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  • aceofbasefanatic aceofbasefanatic Jul 31, 2014 9:41 AM Flag

    The Buffet Rule

    The Buffet Rule

    Salary of retired US Presidents . . . . . . . . . .. . $180,000 FOR LIFE

    Salary of House/Senate members . . . . . . . . $174,000 FOR LIFE

    Salary of Speaker of the House . . . . . . . . . . $223,500 FOR LIFE

    Salary of Majority/Minority Leaders . . . . . . . . $193,400 FOR LIFE

    Average Salary of a teacher . . . . . . . . . . . . . .. $40,065

    Average Salary of a deployed Soldier . . . . . .. . $38,000

    Warren Buffet, 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.

    Congressional Reform Act of 2014

    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.

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