Me and Warren Buffet on the Same Page

"I could end the debt in five minutes," Warren Buffet told CNBC. "You just pass a law that says anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection. The 26th Amendment (granting the right to vote for 18 year-olds) only took three months and eight days to be ratified. Why? Simple! The people demanded it. That was in 1971 before computers, cell phones, etc. Of the 27 amendments to pass, seven took one year or less to become the law of the land... all because of public pressure."

There is also the Congressional Act of 2011. The author is an anonymous but one lone blogger has added her ideas as well.

1. No Tenure. Congressman collect their salaries while in office and collect a small portion of their pay when they are out of office in accordance with Social Security guidelines.

2. Congress (past, present and future) participates in Social Security. All funds in the Congressional Retirement Fund move to Social Security 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 will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%, and they will receive the same pay as teachers in the Los Angeles Unified School District. (That ought to fix their wagon.)

4. Congress must equally abide by the laws they impose on the American people.

5. They will not hold the American people hostage over debt ceilings and things like that.

6. They will not talk just to keep the heating bills down.

7. All contracts with past and present Congressmen are void effective 1/1/12. The American people did not make these contracts with Congressmen. Congressmen made these contacts for themselves. Serving in Congress is an honor, not a career. The Founding Fathers envisioned citizen legislators, so ours should serve their terms then go home and back to work.

Even though our psychologically delayed Congress would never pass this, there are always petitions and ballots and Obama Presidential vetoes with the backing of 99.999% of the American people. Abstainers would include Michelle Bachmann, the Koch brothers, Texas Governor, Rick Perry and soon-to-be ex Wisconsin Governor, Scott Walker, as he rides along the coattails of the Koch brothers during his last months in office. Aside from offing bin Laden, it would be the highlight of Obama's political career. And outside of his wife and kids, it could be one of the key points of his life.