Large debts are not good for individuals nor countries. Individuals can take care of their personal finance to fix the debt problem. What’s about country’s deficit? Warren Buffett says he could fix the U.S. deficit problem very quickly. He told CNBC: “I could end the deficit in five minutes. You just pass a law that says that any time there’s a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election.” (cnbc.com)
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