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Warren Buffett on fixing Congress

Posted November 2nd, 2011 in Community, IBW Updates by Tyler

Let me start off by stating that I am not a big Warren Buffett fan. I wouldn’t kneel at his presence. He has done well for himself, but I certainly don’t agree with everything he says or does.

This however is a very good point and I wanted to share it with you. Talking about something doesn’t do much, but by thinking about it and then discussing it, I hope action will happen.

So, here is his plan:

“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.

Please share your opinion on this and definitely FORWARD this to other people you know. It’s time to break down the current system and change it.