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“I could end the deficit in 5 minutes. 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.” This was the quote that sparked a firestorm. It was meant as a joke...but takes a serious poke at a large part of the country’s economic problem...Congress! With members of Congress coming to the table with the agendas of those that line their pockets and fund re-election campaigns, instead of the best interests of the country...it’s no mystery why nothing substantial gets done for the benefit of everyone. They are too busy pushing benefits for the selected few.
The following points should be viewed carefully...
1. No Tenure / No Pension. A Member of Congress collects a salary while in office
and receives no pay when they are out of office.
and receives no pay when they are out of office.
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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.
It seems to me any issues with Social Security would get fixed real fast if this were ever the case.
3. Congress can purchase their own retirement plan, just as all Americans
do.
do.
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4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
Yeah...it must be nice to just vote yourself a raise whenever you feel the need...or whim. Things getting a little tight in the pocket...? Take a vote, get a raise. Probably the only time a unanimous decision is made in Congress. I’m in favor of bottling this genie by capping it at 3% and tying it into the Consumer Price Index.
5. Congress loses their current health care system and participates in the same health care system as the American people.
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6. Congress must equally abide by all laws they impose on the American
people.
people.
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7. All contracts with past and present Members of Congress are void effective 1/1/12. The American people did not make this contract with Members of Congress. Legislators 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.
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http://en.wikipedia.org/wiki/Warren_Buffett
http://en.wikipedia.org/wiki/GDP
http://en.wikipedia.org/wiki/CPI
http://dkidiscussion.blogspot.com/2011/02/being-hater-viral-societal-infection.html
http://dkidiscussion.blogspot.com/2012/01/political-straight-talk.html
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