Warren Buffet on ending the deficit.

DennisTate · Feb 5, 2020

There may be a better forum for this but I think it fits over here quite nicely!

The not so funny part of this..... is that this is probably true!

November 10, 2019

Warren Buffett, "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.

*Congressional Reform Act of 2019*

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 7/1/19. 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.
Click to expand...

Now that I have found the original I am glad to see that this is both......... not entirely serious.... but not entirely a joke as well!

Warren Buffett's 5-Minute Plan to Fix the Deficit

jay runner · Feb 5, 2020

DennisTate said: ↑

There may be a better forum for this but I think it fits over here quite nicely!

The not so funny part of this..... is that this is probably true!

November 10, 2019

Now that I have found the original I am glad to see that this is both......... not entirely serious.... but not entirely a joke as well!

Warren Buffett's 5-Minute Plan to Fix the Deficit

Click to expand...

That be mighty egalitarian.

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Warren Buffet on ending the deficit.

DennisTate Well-Known Member Past Donor

jay runner Banned

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Warren Buffet on ending the deficit.

DennisTate Well-Known Member Past Donor

jay runner Banned

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