Non-Partisan Solution to National Debt...Maybe - Maybe Not?
By
Micheline
Well the national debt continues to skyrocket out of control. The U.S. dollar keeps shrinking. Warren Buffet has come up with a plan. I received this email as the pass it around to 20 people who care about the hole this nation is in. So I thought I would share it this week as my blog. Mind you I haven't fact-checked any of this stuff but at least it sounds good. Sounds better than all the other bull we are handed.
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 1 year or less to become the law of the
land...all because of public pressure."
Here it is:
*Congressional Reform Act of 2012*
1. No Tenure / No Pension. A Congressman 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 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 are void.
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
should serve their term(s), then go home and back to work.
By the way, No one has been able to explain to me why young men and women who serve in
the U.S. Military for 20 years, risking their lives protecting freedom,
only get 50% of their pay for retirement, while Politicians hold their
political positions in the safe confines of the capital, protected by
these same men and women, and receive full pay retirement after serving
one term. It just does not make any sense.
Proposed 28th Amendment to the United States Constitution:
"Congress shall make no law that applies to the citizens of the United States that does not apply equally to the
Senators and/or Representatives; and, Congress shall make no law that applies to the Senators and/or Representatives that does not apply
equally to the citizens of the United States ."
If you resonate with the solution then pass it on to your associates. Desperate times resorts to desperate measures. And the race to the White House continues...
Support your local satire writer. Buy my books on Kindle.
XOXO
Micheline
http://www.amazon.com/s/ref=ntt_athr_dp_sr_1?_encoding=UTF8&search-alias=digital-text&field-author=Micheline%20Birger
Micheline
Well the national debt continues to skyrocket out of control. The U.S. dollar keeps shrinking. Warren Buffet has come up with a plan. I received this email as the pass it around to 20 people who care about the hole this nation is in. So I thought I would share it this week as my blog. Mind you I haven't fact-checked any of this stuff but at least it sounds good. Sounds better than all the other bull we are handed.
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 1 year or less to become the law of the
land...all because of public pressure."
Here it is:
*Congressional Reform Act of 2012*
1. No Tenure / No Pension. A Congressman 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 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 are void.
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
should serve their term(s), then go home and back to work.
By the way, No one has been able to explain to me why young men and women who serve in
the U.S. Military for 20 years, risking their lives protecting freedom,
only get 50% of their pay for retirement, while Politicians hold their
political positions in the safe confines of the capital, protected by
these same men and women, and receive full pay retirement after serving
one term. It just does not make any sense.
Proposed 28th Amendment to the United States Constitution:
"Congress shall make no law that applies to the citizens of the United States that does not apply equally to the
Senators and/or Representatives; and, Congress shall make no law that applies to the Senators and/or Representatives that does not apply
equally to the citizens of the United States ."
If you resonate with the solution then pass it on to your associates. Desperate times resorts to desperate measures. And the race to the White House continues...
Support your local satire writer. Buy my books on Kindle.
XOXO
Micheline
http://www.amazon.com/s/ref=ntt_athr_dp_sr_1?_encoding=UTF8&search-alias=digital-text&field-author=Micheline%20Birger