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Warren Buffett in Recent interview with CNBC, offered 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
-
http://video.cnbc.com/gallery/?video=3000031948
http://video.cnbc.com/gallery/?video=3000033852

The 26th amendment (granting the right to vote for 18-year-old's)
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 one (1) year or less to become the law of the land - all because of public pressure.

Congressional Reform Act of 2011

1. No Tenure / No Pension.

A Congressman/woman collects a salary while in office and receives no
pay when they're out of office.

2. Congress (past, present & future) participates in Social
Sec


Added: Oct-23-2011 
By: Mondhaut
In:
Other News
Tags: warren buffet, business magnate, investor, philanthropist, best quote, congress, wizard of omaha, gates foundation
Location: United States (load item map)
Views: 16643 | Comments: 23 | Votes: 6 | Favorites: 3 | Shared: 3116 | Updates: 0 | Times used in channels: 2
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