Collarspace Discussion Forums


Home  Login  Search 

Warren Buffett/Congressional Reform Act of 2011


View related threads: (in this forum | in all forums)

Logged in as: Guest
 
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> Warren Buffett/Congressional Reform Act of 2011 Page: [1]
Login
Message << Older Topic   Newer Topic >>
Warren Buffett/Congressional Reform Act of 2011 - 10/16/2011 1:40:59 PM   
vixenkneels


Posts: 94
Joined: 2/5/2005
From: LAKE OF THE OZARKS, MISSOURI
Status: offline
I just received this email and was asked to pass it on to twenty people. I thought I'd throw it in the political arena we have here. Don't flame me, I didn't write it and I'm NOT saying I'm supporting it and I'm not saying I DON'T support it. Just thought it was a very interesting spin to current affairs and if I was a fat cat DC'er I might be a little worried it may catch on like Occupy Wall Street. I did search to see if this had been discussed here before and didn't find it, so if it's already been discussed excuse me for being redundant.


Warren Buffett on debt ceiling

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 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 2011

1. No Tenure / No Pension.
A Congressman collects a salary while in office and receives no
pay when they are 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 are void
effective 1/1/12. The American people did not make this
contract with Congressmen. Congressmen 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. Maybe it is time.

THIS IS HOW YOU FIX CONGRESS!!!!!

If you agree with the above, pass it on. If not, just delete.
You are one of my 20+.... Please keep it going.









CONFIDENTIALITY-DISCLAIMER:

This e-mail and any attachments are confidential and also may be privileged. If you are not the named recipient, or have otherwise received this communication in error, please delete it from your inbox, notify the sender immediately, and do not disclose its contents to any other person or use them for any purpose or store or copy them in any medium. Unless stated to the contrary, any opinions or comments are personal to the writer and do not represent the official view of the company. Thank you for your cooperation.

IRS Circular 230 Disclosure: As required by U. S. Treasury Regulations governing tax practice, you are hereby advised that any written tax advice contained herein (including any attachments) was not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding tax penalties that may be imposed under the U. S. Internal Revenue Code or applicable state or local tax law provisions, or to promote, market or recommend to another person any transaction or matter addressed herein.




_____________________________

I am your servant. I shall not be free. You will protect me; you will keep me safe; you will guard me. You will keep me sound; you will protect me from every demon. -- Ancient Egyptian woman's slave contract
Profile   Post #: 1
RE: Warren Buffett/Congressional Reform Act of 2011 - 10/16/2011 2:34:07 PM   
tazzygirl


Posts: 37833
Joined: 10/12/2007
Status: offline
Q: What about the "Congressional Reform Act of 2011"?

A: A viral e-mail calls for fixing some abuses and excesses that don’t exist, repeating misinformed claims that we’ve addressed before.


FULL QUESTION

Guys – I get awfully tired of this sort of thing. Some may have merit, a good bit does not. Could you scrub this as a whole piece?

Subject: Congressional Reform Act of 2011

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, before e- mail, before cell phones, etc.

Of the 27 amendments to the Constitution, seven (7) took 1 year or less to become the law of the land…all because of public pressure.

I’m 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.

⬐ Click to expand/collapse the full text ⬏

FULL ANSWER

This latest rant against Congress has been circulating since the start of the year, urging passage of a "reform act" to correct abuses of power by Congress. But as we often find with these chain messages, the author doesn’t know very much about the subject.

He or she (the author is anonymous, of course) repeats a number of false claims that we have debunked before. The author:

Demands that members of Congress be forced to "participate in Social Security." But members of Congress already participate, paying Social Security payroll taxes just like nearly every other worker. Once upon a time that wasn’t true, but members of Congress were brought under Social Security way back in 1984. Yet bogus claims like this continue to circulate more than a quarter-century later, despite our best efforts.

Urges that "Congress must equally abide by all laws they impose." But as we’ve explained before, the idea that Congress has exempted itself from many of its own laws is also somewhat out of date. A law enacted in 1995 applied 13 civil rights, labor, and workplace safety and health laws to Congress, removing the basis for earlier criticisms. It’s true that members of Congress retain a degree of immunity from arrest or prosecution, but changing that require an amendment to the Constitution, which grants that immunity in Article I, Section 6. (The authors of the Constitution didn’t want any president to try what King Charles I of England had done in 1642 — sending troops to arrest his critics in Parliament.) The message is confused, at first mentioning earlier constitutional amendments, but then describing the proposal as an "act," which refers to legislation.

Recommends that "Congress will no longer vote themselves a pay raise." But Congress doesn’t do that now. Under current law, pay increases are determined by a cost-of-living formula, and they take effect automatically, unless Congress votes to stop them. And in fact, that’s what has happened for the past two years. Congress denied itself any pay raise in 2010 and in 2011, as we’ve reported.
Calls for stripping members of Congress of their current health care benefits and forcing them to participate "in the same health care system as the American people." But which "system"? Most Americans are covered either by employer-sponsored health insurance or by various government-sponsored programs, such as Medicare for those age 65 and over or Medicaid for lower-income persons.

Currently members of Congress have the same health insurance options as millions of other federal employees and retirees and their families. The Federal Employees Health Benefits Program gives them a wide choice of private insurance plans. And according to the U.S. Census Bureau, nearly 51 million persons in the U.S. had no health insurance at all in 2009 — just under 17 percent of the population. (The author may have been laboring under the false impression that Congress somehow "exempted" itself from the new health care law, a bit of nonsense that was based on a number of misrepresentations that we addressed last year.)

Urges that members of Congress should "purchase their own retirement plan, just as all Americans do." But that’s also nonsense. Relatively few Americans buy retirement plans entirely out of their own pockets. In fact, just under half of all Americans worked in 2009 for an employer that sponsors a retirement plan, according to the most recent information from the Employee Benefit Research Institute. And among those who worked full time for the entire year, 54 percent actually participated in an employer-sponsored plan. About 12 percent are self-employed, EBRI says, and so may be in a position to buy a retirement plan for themselves. But 27 percent had incomes of under $10,000 that year, too little to be putting much if anything away for retirement.

The author of this message advocates setting 12-year term limits on members of Congress, saying they "should serve their term(s), then go home and back to work." It also calls for voiding "all contracts" with past and present members of Congress, which may be a clumsy way of calling for cutting off all pension and health care benefits even for those who have already retired. (We’re not sure what "contracts" this person was thinking of.) Those are all opinions, with which readers may choose to agree or disagree. We take no position either way. What we do say is that the author argues for these opinions by making factual claims that betray a profound ignorance of the system he or she proposes to "reform."

– Brooks Jackson


http://factcheck.org/2011/03/congressional-reform-act/

The full email is at the link.

_____________________________

Telling me to take Midol wont help your butthurt.
RIP, my demon-child 5-16-11
Duchess of Dissent 1
Dont judge me because I sin differently than you.
If you want it sugar coated, dont ask me what i think! It would violate TOS.

(in reply to vixenkneels)
Profile   Post #: 2
Page:   [1]
All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> Warren Buffett/Congressional Reform Act of 2011 Page: [1]
Jump to:





New Messages No New Messages
Hot Topic w/ New Messages Hot Topic w/o New Messages
Locked w/ New Messages Locked w/o New Messages
 Post New Thread
 Reply to Message
 Post New Poll
 Submit Vote
 Delete My Own Post
 Delete My Own Thread
 Rate Posts




Collarchat.com © 2025
Terms of Service Privacy Policy Spam Policy

0.047