U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 10-14-2011, 08:19 PM
 
2,503 posts, read 3,519,513 times
Reputation: 1906

Advertisements

WORTH READING CITY-DATA... Billionaire Warren Buffett, in a recent interview with CNBC, offers 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 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 each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.

In three days, most people in The United States of America will have the message. This is one idea that really should be passed around.

**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. THIS IS HOW YOU FIX CONGRESS!!!!!
Reply With Quote Quick reply to this message

 
Old 10-15-2011, 05:30 AM
 
Location: Manhattan
20,129 posts, read 26,407,309 times
Reputation: 9021
A problem is that the change must be made as an Amendment to the Constitution because the next Congress can pass a contrary law and we are back to square one. Also only a constitutional amendment can change who is eligible to run for Congress...no law can do that.

The Constitution can be amended in a couple ways but only ONE has been ever used: that is, Congress votes to propose an amendment by a 2/3 majority of both houses and it is given to the states for a 3/4 vote for ratification.

You can see the difficulty of arranging part one of this scenario...passage of both houses of Congress with a 2/3 vote.

So what it boils down to is asking Congress to regulate itself...the history of the Country shows how well THAT works out.

Also, a 3% of GDP annual deficit is still nealry a half trillion added to the debt each year.

But Buffet makes some good points: Congress SHOULD have only the retirement and medical care (read Social Security and Medicare) options open to every other citizen, and not one penny's worth more. We don't need a House of Lords.
Congress MUST stop borrowing to run the goverrnment so that stock priced can be held up in good years and it LOOKS like the economy actually works. Deficit spending is for disasters...not for everyday business (like 2001-2007.) Imperialistic Wars that New York City and the country cannot afford MUST be curtailed.

We need the Second Avenue Subway...NOT drone bombing and occupations of IRAQ, Afghanistan, Pakistan, Somalia, Yemen, Libya, Iran and Syria. We don;t NEED military bases in 150 countries.

Last edited by Kefir King; 10-15-2011 at 05:42 AM..
Reply With Quote Quick reply to this message
 
Old 10-15-2011, 05:33 AM
 
Location: Beautiful Pelham Parkway,The Bronx
8,389 posts, read 19,619,570 times
Reputation: 6215
The most amazing thing is that this is something we probably ALL agree on.It might be the only thing that all of us will ever agree on.
Reply With Quote Quick reply to this message
 
Old 10-15-2011, 07:33 PM
 
2,503 posts, read 3,519,513 times
Reputation: 1906
Quote:
Originally Posted by bluedog2 View Post
The most amazing thing is that this is something we probably ALL agree on.It might be the only thing that all of us will ever agree on.
You're right. Doesn't matter if you're a liberal or a conservative...we all agree that congress needs the boot!

But in all seriousness, what Mr. Buffett said is very true and not far fetched. There needs to be a movement, just like OWS or the Tea Party to make this happen. If enough people demand it, it is very realistic.
Reply With Quote Quick reply to this message
 
Old 10-15-2011, 07:50 PM
 
Location: Beautiful Pelham Parkway,The Bronx
8,389 posts, read 19,619,570 times
Reputation: 6215
Quote:
Originally Posted by hilltopjay View Post
You're right. Doesn't matter if you're a liberal or a conservative...we all agree that congress needs the boot!

But in all seriousness, what Mr. Buffett said is very true and not far fetched. There needs to be a movement, just like OWS or the Tea Party to make this happen. If enough people demand it, it is very realistic.
They should call a convention of OWS and TTP centered around this one thing and make this their single,joint demand.That would scare the **** out of Congress.

Don't think it will ever happen but we can dream.
Reply With Quote Quick reply to this message
 
Old 10-15-2011, 08:37 PM
 
Location: Brooklyn
2,868 posts, read 4,040,457 times
Reputation: 5229
Quote:
Originally Posted by hilltopjay View Post
WORTH READING CITY-DATA... Billionaire Warren Buffett, in a recent interview with CNBC, offers 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 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 each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.

In three days, most people in The United States of America will have the message. This is one idea that really should be passed around.

