Warren Buffet is Right! Politicians Do Your Job or We will Find Someone Who Will

By David M. Bresnahan

The debates and political posturing throughout the “debt crisis” have shown us that politicians on all sides seem to use the same tired old tactics of pointing fingers at each other, then trying to scare the voters into doing what the politicians want, not what we the people want and need.

They seem to think they need to manipulate us into believing they are doing us some kind of favor. In reality we need to put some fear into those politicians so they will just do their job. It is time to turn things around. We need to have the courage to tell them to do their job or get fired on election day, regardless of political party.

Warren Buffet has the solution. A few days ago a friend sent me one of those E-mails that people pass around from one to the other. It made some claims about Buffet, and I decided to check and see if he really said what the E-mail claimed he said. I found a video of the interview and was pleased to see that he actually did make the statement attributed to him.

He said it with a smile, knowing that to put the solution in place the politicians have to vote this into law (which they would never do), but he certainly has it right. Here is what was said:

“I could end the deficit in 5 minutes,” said Warren Buffet on CNBC Jul. 7, 2011.

“How?” asked CNBC reporter Glynnis MacNicol.

“You just pass a law that says that anytime there is a deficit of more than 3 percent of GDP all sitting members of congress are ineligible for re-election. Now you’ve got the incentives in the right place,” he replied.

Buffet has it right. The politicians in Washington try to intimidate and scare people on welfare, the elderly on Social Security and Medicare, and parents of children into believing that if we do not go along with THEIR plan then we will all be hurt.

It is time for us to turn the tables on the politicians. Since the law is not in place to automatically fire them if they fail to balance the budget, we should all send a letter to our elected officials in Washington to let them know that we have zero toleration for their failure. We hired them, and we can fire them.

Sending a letter will only put them on notice, and if they get enough letters maybe they will wake up and do what is right. However, when election day comes we need to stand firm and not vote for any politician who continues the problem instead of solving it.