10 November 2011

Warren Buffet on Fixing the Economy

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 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 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

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.


Posted via email from nickvt's posterous

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