This morning I received an email from a reader that I found very intriguing. After my initial read, I went about doing some other things but the idea just kept popping back into my head.
I re-read the email and have concluded the idea is a good one, so I’m posting it for you.
Warren Buffett has an idea. It is easy to understand. It is simple to initiate. And best of all, it can work.
Most of the email content is included below, though I’ve edited slightly space an clarification.
During an interview discussing the state of America and in particular, deficit spending, Mr. Buffet stated the following,
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.
Could it be that simple? It seems so. The email mentioned a few examples.
The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified! Why? 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.
Here is what has been outlined.
Congressional Reform Act of 2012
1. No Tenure / No Pension. A Congressional representative collects a salary while in office and receives no pay when they are 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 a 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 Congressional representatives are void effective 12/1/12. The American people did not make these contracts, Congress made all these contracts for themselves.
Serving in Congress is an honor, not a career. The founding fathers envisioned citizen legislators, not career politicians that are creating a ruling elite. They should serve their term(s), then go home and back to work.
Find your representative by using the Contact Congress page provided here at the site. Your search will return names, phone numbers and emails. Contact them via email. It’s fast. Heck, write them twice a week or twice a day if you’re up to it. Let them know we are not fools. We know the game they play and it is going to end because we say it is going to end.
Public pressure can do wonderful things. Citizen crusaders that move as one cannot be stopped.
If you agree, like and share this post and let’s stop this runaway train.
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