More than a decade ago, Warren Buffett said the national deficit could be solved in just five minutes. His plan? "You just pass a law that says that any time there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection."
That 2011 quote, from an interview with CNBC's Becky Quick, resurfaced in early June — and this time, it gained traction with one of the world's most influential voices.
