>Warren Buffett had this line that we would have no budget deficits if it we're required that every Congress person who voted for such would be ineligible for r

>Warren Buffett had this line that we would have no budget deficits if it we're required that every Congress person who voted for such would be ineligible for re-election. Yeah, and the USSR would have won. >When Reagan entered office, the debt was less than $1T (about $3.5T in today's dollars). Well, guess who won the Cold War? Who pushed the USSR to bankrupt itself? It would be like saying "no private company should ever raise capital".