an idea from Warren Buffet to end the deficit

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   SparklingJewelposted 12 years ago

   Warren Buffett, "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 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 2011*
   
   1. No Tenure / No Pension. A Congressman collects a salary while in office
   and receives no pay when they are 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 are void effective 1/1/12.
   The American people did not make this contract with Congressmen. Congressmen
   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. Maybe it is
   time.
   
   THIS IS HOW YOU FIX CONGRESS!!!!! If you agree with the above, pass it on

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      Petra Vlahposted 12 years agoin reply to this

      The only problem with this plan is that Congress itself is the ONE WHO votes proposals and legislation into law.
      Do you believe for a minute they will do that to themselves? Not in a million years! Pressure from the masses? Is Buffet senile? Is he aware of the police brutality against the OWS movement? What a joke!

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      1. 70

         Cagsilposted 12 years agoin reply to this

         Yes pressure from the masses. It does have a factor. If politicians are not careful, they will be out of a job altogether.
         No, he isn't.
         I'm sure he is aware of it.
         Buffet doesn't joke around much.

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2. 70

   Cagsilposted 12 years ago

   Interesting. I like it.

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3. 60

   knolyourselfposted 12 years ago

   Buffet pretends to be a liberal.

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      Cagsilposted 12 years agoin reply to this

      Now that's an utterly ridiculous statement.

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4. 59

   paradigmsearchposted 12 years ago

   Headline I would like to see...
   
   FBI Notices National Debt! Congress Arrested for Treason!
   
   And for those who haven't already seen it, here's a barn burner...
   
   http://www.usdebtclock.org/

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5. 83

   kerrygposted 12 years ago

   I could get behind most of those ideas!
   
   I think a more important first step, though, would be a constitutional amendment reversing the Citizens United decision and revoking corporate personhood, followed by significant campaign finance reform.

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