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"Congressional Reform Act of 2012" as suggested by Warren Buffet

Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling and polotics:

"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 says "If each of us would forward this recommendation to a minimum of twenty people ; 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 called "Congressional Reform Act of 2012"  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?

The KISS principal.

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Tags: 2012, Act, Buffet, Congress, Congressional, Reform, Security, Social, Warren, of

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Comment by Yvonne Starks on April 25, 2012 at 12:49am

Why do some of these celebrities sound so conservative, but when it comes to the nitty-gritty, they are liberal to the point of socialistic/Communistic in their voting, opinions, contacts, and actions?   This, for instance, is sooooo far off the Democrat agenda, it isn't even funny and that is exactly Buffet's direction.....always Democrat. 

Look at his current tax stance:  He's for "the rich" paying more (all this stupid foolishness over his secretary paying higher taxes; it's his choice so basically a lie) and believes in higher taxes for BIGGER GOVERNMENT..... 

But...does he actually live what he's saying?   Well, no.  In fact, one of his companies is fighting against paying the millions (or is it a billion) of dollars he owes the IRS.

This whole idea of reining in Congress IS good, however.  Just don't like hypocrites. 

Thank you for your support!

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