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

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

    Found this on the Internet and thought I'd share it with you...


    "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 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 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?


    THIS IS HOW YOU FIX CONGRESS!


    Alastair

  2. Thanks FriedaKateM, Lizzie thanked for this post.
  3. #2

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

    He is certainly in the forefront espousing the wrongs against democracy and gives truth to reason on many issues. BUT, I wonder if he is having a fit of late-life guilt to redeem himself and placate his conscience for the years he hauled in his billions.
    Dampen your cynicism, Lizzie. He might well be a grand old fellow with a very moral heart.

  4. Thanks FriedaKateM thanked for this post.
    Like 1938 Observer liked this post.

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