Buffett, July 7, on CNBC:
I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3 percent of GDP all sitting members of Congress are ineligible for reelection.
Me, June 20, on CNN's Global Public Square:
My proposed amendment to the Constitution combines two concepts: term limits and a balanced budget amendment.Warren hasn't yet offered me a political consulting gig at Berkshire Hathaway, but I'm still flattered.
"No member of Congress shall be eligible for re-election at any time in which there is a federal budget deficit."
Almost on cue, as if to illustrate the point Mr. Buffett and I raised, yesterday my Congressman sent me an e-mail pledging to spend two and a half hours today debating and voting on - no, not the budget deficit or the national debt - but glowing metal filament wire.
John Lamb is the editor of HispanicNashville.com