Warren Buffett says he can end the deficit in five minutes!

Warren Buffett speaking to a group of students...

Warren Buffett

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.

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10 Responses to Warren Buffett says he can end the deficit in five minutes!

  1. Dangerous Dan says:

    Although Warren Buffet did make that statement in July of 2011 as a tongue-in-cheek observation of how Congress works, the rest of this article, about him asking each addressee to forward this email to a minimum of twenty people on their address list, is a lie. If you report lies as journalism, then I guess everything else you report is suspect. Shame on you.

  2. KAREN JONES says:

    Do I see big biz shaking at the thought of their bucks going away too????

  3. Patty says:

    This is the most sense I have heard all year long…………

  4. Nael Suong says:

    Mr. Buffett is right. As long as we let the government take advantage of the people just because they have the title of “congressman” or “congresswoman” and they are exempt from being punished by the law and therefore create chaos..in various ways..within the walls of the government, eventually the American people will lose faith in our own governmental system and overthrow the government until someone truly honest steps out and proves that they CAN and WILL do the right thing to represent the people this time. Congress is made of people, just like the rest of us. They are no more special than we are. Therefore, they don’t need anything special. They deserve to get what we have and we deserve to get the benefits that they get. No more and of course no less. And like any other business, if they can’t do their job right, then they can lose their profits/money too. Equality is the key.

  5. Pingback: Congress-Writing Your Own Petition-Exercise « MeddlingMom

  6. Pingback: Congress Shall Make No Laws Exempting Themselves « emariaenterprises

  7. RISHAWN says:

    Look at Warren Buffett trying to not get Arrested with the rest of the Dark Cabal!!!! Go NESARA, BENJAMIN FULFORD, WHITE KNIGHTS, AND THE FEDERATION OF LIGHT!!!! LOVE PEACE AND ABUNDANCE!!

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