Warren Buffet Proposes “Congressional Reform Act of 2011″

warren Warren Buffet Proposes Congressional Reform Act of 2011



Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:

“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 one (1) 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 twenty 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.

Warren Buffet proposes the “Congressional Reform Act of 2011″ to fix the current deficit.

  • No Tenure / No Pension. A Congressman/woman collects a salary while in office and receives no pay when they’re out of office.
  • 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.
  • Congress can purchase their own retirement plan, just as all Americans do.
  • Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
  • Congress loses their current health care system and participates in the same health care system as the American people.
  • Congress must equally abide by all laws they impose on the American people.
  • All contracts with past and present Congressmen/women are void effective 1/1/12. The American people did not make this contract with Congressmen/women. Congressmen/women 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.

If each person contacts a minimum of twenty people then it will only take three days for most people (in the U.S. ) to receive the message. Don’t you think it’s time?


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  • Anonymous

    Even if this were true (which it isn’t — just check the Snopes / Urban Legend  Fact Checker websites), this kind of “reform”  proposal (and the reality that a
    minority of ill-tempered members can trash the whole Congress,  like
    what’s happening now . . . ) would probably result in the populating of
    Congress with those least capable of making it work, a bunch of wealthy
    dilettantes with too much time on their hands, or more likely, a bank account
    fully loaded with the net results of their “connections”, and zero inclination
    to make it work for anything but their own momentary gain, or that of their
    friends (yeah, like the government that Grover Norquist imagines and would like
    to strangle in a bathtub, as would anyone, if only it were true)!)


    This is the Art of The Flim Flam:  take something simple,
    like an example of government foolishness or excess, declare it to be
    universally true, and then relentlessly attack any attempt to subject this
    declaration to any analysis not consistent with your purpose, in this case, to
    demonize government, and more easily, the Congress, or more personally, 
    the President.


    The Buffet Act idea purports to fix the “problem” of
    Congress.  But the problem is not really “Government” or “Congress” . . .
    it is simply THIS CONGRESS and the “new Republican” politicians that do NOT
    want to pay for anything, live for the free lunch and the unearned profit, that
    don’t care a fig about making  government work, hate education, idealize
    extreme wealth, believe Flim-Flam is the highest intellectual pursuit, as in
    “job-killing health care reform”, “job-killing government spending”, “EPA
    Seeking to Regulate God’s Dust!”, or “Obama’s War” or “millionaire
    job-creators”.  Heck, according to this Flim-Flam, anything government does,
    kills jobs, while everything a greedy money-man touches, boosts the
    economy.   And because all of Congress is presumed to be greedy
    money-grubbing self-interested cheats, except for those Anti-Congress
    Congressmen), we should kill ‘em all, cut off any incentive for them to be
    there as a career . . .  a bit like, “kill all the lawyers”, and why stop
    there?  There are some bad policemen, let’s kill all the policemen, kill
    all the IRS agents, kill the EPA, kill the census takers . . . kill all the teachers,
    all the union leaders if not all the members as well, kill all the students who
    protest, kill the doctors who don’t believe in the sanctity of the human sperm,
    and oh, yes, there are plenty of non-believers out there, in other lands who
    need to be saved or killed, who, if they would only believe unthinkingly in
    American Exceptionalism, will become, without any real effort, wealthy
    Republicans!  As if society or civilization itself has nothing to do with
    the quality of its government, the cruelest Flim-Flam going.


    This is not the Republican party of Lincoln, Teddy Roosevelt
    (who stopped Arizona politicians from turning the Grand Canyon into an
    amusement park – a wise financial decision), or Ike, (or even Alan Simpson),
    but the KoolAid-Energizer party of Ronald Reagan who smoothly developed the
    Flim-Flam into a full-blown ideology of irresponsible gutting of regulations,(
    ie the rules of fair play), and the Trickle-Up economy that resulted in the
    wealth of our nation’s production being channeled to the very, very few, and
    laying the groundwork for the later incredible wasting of our nation’s wealth,
    mostly by projecting our Military Exceptionalism so we can feel good in a
    patriotic wartime-like way, while not paying for it, or sharing any of the
    gains of our productivity with those that created the wealth. 


    Of course, the main Flim-Flam here is that the “accumulation of
    wealth” is equated to “creating” it, the base Flim-Flam that labels the work of
    the poor or modest income unworthy, at least when compared with the unrelenting
    effort required to generate the profits of an Enron.  The concept of
    “Honest Work” is considered so passé, those working at minimum wage really
    aren’t worth anything at all, just a drain on the economy, despite the tasks
    they perform or the purchases they make, or the families they raise or the
    education they try, struggling, to pay for.  After all, “they” don’t even
    pay so much tax, so what should they complain about?  And who really cares
    if we lay them off, or cutoff their payroll tax cut, or make their health care
    more uncertain, a greater burden, or simply unavailable?


