I don’t usually write about politics; the topic opens up too many cans of worms on what is geared to be a laid-back blog. But as the American political system makes its way to a debacle better known as the Fiscal Cliff of 2012, I found a quote by Warren Buffet that I would like to share with you all.
“I could end the deficit in 5 minutes,” Warren Buffet 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 took one year or less to become the law of the land – all because of public pressure.”
Congressional Reform Act of 2013
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 1/1/13. 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.
Don’t you think it’s time we rethought American politics and its politicians?