Fw: Warren Buffett's idea on how to resolve the National Debt

[Lillian Dean]

Subject: Fwd: Warren Buffett's idea on how to resolve the National Debt

 

 

Begin forwarded message: Subject: Warren Buffett's thoughts about the National Debt   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 one (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 2012  1. No Tenure / No Pension.  A Congressman/woman collects a salary while in office and receives no pay when they're 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/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. 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. Don't you think it's time? THIS IS HOW YOU FIX CONGRESS! If you agree, pass it on. If not, delete. You are one of my 20+ - Please keep it going, and thanks       --               -- ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~