Elon Musk, Mike Lee Back Warren Warren Buffett ‘5 minutes’ in the deficit crisis: “All members of Congress sitting are not eligible for his re-election” if that happens-Invesco QQQ TRST, Series 1 (Nasdaq: QQQ), SPDR S & P 500 (Arca: Spy)
Billionaire Elon Musk And the sins Mike Lee (R-Utah) The veteran investor has supported Warren BuffettA famous plan to eliminate the United States deficit crisis in “five minutes”.
What happened: An old video of “Oracle of omaha”, Buffett, is making social media tours, where he heard that he knows how to end the deficit crisis. In the video, Puffett says: “I can end the deficit in five minutes. Just pass a law saying that at any time there is a deficit of more than 3 % of GDP, all members of Congress sitting are not eligible to re -election.”
Lee shared this Buffett video in X Publishing and said it will formulate a constitutional amendment “to overthrow every member of Congress”, when this deficit scale is hacked.
He said: “It is better to exclude the politicians from suffering an entire nation under the yoke of inflation.”
Tesla Inc. Timing The co -founder and executive director of Musk also chanted this feeling and said: “This is the method,” which hints that it supports the root step.
In another publication, his followers asked me whether they support the constitutional amendment that makes all members of Congress not qualified to re -elect it whenever the federal deficit exceeds 3 % of GDP.
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Why do it matter: Musk sharply criticized the draft law reducing the last congressional tax. The White House refused criticism, stressing that the bill does not add to the deficit.
Musk said: “The huge congressional bite of congressional is a disgusting abomination.”
The House of Representatives agreed to the $ 3.8 trillion tax spending and spending plan Donald Trump He points to the “big and beautiful bill”. Although it provides immediate economic lifting with wide tax cuts and increased defense financing, market experts warn of great financial consequences in the long run.
Price work: the SPDR S & P 500 ETF TRUST spy and Investco QQQ TRust ETF QQqWhich follows the S&P 500 and NASDAQ 100 index, respectively, rose in Premarket on Thursday. The spy increased by 0.04 % at $ 596.17, while QQQ offers 0.068 % to $ 529.13, according to what he said Benzinga Pro Data.
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