Warren Buffett has proposed a law that would make all sitting members of Congress ineligible for re-election if there is a Federal deficit greater than 3% of GDP. Approve?
THEN SIGN THIS
Frankly I would vote for warren buffet if he were to run for office in my state
It's not possible to send extra taxes in.. The IRS can only collect what is owed. Your logic is flawed.
The biggest problem with this scenario is that republicans are historically worse for the deficit than democrats are.
Exactly my thoughts. Wars are expensive and always have added to the deficit and debt. Other things like large natural disasters can also add to the deficit and I would not want the working on those items while their jobs were in jeopardy.
Too extreme. Could imagine a situation where deficit spending is required ( war time) and it would not be a great idea to wipe the government.
They should all be ousted from office.
YES YES YES YES YES YES YES YES YES!!!!!!!!!!!!!
I'm disappointed in my fellow libertarian/republicans... We should be able to elect who we want. Think of a situation where conservatives have minority and because of that, fiscal irresponsibility happens despite the conservatives' best effort. Should they be ousted for the foolishness of others?
How about we stop unlimited terms?
It sounds nice (all for it), but I'm pretty sure the law has to pass congress, no? it'll the bill will die in the house, despite the legislative justice it grants the people.
Jonny, you're ignorant. You can refer to those who advocate financial responsibility by a derogatory homosexual term ... So, are you a faggot?
Warren Buffet came up with this?! Everything I know is a LIE!!!
Yeah that teabagger warren buffet.
Where do I sign up? I'm all for this.
Any citizen can propose a bill.
I'm not a millionaire but I think I speak for many that are.....SHUT THE HELL UP ALREADY BUFFET! With your tax me I'm rich BS. His ass was set to make millions on taxing the top percenters. What a douche ass!!
That's a good start. Eventually, it needs to be a balanced budget!
What about our "great" so called president as well as members of congress. They don't pay taxes either but they vote themselves a raise.
It's great to see so many Democrats agree on a tea party concept.
I think it is a great idea. The people are not holding congress to anything since the same losers keep getting reelected. Also they don't get paid unless they balance the budget each year unless we are in a declared war.
I always knew I liked him.
Why does Buffett want the rich to pay more when he has sent a total of $0.00 extra taxes to the treasury?
This is idiotic. We don't elect officials to help the rich earn more money, although that is what most of these corrupt congressmen do.
It will never happen as long as Progressives are in power. Progressives won't be happy until the United States resembles a third world nation.
In the real world they'd be fired anyway, so yeah, a little taste of the private sector might not be so bad.
Thinking about the defense budget, it's over $700 billion, we should be able to fight 2 wars and then some.
$700 billion is a lot of money, I guarantee there is pork in there, this doesn't include the pork laden entitlement programs.
Then they won't get reelected anyways....
Not to mention, anyone can propose a law. Even you.
So you like the fact our "do nothing" congress is spending money we do not have and our "great president" just gave them all raises (they make over 174,000 and do nothing today) with money we are borrowing and they (millionaires themselves) accept it. STUPID so called president.
He voted for Mitt Romney.
When did Warren become eligible to vote for anything? I thought he lived in the private sector? Oh yeah, his buddy, BHO, lets him write a law or two a year! Ha ha ha...
I'd vote for that.
Getting less done might actually be a good thing.
We would run out of eligible congress-people
This will never get passed since the people it's talking about get to vote on it. This should go to a general election and let the people vote. Same goes for raises for federal workers.
That's why I say it doesn't matter if it's wartime. No loopholes. If there is a loophole they will manage to form it into a black hole lol. War can be run on a budget. Sacrifices will have to be made in other areas. Perhaps "wartime austerity"?
It's meant as a disincentive.
Doesn't have to be. You could propose a bill, too.
Which is why I said this would never even be put up for a vote.
You mean the process would be exactly like it is now? Nothing gets done and no one knows what they are doing.
Mr. Buffett is an extremely intelligent man. I would consider any advice he gives to be sound and solid. He is a person who is selfless and honest.