[Vmysobfi]

Mediaite: http://www.mediaite.com/tv/warren-bu...-five-minutes/

Universally respected super-rich Midwestern gentleman Warren Buffett recently sat down for an interview with CNBC’s Becky Quick reporting from the all-powerful mogul retreat in Sun Valley, Idaho.

Buffett was asked to opine on the current deficit crisis and debt ceiling conversation/quarrel/tantrum currently on the minds of politicians and media types alike, and provided a level-headed and reasonably bi-partisan assessment.

No, this will not be the end of the world, he made clear, before echoing some of the words said by President Obama on this issue, asking why are we putting a gun to our heads over this? But the money quote? He could end this in five minutes.

Buffet said: “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% of GDP all sitting members of congress are ineligible for reelection.”

[User-Luser]

Ooh, can we put that on the ballot for a constitutional amendment? Just like Bachmann suggests we do for gay marriage?

[k5wTvu9f]

I like it. I can't imagine the Tea Party would be opposed to this. Route it to a couple of their websites and let 'em take it viral.

[aceriscoolon]

Hm, I feel like this proposal is only brilliant in theory. It would make discussion in Congress entirely about the debt, moreso than it is now. Congress members' careers would entirely hinge upon debt debates which none of them individually can really control, and would punish some unnecessarily. Not to mention that the increasing federal deficit really has little impact on average citizens, so talk about a non-issue...