There is a easy fix for U.S. budget deficits

[dan_s]

The U.S. government has been running budget deficits for years — consistently spending more than it collects. And while neither party has managed to rein in the red ink, legendary investor Warren Buffett once offered a surprisingly simple fix.

"I could end the deficit in five minutes,” Buffett told CNBC’s Becky Quick in a 2011 interview. “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.”

Now, that old clip is going viral again — and it's gaining fresh support in high places.

[aja57]

That would never happen. Right now , Congress is asking for another 7 billion dollar increase in Capitol security protection. They are gearing up to blow out the deficit.

[dan_s]

It will never happen only because it is an easy and logical solution to our broken federal government. Another easy solution is to cut 10% from every department's budget.