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Monday, 10/24/2011 12:20:06 AM

Monday, October 24, 2011 12:20:06 AM

Post# of 447858
Subject: Warren Buffett goes viral

A worthy consideration....

"I can usually tell when an idea catches fire on the Internet because it comes to me from all directions at an accelerating rate. Here's an idea (from Warren Buffett) that's going viral very rapidly." --Rick Ingrassi
Warren Buffett's quotes about the debt ceiling and "Congressional Reform Act of 2011" 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.
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Congressional Reform Act of 2011

1. No Tenure / No Pension. A Congressman collects a salary while in officeand receives no pay when they are out of office.

2. Congress (past, present & future) participates in Social Security. Allfunds 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 Americansdo.

4. Congress will no longer vote themselves a pay raise. Congressional paywill rise by the lower of CPI or 3%.

5. Congress loses their current health care system and participates in thesame health care system as the American people.

6. Congress must equally abide by all laws they impose on the Americanpeople.

7. All contracts with past and present Congressmen are void effective1/1/12. 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 takethree days for most people (in the U.S.) to receive the message. Maybe it is time.


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