Warren Buffet for President of USA

Snopes confirmed this is true, even if Warren Buffet didn’t ask for the message to be spread – it’s deserving of promotion.

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.

4 thoughts on “Warren Buffet for President of USA

  1. Yes, Snopes confirms the initial WB quote to MSNBC, but not the remainder of the email that’s going around. More info on a similar case here: http://www.snopes.com/politics/medical/28thamendment.asp

    In particular, note that this amendment would have to be passed by 2/3 of each house of Congress (good luck), or else 2/3 of state legislatures would have to call a Constitutional Convention. The last time we had one (1787 – to smooth out a few wrinkles on taxes and executive authority and such) we got a whole new constitution. I don’t think I want our current crop of politicians opening up that can of worms.

    (Also, Congress members – past, present and future since 1984 – already participate in Social Security, and contribute to their pension funds out of their pay.)

    (Also also – a provision in the heath care reform act prevents the federal government from offering a health care plan to Congress members or staffers that was not created as part of the act, or is available through the exchanges created by the act. They are, of course, allowed to purchase their own, better, plan just as citizens are.)

    (Also also also – Congress can’t vote *itself* a pay raise. It can only vote a raise for the *next* Congress. That’s due to the 27th Amendment, proposed 1789 as part of the Bill of Rights, and ratified in 1992.)

    I’m just not sure that we’d be better off with “citizen legislators” than with career specialists, those who devote their lives to studying problems of policy, public health, foreign relations and history. We’ve already seen some of the results of amateurs run amok with the Tea Party freshmen class.

    Specialization generally leads to greater efficiency, but requires stable infrastructure to support such specialists. Generalization especially leads to greater stability and durability when a system is under stress, but is inefficient and uncompetitive in a healthy, rapidly growing environment. Somewhere there is a balance between these that we need to find, and it may be a different one depending on the state of the world.

    I would, instead, like to see the absurd amounts of money removed from political campaigning.

    Happy Halloween, ladies!

    –James

    • Yes, stable infrastructure comes at a cost of taxes.

      Plus, there’s the flaw you point out – rule by the people is basically rule by the mob – and mobs aren’t knowing for carefully considered and thought out plans.

      Happy Halloween back at you!

      Or are the religious in your area deciding to go against this most chocolatey of holidays?

      • The religious in our area mean that we are careful to refer to our October 28th school family fun night as a “Fall Festival” instead of a “Halloween Carnival” (Rebecca did a wonderful job of planning and running it, again!), but this is just the overcaution of a school district dependent on community support for funding.

        Some in our neighborhood tend to go a bit overboard with the decorations, and have a lot of fun (though I’m normally at home dishing out the candy.) No problems with Halloween where we live!

        –James
        (Sworn off the chocolate and other candy through April for dietetical rather than theological reasons 🙂 ).

        • The only problems we have are that so few kids come down our cul de sac that I am too disheartened to give out candy.

          so one more house goes dark and even fewer kids bother to come down the street.

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