencies like USAID and the Department of Health and Human Services. So far, their reported savings sit at $55 billion, a small dent in their massive goal — but it’s only been four weeks. Trending: Can you guess how many Americans successfully retire with $1,000,000 saved? This is the hidden content, please Sign In or Sign Up . Trump, never one to shy away from bold claims, has praised Musk as the smartest guy for the job. But not everyone is convinced. Conservatives are torn—some love the aggressive cost-cutting, while others point out that major entitlement programs, which make up a This is the hidden content, please Sign In or Sign Up , remain untouched. Buffett’s plan was simple but ruthless: make politicians personally accountable for running deficits. But in reality, Congress would never pass such a law—because it would mean voting themselves out of power. In a 2011 CNBC article, an attorney pointed out that there is a legal loophole that could make it happen. Under Article V of the U.S. Constitution, two-thirds of state legislatures could call for a convention to propose an amendment. If three-fourths of the states ratified it, it would become law—no Congressional approval needed. But as the attorney noted, odds of that happening would have been slim and the process would take longer than “five minutes.” Story Continues This is the hidden content, please Sign In or Sign Up #Guys #Guys This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/225827-%E2%80%98if-you-guys-can%E2%80%99t-get-it-done-we%E2%80%99ll-get-some-other-guys-to-get-it-done%E2%80%99/ Share on other sites More sharing options...
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