Wednesday, March 21, 2012

SortingThe Deficit

I am not sure the Sage of Omaha's prescription for budget deficit cutting is very sound, but the Congressional Reform Act proposed sounds interesting. Check it our and pass it on if you feel like.
Warren Buffett, 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. "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 one (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


Congressional Reform Act of 2012 _

1. No Tenure / No Pension.

A Congressman/woman collects a salary while in office and receives no

Pay when they're out of office.

2. Congress (past, present & future) participates in Social


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/women are void

Effective 6/1/12. The American people did not make this

Contract with Congressmen/women.

Congressmen/women 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. Don't you think it's time?



bobskoot said...

Mr Conchscooter:

this all sounds too logical

Riding the Wet Coast

Conchscooter said...

Except you don't count as one of the twenty becos you're furrin.

Len said...


Story Girl said...

Pinned to Pinterest with link back to your blog! Let's hope more than 20 see it!!!