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Five Minutes to Fiscal Sanity: The Buffett Rule

Warren Buffett famously claimed he could fix the federal budget deficit in "five minutes" by passing a single rule that makes all sitting members of Congress ineligible for re-election if the deficit exceeds 3% of Gross Domestic Product…

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Previously

…As another budget cycle loomed, the gap between principle and practice felt as wide as ever. The next step, Eleanor decided, was to understand whether voters truly cared enough to demand change—and whether those demands could break through the layers of political habit and self-preservation. Could collective pressure make fiscal sanity more than a slogan? Or would the inertia of old habits prove stronger than even the most elegant fixes? The answer, Maria and Eleanor both realized, might depend less on Washington—and more on what everyday Americans are willing to ask for next.

Setting the scene…

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