Re: (OT) "I can end the defecit in 5 minutes," Warren Buffett
- From: Jeff <jeff.utz@xxxxxxxxx>
- Date: Sun, 30 Oct 2011 14:39:14 -0700 (PDT)
On Oct 26, 11:08 am, "Ed S." <edspyhil...@xxxxxxxxx> wrote:
"ByTor" <By...@xxxxxxxxxxx> wrote in message
news:j891cu$7pk$1@xxxxxxxxxxxxxxxx
Warren Buffett, "I could end the deficit in 5 minutes," he told CNBC.
http://tinyurl.com/65m99p5
(Sorry for the advert, 05:18 is his comment if the rest hurts your head)
"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 rest *below* is just *fictional* it seems and not an actual outline
of Buffett's plan, just someone adding to it & wanted it forwarded in
emails.
*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 terms, then go home and back to
work.
The above are all very desirable laws that should be enacted. There is no
reason these bozos should get their sweetheart retirement and healthcare
deals.
Remember, next November, we get to determine who gets hired in the
job. It's called an "election."
.
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