Warren Buffet and Congressional reform

[Philip]

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
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 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
people.

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.

[fightingquaker13]

I'm for it. Doubly so since wathching them try to hem and haw their way out of it will make C-span must see TV.
FQ13 who will be out shopping for popcorn.

[tombogan03884]

Sounds great but I doubt like hell the actual author is Obama tool Buffet.

[twyacht]

We'll see....."Congress still has to "pass it"....The Dems...in the Senate, Harry Reid? Mr. Arrogance? Please... The establishment Rep's.
RINO's......C'mon....

It damn sure won't be this Congress..

When was this recent interview with CNBC....? Before he sounded like an assclown regarding his secretary and taxes? or after?

[bjtraz]

Likewise, I've seen similar emails to this, but this is the first time that I've seen Warren Buffet's name associated with it. Somebody thought it would hold more credence if he said it.  

Brian

[Sponsor]

[twyacht]

Hello Philip. Welcome to DRTV. If you have a link would you mind posting it, via copy & paste? It adds at least a link that we can see for ourselves, and credibility to your post.

I would love to see this as a verifiable and actual quote....

Thanks

tw

[Timothy]

No offense but I call BS on this statement.

We all know that Congress people and Senators pay into Social Security.  We had that particular discussion several times and every time I have to post the link to prove it.  They're basically just like the Military in that regard.

I'm not going to find the link again but it ain't that difficult to find.

[bluesman001]

http://www.factcheck.org/2011/03/congressional%2Dreform%2Dact/