Posted at 01:36 PM ET, 07/08/2011

Warren Buffett: ‘I could end the deficit in five minutes’ (Video)


Warren Buffett (Matthew Staver/Bloomberg)

Quote for the day:

“I could end the deficit in five 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.”

Warren Buffett spoke to CNBC Friday morning and offered up his plan to end the deficit. He also gave $1.5 billion in Berkshire Hathaway stock to the Gates Foundation. Just a typical day for the investor.

(Thanks, Timmy! Via Investing Notebook)

By  |  01:36 PM ET, 07/08/2011

Tags:  Daily Catch

 
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