Reading my email today I came a cross a few suggestion from Warren Buffett,offering a few suggestion on how to fix the deficit in 5 minutes.
He suggests
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 and future]participates in Social Security. All funds in the Congressional retirement fund moves to the Social Security system immediately.All future funds flow into 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, like all Americans do.
4. Congress will no longer vote themselves a raise.Congressal pay will raise by the lower CPI or 3%.
5. Congress will lose their current health care system and participates in the same health care system as the American people.
6. Congress must equally abide all laws they impose on the American people.
7. All contracts with the past and present Congressmen are void effective 1/1/2012. The American people did not make this contract with Congressmen. Congress made all the contracts for themselves.
SERVING IN CONGRESS IS A HONOR,NOT A CAREER.
The founding Fathers envisioned citizen legislators,so ours should serve their term[s], then go home and back to work.
This is how you fix Congress.
Warren Buffet is a smart man don't you think. We should demand this from our Congressman and simply do as suggested by a wise man.
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