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.

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.

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