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
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
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
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
THIS IS HOW YOU FIX CONGRESS!!!!! If you agree with the above, pass it on
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!
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...
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.
by LucidDreams 6 years ago
This government needs a whole lot of help right now and most of the people in congress still dont get it.Subject: Let us all speak up! 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....
by GA Anderson 5 years ago
Found this on my Facebook wall - So I don't take credit for putting it out there.But... as a basic concept - sounds like a good starting point to meHere is what he supposedly said..."Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:"I...
by Ralph Deeds 7 years ago
Let me remind you why I’m writing. Just over two years ago, in September 2008, our country faced an economic meltdown. Fannie Mae and Freddie Mac, the pillars that supported our mortgage system, had been forced into conservatorship. Several of our largest commercial banks were teetering. One of...
by thecounterpunch 10 years ago
This is the testimony of Martin Armstrong a well-reknowned hedge fund manager: "At the start of the silver manipulation I was flat. I had taken all profits and closed out all short positions. Silver was trading around $4.29 when PhiBro walked across the ring and handed to my broker an order to...
by OLYHOOCH 6 years ago
Hay, Obama... To bad you did not think of this first. We The People, are, Ticked off, and are not as DUMB, as you think we are. WE, see the problem,,,, YOU DON'T. I just love this, so here it is again. We The People are Ticked Off..... NOTE FOLLOWS. Please note: forwarded message attached Subject:...
by David 6 years ago
Does anyone agree with Warren Buffet on how to end the debt ceiling in 5 minutes?In a recent interview he said that we could end the debt ceiling in less than 5 minutes by making it so if there's a deficit of more than 3%, all sitting members of congress are ineligible for re-election.
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