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Monday, January 16, 2012

Sounds fine to me. Live like the rest of us!

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 2012*

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
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.

posted by Ken Dillenburg