Tuesday, August 14, 2012

The "Warren Buffett" Reform Act

Below is one of those emails that get passed around, it is much to logical for our elected officials to considered;

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.

Congressional Reform Act of 2012

No Tenure / No Pension. A Congressman/woman collects a salary while in
service and receives no pay when they're out of office.


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.

Congress can purchase their own retirement plan, just as all

Americans do.
Congress will no longer vote themselves a pay raise.
Congressional pay will rise by the lower of CPI or 3%.

Congress loses their current health care system and participates
in the same health care system as the American people.


Congress must equally abide by all laws they impose on the

American people.

All contracts with past and present Congressmen/women are void

effective 12/1/12. The American people did not make this
contract with Congressmen/women. Congress
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.


Dixie said...

Awesome! Let's do it NOW!

Muthu Pearl said...

nice quotes. thanks for sharing this quotes of Warren Buffett with us.