Warren Buffet Knows How to End the National Deficit

Discussion in 'General Discussion' started by Ganado, Aug 9, 2016.

  1. Ganado

    Ganado Monkey+++

    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.
    Warren Buffet is asking everybody to share this and ask their friends to do likewise.
    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 1/1/2017. 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.
    If you agree with the above, pass it on.
    hank2222, Aeason, duane and 7 others like this.
  2. Caveman Jim

    Caveman Jim Goin for the Glory

    I say "Make it so Number one"!!!
  3. Oltymer

    Oltymer Monkey++

    Sounds like a solid plan, even though we're dealing with teflon weasels, but I still like it.
  4. OldDude49

    OldDude49 Just n old guy

    Looks good to me... BUT can ya get it through legislation...
  5. SB21

    SB21 Monkey+++

    I've been saying some of these things for quite a while , and so have other's I know . I will be passing this around . Thank you .
  6. Gopherman

    Gopherman Sometimes I Wish I Could Go Back to Sleep

    Be careful walking out of your house, watch for "Sober, Drunk Drivers!"[peep]
    Ganado likes this.
  7. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    I think they have been doing #2 (reference Social Security) for quite a while now. I don't have time to look it up this morning but I believe so...
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