Sure fire way to fix our debt!
Posted: Mon Nov 19, 2012 12:42 pmWarren 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 any time there is a deficit of more than 3% of
GDP, all sitting members of Congress are ineligible for re-election."
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.
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 any time there is a deficit of more than 3% of
GDP, all sitting members of Congress are ineligible for re-election."
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.