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    Posted October 20, 2011 by
    fredericp
    Location
    SARASOTA, Florida
    Assignment
    Assignment
    This iReport is part of an assignment:
    Obama's debt cutting plan

    Just a thought from Warren Buffet

     

    Subject: FW: just a thought 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.         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. Maybe it is time.         THIS IS HOW YOU FIX CONGRESS!!!!!         If  you agree with the above, pass it on. If not, just delete.         You  are one of my 20+.. Please keep it going.

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