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The Buffet Rule

Saturday, August 30, 2014

We must support this...pass it on and let’s see if these idiots understand what people pressure is all about.

Salary of retired US Presidents . . . .. . . . . . .. . $180,000 FOR LIFE

Salary of House/Senate members . . . .. . . . . $174,000 FOR LIFE This is stupid

Salary of Speaker of the House . . . .. . . . . . . $223,500 FOR LIFE This is really stupid

Salary of Majority/Minority Leaders . .. . . . . . . $193,400 FOR LIFE Ditto last line

Average Salary of a teacher . . . . . .. . . . . . . . .. $40,065

Average Salary of a deployed Soldier .. . . . . .. . $38,000

I think we found where the cuts should be made! If you agree pass it on, I just did.

Warren Buffet, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:

"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 2014

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 12/1/14. 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, copy and paste it into your blog, your email, your pinterest, and any other social networks. 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

    If that is accurate information then it is stupid, stupid, stupid! What teachers and soldiers make is a meager salary, especially when you compare it with politicians who frequently don't even show up for work.
    1391 days ago
    1391 days ago
    I agree .... vote any dip weed incumbent OUT of office ! REPLACE all who do not do the will of the people! THEY WORK FOR US!!! Not the other way around!
    1392 days ago
    Lots to think about.
    1393 days ago
    1393 days ago
  • GIVEUP30
    President Truman was the only President that said when he wasn't President anymore I am not having body guard, and not taking pay for something I'm not doing. What is this telling us about the world leaders ......they just want to rob us. That's not all that is making me sad the so call one in as our President isn't doing for our country he is destroying it emoticon
    1393 days ago
  • JANET552
    They do make their own lives cushy.
    1394 days ago

    This would do for all countries.

    And while we're at it let's dig a big hole for somewhere to put the current administration, they have already proven they're a waste of skin. Again any country would do for this as well.

    1394 days ago
  • 123ELAINE456
    Well Said!!!
    1394 days ago
  • DALID414
    1394 days ago
    I think some of that info is not really accurate. For instance, from an FAQ on the site:

    "Is it true that . . . Members of Congress do not pay into Social Security and when they retire they receive a pension equal to their congressional salary for the rest of their life?

    "The answer is no. All members of Congress pay Social Security taxes in the same amounts as they would if they were employed in the private sector at the same salary level. The amount of a congressional pension varies and depends on years of service, age at the time of retirement, and salary.

    "The facts: The confusion about Social Security probably results from the fact that before 1984, Senators and Representatives did not participate in the Social Security program. Like all federal government employees at that time, members of Congress were covered by a pension plan, called the Civil Service Retirement System (CSRS), that did not require payment of Social Security taxes and did not provide Social Security benefits. In 1983, Congress passed a law (P.L. 98-21) that required all federal employees first hired after 1983 to participate in Social Security. The law also required all members of Congress to participate in Social Security as of January 1, 1984, regardless of when they first entered Congress. Because the CSRS was not designed to coordinate with Social Security, Congress directed the development of a new retirement plan for federal employees, called the Federal Employees Retirement System (FERS), which does coordinate a federal pension with Social Security.

    "Members of Congress are eligible for a pension at age 62 if they have completed at least five years of service. They are eligible for a pension at age 50 if they have completed 20 years of service, or at any age after completing 25 years of service. The amount of the pension depends on years of service and the average of the highest three years of salary. By law, the starting amount of a member’s retirement annuity may not exceed 80 percent of his or her final salary."

    If they served, then I don't see why they shouldn't receive some kind of pension benefit, once they're "vested" - which seems to be the case, with the 5 year of service rule. I mean, if they had a job in the private sector that offered a paid pension benefit, then that would be portable even if they went to another job.



    I think the Buffet Rule only proposes a minimum tax rate of 30 percent on individuals making more than a million dollars a year.

    By the way, with election season right around the corner I've kinda been thinking about joining the Blue team again, if you'll have me, lol!
    1394 days ago

    Comment edited on: 8/30/2014 11:21:37 PM
    We've got two great Senators and at least 2 great Congressmen in our state and I don't want to see them leave their jobs. I want to see more education in the voters as to what constitutes a good politician. And I want to see it easy to vote. Mail in ballots for the whole country!!!!!
    1394 days ago
    There will always be greed, but we can choose how we respond: push back or lie down and let the greedy roll over us.
    1394 days ago
    Greed will always be with us
    1394 days ago
  • VEG954
    emoticon emoticon
    1394 days ago
    Isn't it interesting how our members of Congress always manage to have benefits much greater than those of the people they profess to be serving? I definitely think they should be limited to one term and sent home! This was a very interesting blog!
    1394 days ago
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