**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. THIS IS HOW YOU FIX CONGRESS!!!!!
↑ ↑ ↑ All of that Especially the Congressional Reform!!!
Reply With Quote Quick reply to this message
 
Old 10-15-2011, 08:40 PM
 
Location: Queens, NY
147 posts, read 266,825 times
Reputation: 122
We should pass this on to Occupy Wall St...or Occupy USA, and let them riot over it.
Or at least it'll give them something realistic and tangible to protest for.
Reply With Quote Quick reply to this message
 
Old 10-15-2011, 10:56 PM
 
Location: New York City
559 posts, read 928,525 times
Reputation: 384
There's a problem with using percentage, which is (deficit/GDP)*100. The deficit is measured more or less on a real-time basis, but the final measure of GDP is completed only with about a one-year lag. Hence, suppose the deficit in year X preliminarily came in at 3.1%, but a year later, it turned out that it was really 2.9% (because GDP had been revised upward by the Commerce Bureau's statistics office)? Would the congressmen be reinstated?

Or vice versa. Suppose the deficit percentage is revised upward? Would the sitting congressmen be instantly turfed out, and made to reimburse the salaries they earned?
Reply With Quote Quick reply to this message
 
Old 10-16-2011, 12:44 AM
 
Location: NY,NY
2,899 posts, read 8,303,258 times
Reputation: 2021
Quote:
Originally Posted by hilltopjay View Post
WORTH READING CITY-DATA... Billionaire Warren Buffett, in a recent interview with CNBC, offers 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 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 each addressee to forward this email to a minimum of twenty people on their address list; in turn ask each of those to do likewise.

In three days, most people in The United States of America will have the message. This is one idea that really should be passed around.

**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. THIS IS HOW YOU FIX CONGRESS!!!!!

While I fully agree on your sentiment, your points of reform are ill thought and impractical. You should do more homework and get a greater understanding of how 'the system' came to what it is today. Additionally, a very fundamental question must be determined by the 'people': 'What is the role of government?'. What can government do? What can it not do? What should it do, and what not? Definning these questions in itself will go a LONG way toward 'reform'.

Also, another fundamental, 'Can Democracy work in a limitless society?'. Is America too large and diverse for Democracy to work?

Many of these issues go back to the founding of the nation. The power of the Federal Government vs that of local government. For example, if Congress is screwing up,/not responsive to the people, then perhaps, 'Powers' s/b returned to the people. That is to local government. Rather than top down, botttom up. States' Rights. Republic vs Federation?

Those people in the park, they are not reformers. The people 'behind' are not reformers, they are anti-capitalists. They are not concerned with 'American Values', 'American Exceptualism', they afe not interested in the fundamental nature of our country at its founding, they are not interested with individualism, nor of freedom.

For example, Warren Buffet, he pays a tax rate lower than his secretary, two points:

1) even at the lower rate, Buffet pays a dollar amount expotentially greater than his secretary. Meaning, for examples sake, for every tax dollar the secretary pays, Buffet probably pays 10,000 dollars. So, no matter how you look at it he's paying a lot more than the secretay. Even if he pays at a 10% rate, while she pays at 28%, he pays more.

2) assuming the above is an issue, the what is the solution? Rather simple, it is not that Buffet's rate is too low, but that the secretary's rate is TOO HIGH!

Yet, the 'occupiers', the liberals and progressives are not about lowering taxes and reducing spending, but increasing taxes and increasing spending. Specifically, increasing Buffet's taxes. Even if Buffet is ok with that, it doesn't mean its the right thing.

You'd think these economic geniuses would make their demands more palatable, for example, lower the secretay's taxes, increase buffet's taxes to cover the difference AND decrease spending. Thereby putting more money in the people's pockets and making the government more fiscally sound.
Reply With Quote Quick reply to this message
 
Old 10-16-2011, 12:57 AM
 
1,785 posts, read 2,920,460 times
Reputation: 3061
Quote:
Originally Posted by hilltopjay View Post
WORTH READING CITY-DATA... Billionaire Warren Buffett, in a recent interview with CNBC, offers 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 for re-election!

[/b]
Have you, um, ever heard of Snopes? Rather than attributing this idea to Warren Buffet, you will apparently be surprised to learn that this radical new idea has been floating around the internet since 2009.

snopes.com: 28th Amendment
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City
View detailed profiles of:
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top