Drowning in debt?

May 21, 2016 10:38 PM

iggy1001

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Warren Buffett, "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 everybody to share this and ask their friends to do likewise.

*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 1/1/2017. 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......

Oh look, it's THIS thing again.

10 years ago | Likes 4 Dislikes 0

The problem isn't the deficit, the problem is how you reduce it. Most of the federal budget is non-discretionary spending 1/

10 years ago | Likes 8 Dislikes 2

2011, guess it takes longer to push a bill nowadays.

10 years ago | Likes 4 Dislikes 0

While we're wishing: I want a pony and $5M USD and a Tesla Model S and ...and...

10 years ago | Likes 3 Dislikes 0

I have seven (7) problems with this

10 years ago | Likes 6 Dislikes 1

Most politicians are in it for the power, not the money.

10 years ago | Likes 6 Dislikes 3

That can also be fixed by instating maximum term limits.

10 years ago | Likes 2 Dislikes 0

Item 6: imagine binding up congress with additional private legal battles while expected to fight legislative legal battles. No good.

10 years ago | Likes 5 Dislikes 1

Yeah, missing a big vote because of a speeding ticket would suck

10 years ago | Likes 3 Dislikes 0

Imagine the world of frivolous law suits designed to gum up the already slow process, I can see it now.

10 years ago | Likes 2 Dislikes 0

Well, I would have shared it until you threw in the picture of Hillary Duff.

10 years ago | Likes 1 Dislikes 0

is that hillary duff

10 years ago | Likes 4 Dislikes 0

I think so

10 years ago | Likes 1 Dislikes 0

The deficit = people getting fired is a bad idea. The rest are good, except the pension one needs to be dealt with carefully.

10 years ago | Likes 2 Dislikes 0

Facebook is leaking again...

10 years ago | Likes 3 Dislikes 1

This most likely ends up just hurting poor people as social services get cut. 2/2

10 years ago | Likes 3 Dislikes 2

Fake

10 years ago | Likes 2 Dislikes 1

Can I get a sauce? I'm lazy and want to spread a proper link. Many friends won't take this seriously with a soaking wet girl as the pic

10 years ago | Likes 43 Dislikes 3

[deleted]

[deleted]

10 years ago (deleted Jan 21, 2019 8:39 PM) | Likes 0 Dislikes 0

Yooo sanitypotion just shut you down!!!

10 years ago | Likes 7 Dislikes 3

You read the snopes article? The only thing buffet said was a quip about re-election, nothing about those numbered points.

10 years ago | Likes 7 Dislikes 1

The numbered points also have almost nothing to do with the 3% for reelection thing either. It was just a transition

10 years ago | Likes 4 Dislikes 0

I don't get how Snopes rates this as "true" when he didn't come up with those points nor endorsed this as a serious campaign point.

10 years ago | Likes 1 Dislikes 1

And....boom goes the dynamite.

10 years ago | Likes 5 Dislikes 0

"his remark was more in the nature of a wry commentary on the workings of Congress than a serious proposal for tackling the budget deficit"

10 years ago | Likes 2 Dislikes 0

Oh noes, I drounded!

9 years ago | Likes 1 Dislikes 0

I sure hope you're not drounding in student debt, OP. You didn't get your money's worth.

10 years ago | Likes 227 Dislikes 12

Damn sure wasn't an English major...

10 years ago | Likes 6 Dislikes 1

That's the American edumacation syztime.

10 years ago | Likes 18 Dislikes 5

fo sho, I'z be drounding in studentz debtz tu. :/

10 years ago | Likes 2 Dislikes 1

Who doesn't love a clickbait thumbnail?

10 years ago | Likes 619 Dislikes 14

Don't particularly like it, but I'm glad with the content. In this case VERY FUCKING GLAD.

10 years ago | Likes 2 Dislikes 0

I'd rather my clickbait be something of content rather than a slide-show of shit nothing.

10 years ago | Likes 6 Dislikes 1

oh god an ASP page with file ending 0.o

10 years ago | Likes 12 Dislikes 0

Don't worry, it's got some decent things to say. Trust me, I'm learned.

10 years ago | Likes 2 Dislikes 0

FUCK YES !!!

10 years ago | Likes 1 Dislikes 0

I love when billionaires think they know everything about politics and economics just because they have money. False credibility ftw!

10 years ago | Likes 1 Dislikes 0

There is difference between a "Drumpf" billionaire and a REAL billionaire. Namely, actual billions earned.

