Warren BuffettI could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
About This Quote
A former chairman of the Federal Reserve, Alan Greenspan, once said that “I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.” While this may seem like a good idea, it would result in a lot of people losing their jobs and, perhaps worst of all, a loss of the free-market system.
Some Similar Quotes
- Anyone who is capable of getting themselves made President should on no account be allowed to do the job.
- Politics determines who has the power, not who has the truth.
- Immer wieder behauptete Unwahrheiten werden nicht zu Wahrheiten, sondern, was schlimmer ist, zu Gewohnheiten.
- What people want, mainly, is to be told by some plausible authority that what they are already doing is right. I don't know know of a quicker way to become unpopular than to disagree.
- A people religiously right, will not long remain politically wrong.
More Quotes By Warren Buffett
- To be successful, look for the job you will take if you don't need a job
- If you’re in the luckiest one per cent of humanity, you owe it to the rest of humanity to think about the other 99 per cent.
- You only have to do a very few things right in your life so long as you don't do too many things wrong.
- Risk comes from not knowing what you're doing
- Be Fearful When Others Are Greedy and Greedy When Others Are Fearful