"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 percent of (Gross Domestic Product), 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 and eight days to be ratified.
The people demanded it. That was in 1971 - before computers, e-mail, cell phones and other electronic gadgets.
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.
Warren Buffet is asking each addressee to forward this email to a minimum of 20 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 2012
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 Consumer Price Index or 3 percent.
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 Dec. 1, 2012. The American people did not make this contract with Congressmen/women.
This is a great e-mail from Warren Buffet and I thought the OBSERVER might want to print it.
Thank you. Problem solved.
Adam R. Zybert IV is a Cassadaga resident.