10 years ago | Likes 1 Dislikes 0

Ok for future reference the whole "using a hot girl to get views" thing works better if you use that as the thumbnail

10 years ago | Likes 4 Dislikes 3

You're not liking Warren's hair style?? actually, I didn't think it took the second pic as the thumb, I'll try something else next time...

10 years ago | Likes 4 Dislikes 1

I mean I've fapped to worse...

10 years ago | Likes 3 Dislikes 1

lol +1

10 years ago | Likes 2 Dislikes 1

A government deficit is different from personal debt... Solving the government deficit doesn't mean that individual debt goes away.

10 years ago | Likes 13 Dislikes 1

More importantly, a government unable to run a deficit where necessary is a government that will, WILL, fail. Gov't is not a household.

10 years ago | Likes 3 Dislikes 0

This is something people whose understanding of economics is on the level of "I lent Lenny a fiver, he better pay up" won't understand.

10 years ago | Likes 2 Dislikes 0

No way Buffet said any of this shit. The problem with US Gov is NOT congressional compensation. That's just dumb.

10 years ago | Likes 9 Dislikes 9

Still a problem. Just because it's not the worst problem doesn't mean it shouldn't be fixed. It'd fix alot of future problems in the process

10 years ago | Likes 5 Dislikes 0

Politicians always get paid. If it ain't by the government it's by someone else.

10 years ago | Likes 1 Dislikes 1

Ok. Yes. He didn't say any of the shit above. Thank you for proving me right.

10 years ago | Likes 3 Dislikes 7

"The rest of the lengthier e-mail in circulation (see example quoted below) has nothing to do with Warren Buffett." :O

10 years ago | Likes 2 Dislikes 0

Yes, that's my point. "No way Buffett said *any* of this shit." Part of it *is* true. That's why this sort of email is effective.

10 years ago | Likes 1 Dislikes 0

Nic

10 years ago | Likes 2 Dislikes 0

Hello

10 years ago | Likes 1 Dislikes 0

Fw: Fw: Re: Re: Re: THIS WILL FIX AMERICA!! ! !!!

10 years ago | Likes 202 Dislikes 13

I mean if you wanna live in a free market economy the economy is never going to be good and just stay that way

10 years ago | Likes 11 Dislikes 0

I used to fear the ups and downs, then I saw what the media was hiding about Venezuela, where's Venezuela's "be good and just stay here"?!?!

10 years ago | Likes 1 Dislikes 0

Shit you speak the feckin truth my dude thenextpresident 2016

10 years ago | Likes 3 Dislikes 0

Will it? It just doesn't fix how broke the economy is...

10 years ago | Likes 4 Dislikes 4

Fu: Fu: Fu: Fu: Fu: Fuck these shitty comments

10 years ago | Likes 4 Dislikes 2

#Make America break again#

10 years ago | Likes 1 Dislikes 0

DROUNDING? try drowning...

10 years ago | Likes 1012 Dislikes 26

That makes this hard to believe.

10 years ago | Likes 12 Dislikes 1

It's the muffled cry you make when your nasal is filled with water and you are trying to tell the life guards you are in fact "drowning."

10 years ago | Likes 7 Dislikes 0

I've tried it. It's not for me thank you.

10 years ago | Likes 5 Dislikes 0

The post had a good message but it was hard to upvote because OP said "drounding"

10 years ago | Likes 1 Dislikes 0

Because England...

10 years ago | Likes 1 Dislikes 1

But what if im drounding?

10 years ago | Likes 1 Dislikes 0

10 years ago | Likes 23 Dislikes 2

why not?

10 years ago | Likes 1 Dislikes 0

PECKING ORDER!

10 years ago | Likes 2 Dislikes 0

Pretty sure it was a joke...

10 years ago | Likes 3 Dislikes 1

Crazy how nature do dat!

10 years ago | Likes 1 Dislikes 0

Drounding is worse because while your lungs are filing with water and the light stars to fade you wonder why did they spell it like that?

10 years ago | Likes 214 Dislikes 0

Bitching about a simple spelling mistake? Try pressing the right arrow key or swiping.

10 years ago | Likes 4 Dislikes 14

I agree with the sentiments of this post, but I do not care to have my opinion associated with such duncery. (Prolly should of googled it)

10 years ago | Likes 2 Dislikes 0

See what I did there???

10 years ago | Likes 2 Dislikes 0

What is this, Tinder?

10 years ago | Likes 7 Dislikes 2