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I
recently received an email with some of the below information included. After checking with Snoops.com to verify the
quote by Warren Buffett – thought it was worthwhile sharing on this Blog.
Please let
us know what you think. Thanks
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Warren Buffett said during on July 7, 2011 in interview
with CNBC’s Becky Quick:
“I could
end the deficit in 5 minutes. 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”. (Verified at Snoops.com
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The 28th
Amendment concept has been around since at least 2009 and has had more than one
name – though recently it has been the Congressional Reform Act (2010, 2011,
2012 and probably 2013). I support this
concept and believe it is long overdue and probably the first or second step in
cleaning up the mess that has been created during the past several decades.
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Congressional Reform Act (AKA 28th
Amendment, etc.)
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 upon signing of the
bill. 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.
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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 CONGRESS!
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So much truth in this article!
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