Energy Prospectus

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.

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.

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.