http://bharatkalyan97.blogspot.com/2011/10/warren-buffett-how-to-fix-congress-if.html
28.10.11
Warren Buffett – How to Fix Congress. If deficit > 3% of GDP, all sitting members of Congress become ineligible for re-election.
Warren Buffett suggests a simple, effective solution to fix Congress: If deficit > 3% of GDP, all sitting members of Congress become ineligible for re-election.
What are the prospects of a similar move in India to declare all sitting members of Parliament ineligible for election, if the illicit wealth stashed in tax havens is not brought back to India within the next months?
Kalyanaraman
Warren Buffett – How to Fix Congress
Posted on October 16, 2011 by Regis Tremblay
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.
THIS IS HOW YOU FIX CONGRESS!!!!!
If you agree with the above, pass it on. If not, just delete.
http://regtremblay.wordpress.com/2011/10/16/warren-buffett-how-to-fix-congress/
What are the prospects of a similar move in India to declare all sitting members of Parliament ineligible for election, if the illicit wealth stashed in tax havens is not brought back to India within the next months?
Kalyanaraman
Warren Buffett – How to Fix Congress
Posted on October 16, 2011 by Regis Tremblay
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.
THIS IS HOW YOU FIX CONGRESS!!!!!
If you agree with the above, pass it on. If not, just delete.
http://regtremblay.wordpress.com/2011/10/16/warren-buffett-how-to-fix-congress/
Kalyanaraman
Member, Action Committee Against Corruption in India (ACACI)
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