Gluttony kills. It is also a sin. The government creates the amount of money in the system, creates inflation, creates debt. On the back of the American taxpayer. Responsibility, accountability, stewardship — there hasn’t been and there isn’t any now of these traits evidenced anywhere within our government.

It’s just spend, spend, spend, and spend more. Print more money. With the actions of unwise, foolish children treating it all as a game, as if it’s all just another board game, and has no consequences.

Oh, there have been, are, and will be even greater consequences. Felt. Like a 20.7 on the Richter Scale quaking.

Someone did the counting, actually, a man named Howard Dayton did the research and the counting, and there are 2,350 verses in the Holy Bible about money. There are 500 verses pertaining to faith and prayer.

Now faith and prayer are more important, but there isn’t anything in God’s inerrant, infallible, unchangeable, eternal, living, and active Word without a reason the words are in The Book. There aren’t over 2,300 verses pertaining to money in the Holy Bible without reason.

Many common phrases today are taken from God’s Word, although most are misquoted and taken out of context, and misunderstood. The main point in the Holy Bible regarding money is to be a good steward, be responsible, accountable, understand money’s place. Don’t fall in love with it and make it the priority. Crave more and more of it, imagining money being the solution to every problem. Which is exactly what our government has done for decades. Throw billions, trillions around like it’s nothing. A problem solver. Only creating a much greater problem. Debt. A lot of words in the Holy Bible about being a debtor.

U.S. National Debt Clock : Real Time

Congress is not going to pass any law resembling what Warren Buffett proposed and Elon Musk thinks is a splendid idea and solution to the national debt.

You see, if blessed to get elected to Congress, most enter that position as middle-class Americans, with exceptions, of course. And a person can’t go from being middle class to a multi-millionaire if they must keep national debt less than 3% of Gross Domestic Product, because that means they won’t get reelected, thus being unable to follow the successful pattern of so, so many before them, that entered Congress, as middle class citizens, and through continuing to get reeelcted in every election cycle, putting in the years, getting on certain committees, determining laws, regulations, and if paying attention knowing when to invest, with whom, when to sell, having much insider information — thus being able, after about five or six election cycles — to become a multi-millionaire. While continuing to lay enormous debt on the backs of the people, debt that can never be paid down, and has extreme consequences.

Those who make the laws, greatly enrich their personal lives by being perpetual members of the U.S. Congress, are not going to make the Warren Buffett, Elon Musk idea law.

Unless they are as the countryman in Aesop’s tale, who killed the goose that laid golden eggs, killing their “Golden Goose.”

Interesting idea. It could work if implemented. But the odds of such a law being enacted and enforced are about the same as there being an ice concession, or an ice cream concession in the pit of hell.

Responsibility, accountability, good stewardship are just words. Not spoken or understood under the dome, under the roof of the U.S. Capital building.

U.S. National Debt Clock : Real Time

Read on…

Ken Pullen, Wednesday, June 25, 2025

Elon Musk backs Warren Buffett’s proposal to ‘end the deficit in 5 minutes’ as the bold idea gains steam again

Wednesday, June 25, 2025

By Jing Pan

Reprinted from Moneywise

The U.S. government has been running budget deficits for years — consistently spending more than it collects. And while neither party has managed to rein in the red ink, legendary investor Warren Buffett once offered a surprisingly simple fix.

“I could end the deficit in five minutes,” Buffett told CNBC’s Becky Quick in a 2011 interview. “You just pass a law that says that any time there’s a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.”

Now, that old clip is going viral again — and it’s gaining fresh support in high places.

Utah Senator Mike Lee reposted the video on X, asking the public, “Would you support this amendment?”

The question sparked a wave of responses, including one from Tesla CEO and X owner Elon Musk, who replied: “100%. This is the way.”

But Lee isn’t just crowdsourcing opinions — he’s trying to turn the idea into a reality.

“I’m drafting a constitutional amendment to oust every member of Congress whenever inflation exceeds 3%. It’s better to disqualify politicians than for an entire nation to suffer under the yoke of inflation,” he wrote on X.

A bold fix — but the numbers don’t look good for lawmakers

While Lee referenced both inflation and deficits, the logic echoes Buffett’s frustration: tying lawmakers’ job security to the nation’s fiscal health.

Economists have long noted a connection between excessive government spending and inflation. The late Nobel Prize–winning economist Milton Friedman once famously said, “What produces [inflation] is too much government spending and too much government creation of money and nothing else,” adding, “Only Washington can create money.”

But enshrining that accountability into law — especially one that threatens every member of Congress with job loss — is a heavy lift.

Buffett’s threshold was a deficit of more than 3% of GDP. In fiscal 2024, the U.S. economy generated $28.83 trillion in GDP, while the federal government spent $6.75 trillion and collected $4.92 trillion in revenue. That left a $1.83 trillion deficit — or 6.3% of GDP.

By Buffett’s rule, every sitting member of Congress would be out — and many X users were quick to point that out.

“The only problem is that the people we are suggesting be fired are the ones who get to vote on that. And they’re never going to vote for their own cancellation,” X user Lorrie Ann wrote. “This is why we need term limits and why they won’t even entertain the idea!”