Rumor on the internet is that the following idea is from Warren Buffet. I really doubt that Mr. Buffet would need to enlist us mere mortals to help him get his plan across, but it is an idea that certainly has merit, if we could get one of our Congressmen or Senators to introduce it!
*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 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 1/1/12. 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.
Seems like a really good idea to me, but I am just a country boy from flyover country!
Willie P
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