Warren Buffet says he can end the deficit in 5 minutes

Warren 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 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.

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.

THIS IS HOW YOU FIX CONGRESS!

Source

0 comments

Add your comment

Nickname:
E-mail:
Website:
Comment:

Other articlesgo to homepage

‘We were told to lie’ – Bank of America employees open up about foreclosure practices

‘We were told to lie’ – Bank of America employees open up about foreclosure practices(0)

Employees of Bank of America say they were encouraged to lie to customers and were even rewarded for foreclosing on homes, staffers of the financial giant claim in new court documents. Sworn statements from several Bank of America employees contain a number of damning allegations, the latest claims entered as evidence in a multi-state class

Obama hints that Bernanke is on the way out

Obama hints that Bernanke is on the way out(0)

President Barack Obama has proclaimed that Federal Reserve Chairman Ben Bernanke stayed in his post longer than he should have, which has raised speculation that the bank chief may soon be on his way out. In an interview with Charlie Rose, the president hinted that he would not renominate Bernanke when his current term expires

A list of 50 charities that keep almost all donations as profit

A list of 50 charities that keep almost all donations as profit(0)

Totals from the latest 10 years of available federal tax filings 1 Kids Wish Network $127.8 million $109.8 million 2.5% 2 Cancer Fund of America $98.0 million $80.4 million 0.9% 3 Children’s Wish Foundation International $96.8 million $63.6 million 10.8% 4 American Breast Cancer Foundation $80.8 million $59.8 million 5.3% 5 Firefighters Charitable Foundation $63.8

Detroit rock bottom: City announces $2.5bn debt default

Detroit rock bottom: City announces $2.5bn debt default(0)

Detroit said it will stop making payment on $2.5 billion of the city’s massive $18.5 billion debt and has asked creditors to accept 10 cents in the dollar of what the city owes them in a bid to avoid the largest municipal bankruptcy filing in US history. Detroit Emergency Manager Kevyn Orr said the city

Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance

Gold Buying Panic In China: 10,000 People Wait In Line For Their Chance(0)

Mac Slavo SHTF Plan One day in the near future Americans will finally realize that their money is being devalued at a rapid pace. For the time being the price increases are somewhat muted by official announcements of inflation being under control at around 2% and purported economic recovery on the horizon. The Federal Reserve

read more
Subscribe Via Email



Visitors Online:



Contacts and information

Social networks

Most popular categories

USAHITMAN.com -- Fully Supports The Freedom of Speech