Saturday, December 10, 2011

A Brilliant Debt Solution

Update: Warren Buffet didn't write this plan, but I still think it would work.

*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.

3 comments:

  1. I don't understand how this plan would fix the debt or the deficit problem. the salaries and benefits of congress people are a tiny fraction of the budget.

    ReplyDelete
  2. The bit I deleted was the part that might be able to fix it. It said if the deficit is more than 3% of the budget, all sitting members of Congress would become ineligible for reelection.

    ReplyDelete
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    ReplyDelete