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Musk Backs Buffett Proposal to Bar Re-election Over 3% Deficit

5/11/2026

Summary

Story summary

Elon Musk backed Warren Buffett’s plan to bar Congress members from reelection if the deficit exceeds 3 % of GDP, reposting his 2011 CNBC interview June.
The Congressional Budget Office (CBO) reports debt rose $2.6 trillion to $38.9 trillion and weekly interest now exceeds $22 billion.
A bipartisan group filed a resolution to cut the deficit to 3 % of GDP after the Committee for a Responsible Federal Budget warned interest could outpace growth FY 2031.

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Story summary

Elon Musk backed Warren Buffett’s plan to bar Congress members from reelection if the deficit exceeds 3 % of GDP, reposting his 2011 CNBC interview June.
The Congressional Budget Office (CBO) reports debt rose $2.6 trillion to $38.9 trillion and weekly interest now exceeds $22 billion.
A bipartisan group filed a resolution to cut the deficit to 3 % of GDP after the Committee for a Responsible Federal Budget warned interest could outpace growth FY 2031.