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Thu Jan 3, 2013, 08:02 AM

"I could end the deficit in 5 minutes" = Congressional Reform Act of 2012

This popped in my FaceBook News feed today:

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 one (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 2012

1. No Tenure / No Pension.

A Congressman/woman collects a salary while in office and receives no
pay when they're 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/women are void
effective 12/1/12. The American people did not make this
contract with Congressmen/women.


Congress 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. Don't you think it's time?

27 replies, 4172 views

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Arrow 27 replies Author Time Post
Reply "I could end the deficit in 5 minutes" = Congressional Reform Act of 2012 (Original post)
Coyotl Jan 2013 OP
surrealAmerican Jan 2013 #1
proud2BlibKansan Jan 2013 #17
Make7 Jan 2013 #18
proud2BlibKansan Jan 2013 #19
Scuba Jan 2013 #2
Aldo Leopold Jan 2013 #4
riqster Jan 2013 #3
another_liberal Jan 2013 #5
freshwest Jan 2013 #12
proud2BlibKansan Jan 2013 #16
another_liberal Jan 2013 #20
proud2BlibKansan Jan 2013 #21
another_liberal Jan 2013 #22
proud2BlibKansan Jan 2013 #23
another_liberal Jan 2013 #24
proud2BlibKansan Jan 2013 #25
RC Jan 2013 #6
Ed Suspicious Jan 2013 #7
zeemike Jan 2013 #8
RevStPatrick Jan 2013 #9
garthranzz Jan 2013 #10
RevStPatrick Jan 2013 #11
Coyotl Jan 2013 #14
Chorophyll Jan 2013 #13
demwing Jan 2013 #15
No Compromise Jan 2013 #26
libdem4life Jan 2013 #27

Response to Coyotl (Original post)

Thu Jan 3, 2013, 08:07 AM

1. Full of inaccuracies and not written by Warren Buffett

Your Facebook friend apparently didn't check Snopes.

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Response to proud2BlibKansan (Reply #17)

Thu Jan 3, 2013, 11:18 AM

18. "The rest of the lengthier e-mail in circulation... has nothing to do with Warren Buffett."

"The rest of the lengthier e-mail in circulation (see example quoted below) has nothing to do with Warren Buffett."


http://www.snopes.com/politics/quotes/buffett.asp

 

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Response to Make7 (Reply #18)

Thu Jan 3, 2013, 11:20 AM

19. Thanks.

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Response to Coyotl (Original post)

Thu Jan 3, 2013, 08:11 AM

2. This has been debunked countless times.

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Response to Scuba (Reply #2)

Thu Jan 3, 2013, 08:30 AM

4. Including just days ago on this very site

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Response to Coyotl (Original post)

Thu Jan 3, 2013, 08:28 AM

3. You have caught the Internet Gullibility Virus

The only cure is to check these sorts of things before passing them along.

Twenty seconds would have sufficed to reveal that you have been suckered. It's not too late to be cured, though.

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Response to Coyotl (Original post)

Thu Jan 3, 2013, 08:42 AM

5. Congress shouldn't have our health care system . . .

Congress shouldn't have the health care system most Americans have, all Americans should have the same single payer health care system Congress already has.

And, exactly what is wrong with pensions? Why wouldn't we want retired Congress members to have a pension?

As several posters have already suggested, this whole idea smacks of Tea Party influence not Warren Buffet.

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Response to another_liberal (Reply #5)

Thu Jan 3, 2013, 10:27 AM

12. Agree all. Baggers circulate this one and term limit, 'throw 'em all out!' ones.

The Senate and House work on a system of seniority. Most voters aren't that stupid and willing to lose what advantages they have now. And even if they did toss them out, the big money in their states would ensure pure plutocratic candidates. If they don't like what they're doing, they limit their term via the next election. Spam emails are now OPs. Oh, well.

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Response to another_liberal (Reply #5)

Thu Jan 3, 2013, 10:59 AM

16. They have the same health insurance all federal employees have.

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Response to proud2BlibKansan (Reply #16)

Fri Jan 4, 2013, 01:04 PM

20. I think you are wrong about that.

Members of Congress have a more generous health care program, and a more generous pension program as well.

I will see if I can find you a link to the info.