    As with all Flim-Flams, the game is coming to an end, like
    Madoff, like Enron, the massive theft revealed, and unless the Grasshopper-On-Party
    succeeds in gobbling up all the remaining money and power it can before being
    stopped, our nation will be left with another Dust Bowl of empty warehouses
    once filled to overflowing, roads, bridges and rails cracked and unusable,
    ignorant, unhealthy children and starving families looking stunned while a few
    still drive around heedlessly, or spend their remaining bonus money on $2,000
    bottles of wine, or try to buy a sports team while the TV rights are still not


    Ironically, Warren Buffett’s nominal reform is largely a joke,
    and it is the nature of Flim-Flam to take a cute simplistic idea, such as a
    joke, project it into a solution for everything, don’t even imagine any
    consequences, and preach it like Gospel until rational discourse is impossible. 
    Warren knows that there are good Congressmen and there are bad
    Congressmen.  Warren knows that all Congressmen are subject to the laws of
    this nation other than in certain limited ministerial ways (this is a
    particularly evil example of the Art of Flim-Flam – somehow that Congress is
    above the law, which they aren’t).  Warren knows that trashing the
    Congressional Health Care system would have zero impact on the politics, and
    that Social Security is not a “retirement plan” as the Flim-Flammers keep insisting,
    and that’s not exactly what is being said, though it is implied.  Warren
    Buffett knows that whatever pay raise Congress has stupidly voted for itself
    pales in comparison to the monies delivered to lobbyists, financial managers,
    and the Gingriches of the world for work that has little social or moral
    value.  Warren knows that most Americans do not have a fine old retirement
    plan, and, with the ridiculous increasing cost of health care, too many are
    stuck only with Social Security by the bitter end.


    Just because a few ignorant Congressmen, largely but not
    exclusively of one political ilk, are holding the body hostage to 
    Flim-Flam illusions, does not mean we should punish them all (and consequently
    ourselves as well) collectively.  The key Flim-Flams are the notions that
    “Cutting Spending,” whether you are a housewife, a private businessman, a
    government, a corporate executive, a military commander, or even a politician,
    is a sure-fire way to create jobs, and that “Deregulating Business” enterprises,
    or cutting their taxes, always makes them more vibrant, healthy and
    growing.   Big Lies, Big Flim-Flams.


    The best Flim-Flam is one where you get people to act against
    their own interests, like persuading someone that putting a tack in their foot
    will help them walk a little faster or further, or that if they eat sand, they
    won’t get fat (I guess that last one could be  true, but is it a good
    idea?)  Or the Flim-Flam that “Capitalism Unleashed” means Invisible Hand,
    Milton Friedman, Martin Feldstein Magical Wealth Creation for all! (We should
    call that “Wealth Creationism” which meshes nicely with that elegant vision of
    humans dancing hand-in-hand with the dinosaurs)  Or that Health Care,
    Education, and Environmentalism are all code for Socialism or worse.  As
    we know, Socialism has nothing to do with Social Consciousness, Equality or
    Fairness, rather it is the system where only the Lazy are rewarded, and all
    others striped of dignity, freedom and any aspect of wealth or happiness. 


    So when will the Flim-Flam cease?  Apart for some minor
    Democratic Flim-Flams, like “Elect Me, Racism will Disappear, and Everyone will
    Hold Hands”, Flim-Flam is really the key feature of Republican Politics, born
    in the magical thinking of Ronald Reagan, solidified and sanctified in the glib
    reasonings of Newt Gingrich and the pantheon of Republican Intellectual Giants,
    like Limbaugh, Beck, Bachman, Krauthammer, Robinson, Cantor and the mystical
    economics of Friedman, Feldstein & R. Samuelson . . . .  I am afraid
    the only end to the Flim-Flam will be when ordinary Republicans, who used to
    pride themselves on being in touch with Reality, are embarrassed by their
    current crop of leaders . . . (“I’m going to Stop Nuclear Weapons in Iran By
    Talking Tough!”) . . . and remember the decency of the Party of Lincoln,
    Eisenhower and Romney the Elder.


    No third party will help — that’s another Glorious Flim-Flam .
    . . a magical bullet which will unfortunately wound the body politic more than
    it will help.  The Democratic Party, with its conflicting pieces
    struggling with each other, is the only remaining institution that can bring
    our nation together, that is based on those fundamental precepts that said
    “United We Stand” and “Better to Hang Together than to Hang Separately” . . . 
    Only when the Republican Party remembers that it was once the product of a
    democratic society, a party with a social and financial conscience, that
    believed in paying for what it took, that valued fair play as much as
    individual ingenuity, and hard work as much as secret connections, only then
    will the political discourse get back to what made our Country so great –
    Honest, Real, Fair, Creative, Non-Corrupt, and the necessary political debates
    and compromises will be made to move our nation forward. 


    The only realistic choice, now, is to vote Democratic, the Party
    that at least tries to represent the 99%.  Not perfect, not monolithic,
    not magical, not Flim-Flam.