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Forum Post: w buffet;s fix

Posted 12 years ago on Oct. 16, 2011, 7:30 p.m. EST by SUZY (0)
This content is user submitted and not an official statement

Warren Buffett, 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

     _*Congressional Reform Act of 2011*_

     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

     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 1/1/12. The American people did not make this
     contract with Congressmen/women.

     Congressmen/women 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 with the above, pass it on. If not, just delete.
     You are one of my 20+ - Please keep it going, and thanks.

Keep this going



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[-] 1 points by highmoralitywins (28) 12 years ago

I'll vote for that

[-] 1 points by Skippy2 (485) 12 years ago

Excellent idea Warren! Add the executive branch and I will sign on.