Reported about 1 year ago
Warren Buffett proposed a straightforward solution to America's deficit problem over a decade ago, suggesting that any time the deficit exceeds 3% of GDP, all sitting members of Congress should become ineligible for re-election. This incentive-based approach aims to deter excessive government deficit spending, similar to Germany's hard cap on deficit spending. With the U.S. government accumulating significant debt, some experts advise ordinary investors to consider assets like Treasury Inflation-Protected Securities, Series I Savings Bonds, and overseas investments as hedges against a potential economic downturn arising from continuous money printing to pay off debts.
Source: YAHOO