Warren Buffett's quotes about the debt ceiling and "Congressional Reform Act of 2011"
Clear and concise ...Please read to the end. Interesting and important to know.
Warren Buffett, in a recent interview with CNBC, offers one of the bestquotes about the debt ceiling:
"I could end the deficit in 5 minutes," he told CNBC. "You just pass a lawthat says that anytime there is a deficit of more than 3% of GDP, allsitting members of Congress are ineligible for re-election. The 26thamendment (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 in1971...before computers, e-mail, cell phones, etc. Of the 27 amendments tothe Constitution, seven (7) took 1 year or less to become the law of theland...all because of public pressure.
Warren Buffet is asking each addressee to forward this email to a minimum oftwenty people on their address list; in turn ask each of those to dolikewise.In three days, most people in The United States of America will have themessage. 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 officeand receives no pay when they are out of office.
2. Congress (past, present & future) participates in Social Security. Allfunds in the Congressional retirement fund move to the Social Securitysystem immediately. All future funds flow into the Social Security system,and Congress participates with the American people. It may not be used forany other purpose.
3. Congress can purchase their own retirement plan, just as all Americansdo.
4. Congress will no longer vote themselves a pay raise. Congressional paywill rise by the lower of CPI or 3%.
5. Congress loses their current health care system and participates in thesame health care system as the American people.
6. Congress must equally abide by all laws they impose on the Americanpeople.
7. All contracts with past and present Congressmen are void effective1/1/12. The American people did not make this contract with Congressmen. Congressmenmade all these contracts for themselves. Serving in Congress is an honor,not a career. The Founding Fathers envisioned citizen legislators, so oursshould serve their term(s), then go home and back to work.
If each person contacts a minimum of twenty people then it will only takethree days for most people (in the U.S.) to receive the message. Maybe it istime.
Blog about Progressive ideas and commentary. Discussion on freedom and equality as basic tenets of our Democracy. What makes us different is what makes us diverse and in diversity there is both greatness and strength.
Thursday, October 20, 2011
Solution to the DEBT????
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About Me
- George Perezvelez
- I want to continue to add my voice and have a say in future development plans, affecting positive change on all issues, having a voice in local politics and representing communities by having a seat at the table and making a difference in the decision making process. I believe it is not only the right, but also the responsibility of interested and capable citizens to become engaged in local government policy by advising elected officials on important community-related issues. Serving on a Board or Commission is an excellent way to make a personal and tangible contribution.
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