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an idea from Warren Buffet to end the deficit

  1. SparklingJewel profile image75
    SparklingJewelposted 6 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
    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

    1. Petra Vlah profile image60
      Petra Vlahposted 6 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!

      1. Cagsil profile image61
        Cagsilposted 6 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.

  2. Cagsil profile image61
    Cagsilposted 6 years ago

    Interesting. I like it. lol

  3. knolyourself profile image60
    knolyourselfposted 6 years ago

    Buffet pretends to be a liberal.

    1. Cagsil profile image61
      Cagsilposted 6 years agoin reply to this

      Now that's an utterly ridiculous statement. roll

  4. paradigmsearch profile image91
    paradigmsearchposted 6 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...


  5. kerryg profile image87
    kerrygposted 6 years ago

    I could get behind most of those ideas! smile

    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.