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Response to proud2BlibKansan (Reply #21)

Fri Jan 4, 2013, 01:41 PM

22. Check that source again, my Jay Hawk friend.

If you read down that source you linked to a bit more carefully, you will see a paragraph which begins with the sentence:

"In addition, members of Congress also qualify for some medical benefits that ordinary federal workers do not."

The details follow.

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Response to another_liberal (Reply #22)

Fri Jan 4, 2013, 01:54 PM

23. BFD. They pay $500 a year for a doctor.

I pay less than that for urgent care at Walgreens.

I also don't find the care at Walter Reed to be such a great benefit either. As my former congress rep told me "Would you want to get treatment there after hearing about how badly they are caring for our wounded troops?"

So no, not such a "generous" program.

As for their pension, they USED TO have a great pension program but that was done away with 20 years ago. Now they are on the same pension plan as all other federal employees.

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Response to proud2BlibKansan (Reply #23)

Fri Jan 4, 2013, 02:00 PM

24. Walter Reed handles Congressmen and Senators a little differently.

Don't you think, or don't you?

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Response to another_liberal (Reply #24)

Fri Jan 4, 2013, 02:48 PM

25. My rep wasn't impressed.

He flew home for his necessary out patient surgery.

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Response to Coyotl (Original post)

Thu Jan 3, 2013, 08:59 AM

6. The health care of Congress critters is the same as with ALL Federal employees.

 

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

It is some version of Blue Cross/Blue Shield.
All Congress Critters are Federal Employees and enjoy the same right and benefits as any other Federal employee. So #1 is already null and void. Unless you want to take away the benefits of the rest of the federal work force.

#2 is a good idea, as they do not now.

# 3 They already do do this.

#4 has some merits, but it's own set of gotchas. Why? Because the federal government is already cooking the economic books.

#6 Is a good one to implement. They do exempt themselves form some laws they pass.

#7 What does this one even mean? Grover Norquist's "No New Taxes"? Then say so.

Congress shouldn't have the health care system most Americans have, all Americans should have the same single payer health care system Congress already has.


You are correct in that we all should have Single Payer, Universal Health Care in this country, no matter who we are or where we are in the economic ladder.
But Congress does not have Single Payer health insurance.

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Response to Coyotl (Original post)

Thu Jan 3, 2013, 09:01 AM

7. When GDP drops is exactly the time you want your government to be able

to deficit spend. The posted idea would lead to horrible austerity and a downward deflationary spiral.

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Response to Coyotl (Original post)

Thu Jan 3, 2013, 09:08 AM

8. And still would not solve the basic problem

And could make it worse...as a poor congressman is easier to buy than a rich one....and buy them they will.
The real problem is the corrupting influences of big money on the system...and even more so now when the big money is in the billions instead of the millions...that makes buying congressmen really cost effective.

Want to really shut it down?...Then you need to make laws preventing any congressman from taking any gratuities and establish an enforcement system that aggressively pursues any corruption.

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Response to Coyotl (Original post)

Thu Jan 3, 2013, 09:24 AM

9. This shit again? Here on DU???

 




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Response to RevStPatrick (Reply #9)

Thu Jan 3, 2013, 09:30 AM

10. Can I get a copy of that?


The "Double FacePalm" is now a buzz word!

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Response to garthranzz (Reply #10)

Thu Jan 3, 2013, 09:45 AM

11. I just did a Google image search for Facepalm...

 

Every one you could ever want popped up!

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Response to garthranzz (Reply #10)

Thu Jan 3, 2013, 10:50 AM

14. Right-click it to copy

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Response to Coyotl (Original post)

Thu Jan 3, 2013, 10:50 AM

13. Hoax. nt

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Response to Coyotl (Original post)

Thu Jan 3, 2013, 10:55 AM

15. You should self-delete, or at least disclaim the content

this is debunked, and documented in this thread.

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Response to Coyotl (Original post)

Fri Jan 4, 2013, 03:24 PM

26. sounds about right...

 

The Founding Fathers
envisioned citizen legislators, so ours should serve their
term(s), then go home and back to work.

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Response to Coyotl (Original post)

Fri Jan 4, 2013, 03:38 PM

27. How about we just substitute "John Doe" for Warren Buffet and proceed with the Fwd

...edit or resend with a notation that it's great information from an unknown source. Proceed, Voters and Citizens.

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