DawgTalkers.net Forums DawgTalk Everything Else... One of those emails we all get, but with a twist

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A sensible idea from Warren Buffett



Finally, here is something that we , the citizens, can do
to stop the madness;
and to get us into action mode
instead of complaining;
we do have the power;
it has been done before;
let's do it
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We do have the power.




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 AMERICA .


If you agree, pass it on. If not, delete. You are one of my 20+ - Please keep it going, and thanks.

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anytime there is a deficit of more than 3% of GDP

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anytime there is a deficit of more than 3% of GDP

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Government spending is counted as one of the primary components of GDP, so all they'd do is borrow even more to spend now. Whammo, increased GDP (or at least avoiding going above that 3% line).
Payments spread across future years, massive increase in GDP for this year.
Wash. Rinse. Repeat.

They could keep that up for probably close to two decades before it couldn't be avoided any longer.... and, actually, it isn't very different at all from the game they play now.

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Well, you've narrowed down on component that can be addressed, limit borrowing so that the GDP can't be impacted

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I agree with much of it but it's like he's calling for term limits without really calling for term limits.... and I doubt this ever started with Buffett... somebody probably compiled a couple of his ideas, added some of his own and put Buffetts name on it because as you said, you are more likely to read it if it's credit to Buffett and not Larry Jones, retired postal carrier in Indiana.

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I kinda look at some of it and say,, ya know, what the hell makes our elected officials any better than you and me. The answer is, nothing. So we give them the Gravy train to ride. Well, the part about making them accountable is dead on IMO. The Part about them being no better than us and having to live on SS or Medicare or what ever is right on point and the part about them getting elected, doing their job then leaving office and going back to work is right on point as well.

I'm not at all convinced that all or any of that can be accomplished. But some of it certainly should be. Especially the accountability part.

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How about we just pass a balance budget amendment, so that Congress has to balance their books each year, instead of continuing to kick the damn can down the road.

I wish that someone would fill that damn proverbial can with cement so that those in Congress (and the White House) who want to just kick it down the road would bust a toe, foot, and/or ankle trying to kick it.

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so...

Warren is calling for accountability. He is calling for people to be competent at their job. And having that accountability forced through external law or other measure...

We cant have that...those are preposterous

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I'm actually not convinced that Warren Buffett said any of that.

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I'm actually not convinced that Warren Buffett said any of that.

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http://www.cnbc.com/id/43670783/Warren_Buffett_s_5_Minute_Plan_to_Fix_the_Deficit

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