Listen to this carefully.
Legendary investor Warren Buffett once said something simple… but it hit the political system like a sledgehammer.
The solution to the United States deficit?
"It can be resolved in 5 minutes."
The method is brutal but logical:
Make a law.
If the national budget deficit exceeds 3% of GDP…
All members of Congress should be immediately barred from running again.
Done.
No long debates.
No political drama.
No empty promises every election.
The real problem is not the economy.
The problem is incentives.
As long as politicians can continue to be re-elected even as the country drowns in debt… they have no reason to stop spending money.
They will keep:
Spending bigger.
Issuing more debt.
Pushing problems onto the next generation.
Why?
Because the consequences never touch them.
Buffett hit the nail on the head:
If their political careers were directly threatened when the deficit exceeded limits…
Suddenly everyone in parliament would become very disciplined about the budget.
Funny right?
Economic solutions are sometimes actually simple.
But the power system often does not want to solve problems…
because the problems themselves keep them in power.
That is the irony of modern politics.
And because of that too… simple ideas like this sound radical, even though they are just basic logic. 🔥#Binance $PAXG $