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Warren Buffet: plan to end deficit plus Congressional Reform

Thursday, November 22, 2012

Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the deficit:

"I could end the deficit in 5 minutes," he told CNBC. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.

The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified! Why? Simple! The people demanded it. That was in 1971 - before computers, e-mail, cell phones, etc.

Of the 27 amendments to the Constitution, seven (7) took one (1) year or less to become the law of the land - all because of public pressure.

Warren Buffet is asking each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.

In three days, most people in The United States of America will have the message. This is one idea that really should be passed around.

Congressional Reform Act of 2012

1. No Tenure / No Pension.
A Congressman/woman collects a salary while in office and receives no pay when they're out of office.

2. Congress (past, present & future) participates in Social Security.
All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose.

3. Congress can purchase their own retirement plan, just as all Americans do.

4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.

5. Congress loses their current health care system and participates in the same health care system as the American people.

6. Congress must equally abide by all laws they impose on the American people.

7. All contracts with past and present Congressmen/women are void effective 12/1/12. The American people did not make this contract with Congressmen/women.

Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their term(s), then go home and back to work.

If each person contacts a minimum of twenty people then it will only take three days for most people (in the U.S.) to receive the message. Don't you think it's time?


If you agree, pass it on. If not, delete.
You are one of my 20+ - Please keep it going, and thanks
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Member Comments About This Blog Post
    USMAWIFE......censorship? Is that what the USMC fights for?

    1977 days ago
  • MARYB73
    This has been around many times this year. I agree with parts of it EXCEPT:

    Congress has been covered by Social Security since 1984

    Congress does NOT vote themselves an annual increase in salary. They receive an automatic increase UNLESS they vote to turn it down, which they have done several times. The annual increase is in the law since at least 1989, courtesy of Bob Packwood, Senator from Oregon.
    1979 days ago
    Wouldn't it be nice? USMAWIFE may not be very political or have conflicting political views. I read this earlier myself. Very provocative ideas.
    1979 days ago
  • DALID414
    Wow! Eye opening!
    1980 days ago
    I think that's very true. I don't live in the US and I don't know many people (besides on Sparkpeople) who do, so I couldn't really help if I forwarded it. However, I agree that a lot of the problems with debt (in Canada as well) are because of government or the wealthy making rules to keep themselves wealthy and the rest of us are stuck. I'd forward it if I thought it would help. Keep up the good fight!
    1980 days ago
    Sure wonder why USMAWIFE wants to deliete this! I didn't know there were any folks out there who didn't want to reform Congress!
    1980 days ago
    Id like to see this in Australia too. Then the ministers would realize what its like to work for a living under all the taxes and strains of normal life.

    1980 days ago
    sadly since it is a blog, I could not delete it.
    1980 days ago
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