Buffett's Solution: Term Limits

I received this in an e-mail from a friend (yes - i do have a friend)  and damn if it doesn't sound right to me.  I have always said (and posted) that term limits on Congress would be the way to insure the elected worked for the country and not for their own re-election.


Buffett's solution





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.






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 2011*






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 effective


1/1/12.


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


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. Maybe it is


time.



Posted by
the Ol'Buzzard