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Warren Buffet has the right idea

  • Thread starter Thread starter eze2bme
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eze2bme

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Apr 12, 2005
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Hatteras Model
43' DOUBLE CABIN (1970 - 1984)
From a recent interview:

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.

*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!!!!!
 
This plan would be wonderful, but alas it will not happen in my lifetime......unless there is a loud enough cry from all of us regular folks. The problem is that we are either too cynical to think it could really come to pass and the very people who need to create and pass such legislation will never shoot themselves in the foot. I do agree with your post and will pass it along to my friends just in case I am proved wrong.

Walt
 
WOW !! that post lasted an hour as a new post...
 

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