Friday, October 21, 2011

Notes from the sage and me.

Food for thought.

Warren Buffett, in a recent  interview with CNBC, offers one of the    

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 

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 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
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 2011*

1. No Tenure / No Pension.  A Congressman collects

a salary while in office 
and receives no pay when they are out of 


 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.


Congress can purchase their own retirement plan, just as all 


4. Congress will no longer vote  themselves a pay 

raise.  Congressional pay
 will rise by the lower of CPI or 3%. 


Congress loses their current health care system and participates in 

 same health care system as the American people. 

6. Congress 

must equally abide by all laws they impose on the American


 7. All contracts with past and present Congressmen are 

void effective
The American people did not make this 

contract with Congressmen. Congressmen 
made all these contracts 

for themselves. Serving in Congress is an honor,
not a career. The 

Founding Fathers envisioned citizen legislators, so ours

serve their term(s), then go home and back to work.

And here's my 2 cents.


Salary of retired US Presidents .............$450,000  FOR LIFE 

Salary of Speaker of the House .............$223,500  FOR LIFE

Salary of Majority/Minority Leaders .....$193,400  FOR LIFE

Average salary of a soldier DEPLOYED IN 

      Afganistan- $38.000

Average income for seniors on

   SOCIAL SECURITY - $12,000

"nuff said"

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