Claim: Warren Buffett quipped that he could end the deficit by passing "a law that says anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.
Fact-check: Did Warren Buffett Suggest This Plan That Could Fix the Budget Deficit?
Verdict: true
Organisation: Snopes
Author: Barbara Mikkelson
Date published: 2011-10-23T19:04:24