Elon Musk Supports Warren Buffett’s Idea to Ban All Members of Congress from Re-election if the Deficit Exceeds 3% of U.S. GDP

In a rare show of bipartisan concern from two of America’s most influential business figures, Warren Buffett and Elon Musk have both thrown their support behind a sweeping proposal: to bar all sitting members of Congress from seeking reelection if the federal deficit exceeds 3% of U.S. gross domestic product (GDP).

A now-resurfaced video from Warren Buffett that’s been going viral this week caught the attention and support of the world's richest man, Tesla (TSLA) CEO Elon Musk. “I can end the deficit in five minutes,” Warren Buffett said. He continued, “You just pass a law that says that anytime there’s a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection.”