How to Rein in Congress, the President, & the Debt

How to Rein in Congress, the President, & the Debt - Take Away Power From President and Congress

Warren Buffett, in a recent interview with CNBC, offered the best proposal ever heard, re how to fix, in one swell foop, the debt ceiling, congress, and the presidency. Buffett said:

"I could end the deficit in 5 minutes. 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 ineligiblefor re-election." And (my addition)  apply the same law to the President.

How realistic is this, and how fast can this be done? Well...

-> The 26th amendment (granting the right to vote for 18 year-olds) took only 3 months & 8 days to be ratified!

-> Of the 27 amendments to the Constitution, seven (7) took one (1) year or less to become the law of the land.

Warren Buffet is asking each addressee to forward this to as many people as possible:

Proposed Congressional and Presidential Reform Act of 2012

1. No Tenure / No Pension: A Congressman/woman and the President collects a salary while in office and receives no pay when they're out of office.

2. Congress (past, present & future) and the President participate in Social Security.

All funds in the Presidential and 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 and the President can purchase their own retirement plan, just as all Americans do.

4. Congress will no longer vote themselves or the President a pay raise. Congressional and Presidential 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 and the President must equally abide by all laws they impose on the American people.

7. All contracts with past and present Congressmen/women and the President are void effective 12/1/12. The American people did not make this contract with Congressmen/women or with the President.

Congress made all these contracts for themselves. Serving in Congress is an honor, not a career. The Founding Fathersenvisioned citizen legislators, so ours should serve their then go home and back to work.

THIS IS HOW YOU FIX CONGRESS, THE PRESIDENCY, THE GOVERNMENT, AND THE DEBT!!