{"id":5891,"date":"2014-06-13T00:39:37","date_gmt":"2014-06-13T06:39:37","guid":{"rendered":"https:\/\/the-glen-blog.com\/?p=5891"},"modified":"2014-06-12T10:43:00","modified_gmt":"2014-06-12T16:43:00","slug":"warren-buffett-in-a-recent-interview-with-cnbc-offers-one-of-the-best-quotes-about-the-debt-ceiling","status":"publish","type":"post","link":"https:\/\/the-glen-blog.com\/?p=5891","title":{"rendered":"Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling."},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:<\/strong><\/p>\n<p style=\"text-align: justify;\">&#8220;I could end the deficit in 5 minutes,&#8221; he told CNBC. &#8220;You just\u00a0pass a law that says that anytime there is a deficit of more\u00a0than 3% of GDP, all sitting members of Congress are ineligible\u00a0for re-election.<\/p>\n<p style=\"text-align: justify;\">The 26th amendment (granting the right to vote for 18 year-olds)<br \/>\ntook only 3 months &amp; 8 days to be ratified! Why? Simple!\u00a0The people demanded it. That was in 1971 &#8211; before computers, e-mail,\u00a0cell phones, etc.<\/p>\n<p style=\"text-align: justify;\">Of the 27 amendments to the Constitution, seven (7) took one (1) year\u00a0or less to become the law of the land &#8211; all because of public pressure.<\/p>\n<p style=\"text-align: justify;\">Warren Buffet is asking each addressee to forward this email to\u00a0a minimum of twenty people on their address list; in turn ask\u00a0each of those to do likewise.<\/p>\n<p style=\"text-align: justify;\">In three days, most people in The United States of America will\u00a0have the message. This is one idea that really should be passed\u00a0around.<\/p>\n<p style=\"text-align: justify;\">Congressional Reform Act of 2014<br \/>\n1. No Tenure \/ No Pension.<br \/>\nA Congressman\/woman collects a salary while in office and receives no pay when they &#8216; re out of office.<br \/>\n2. Congress (past, present &amp; future) participates in Social Security.<br \/>\nAll funds in the Congressional retirement fund move to the<br \/>\nSocial Security system immediately. All future funds flow into<br \/>\nthe Social Security system, and Congress participates with the<br \/>\nAmerican people. It may not be used for any other purpose.<br \/>\n3. Congress can purchase their own retirement plan, just as all<br \/>\nAmericans do.<br \/>\n4. Congress will no longer vote themselves a pay raise.<br \/>\nCongressional pay will rise by the lower of CPI or 3%.<br \/>\n5. Congress loses their current health care system and<br \/>\nparticipates in the same health care system as the American people.<br \/>\n6. Congress must equally abide by all laws they impose on the<br \/>\nAmerican people.<br \/>\n7. All contracts with past and present Congressmen\/women are void effective 12\/1\/12. The American people did not make this contract with Congressmen\/women.<br \/>\nCongress made all these contracts for themselves. Serving in<br \/>\nCongress is an honor, not a career. The Founding Fathers<br \/>\nenvisioned citizen legislators, so ours should serve their<br \/>\nterm(s), then go home and back to work.<\/p>\n<p style=\"text-align: justify;\">If each person contacts a minimum of twenty people then it will<br \/>\nonly take three days for most people (in the U.S. ) to receive<br \/>\nthe message. Don &#8216; t you think it &#8216; s time?<\/p>\n<p style=\"text-align: justify;\">THIS IS HOW YOU FIX CONGRESS!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling: &#8220;I could end the deficit in 5 minutes,&#8221; he told CNBC. &#8220;You just\u00a0pass a law that says that anytime there is a deficit of more\u00a0than 3% of GDP, all sitting members of Congress are ineligible\u00a0for re-election. The &hellip; <a href=\"https:\/\/the-glen-blog.com\/?p=5891\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling.<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/the-glen-blog.com\/index.php?rest_route=\/wp\/v2\/posts\/5891"}],"collection":[{"href":"https:\/\/the-glen-blog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/the-glen-blog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/the-glen-blog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/the-glen-blog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5891"}],"version-history":[{"count":3,"href":"https:\/\/the-glen-blog.com\/index.php?rest_route=\/wp\/v2\/posts\/5891\/revisions"}],"predecessor-version":[{"id":5894,"href":"https:\/\/the-glen-blog.com\/index.php?rest_route=\/wp\/v2\/posts\/5891\/revisions\/5894"}],"wp:attachment":[{"href":"https:\/\/the-glen-blog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/the-glen-blog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/the-glen-blog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}