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The Wisdom of Warren Buffett

November 20, 2012 Leave a comment

I saw this post going around Facebook and thought I would share this as well.  I agree with Warren Buffet on some things and not on others, this one I totally agree with. Congress has become the proverbial “fat, dumb and lazy” and while they do little for their communities they have done one thing well – feather their own beds. We need more than change in congress and Washington D.C., we need an overhaul.

 

 

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. “Y

ou 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 one (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 2012

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
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/women are void
effective 12/1/12. The American people did not make this
contract with Congressmen/women.

Congress 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. Don’t you think it’s time?

THIS IS HOW YOU FIX CONGRESS!

If you agree, pass it on. If not, delete.

 

 

Decisions

March 29, 2011 2 comments

“Should I stay or should I go now?
Should I stay or should I go now?
If I go there will be trouble
An’ if I stay it will be double
So come on and let me know!”

– The Clash

Although The Clash was signing about something a little different, do you think  the inner monologue of Former White House Press Secretary Robert Gibbs may be a bit similar at the moment?  There is a lot of buzz about Gibbs being pursued by Facebook to be their next head of communications.  Clearly Gibbs is well suited for the role but methinks if Facebook really is after him, it is about much more than communications and more likely his deft skills at navigating the sea of  lobbyist and policy makers in Washington D.C.

One simple reason why I could see Facebook wanting Gibbs is their road ahead may be fraught with lots of government regulation issues around online privacy, data collection, etc. An in-house expert, like Gibbs, would be a significant advantage in dealing with potential government issues that may be ahead in the US as well as the EU.  And then there is the equity upside for Gibbs at the hottest pre-IPO company in the valley.

Then again Gibbs could also go and work for Obama on the “Election Campaign – Part Deux”  But shhh…it’s all still a secret with Gibbs for now

And since you all know I really like to grok about Online Privacy, here is a great primer from the friendly folks at the IAB

RIP Tony Snow

July 13, 2008 1 comment



The world of politics and political reporting will miss Tony Snow. IMHO Tony brought excellent reporting and was one of the most straightforward White House Press Secretary’s we have and probably will see in a long time.

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