Warren Buffets Plan

I read this on Facebook today and I had to re-post!! 

Warren Buffett, "I could end the deficit in 5 minutes," he told CNBC. "You justpass 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!!!!! If you agree with the above, pass it on.

By: Gene Vallee

Perry's Economic Plan

In an article in the Washington Post today, Perry releases an economic plan which includes personal accounts for Social Security, an optional flat tax, major spending cuts and a series of tax cuts. The plan would dramatically reduce taxes, particularly on wealthy Americans and corporations. Seems fair right?? No exactly! It would reduce the corporate tax rate from 35 to 20 percent, eliminate taxes on dividends and many capital gains and essentially cap individual tax rates at 20 percent.

I honestly do not see how eliminating taxes on dividends and capital gains is going to spur the economy. We are just going to make the wealthy more wealthy?? I know the claim probably is that they spend the most more, so it will boost economy but they also earn the most in capital gains. How can we eliminate taxes on this money?? If you look at where the wealthy get most of there money is it not mostly in capital gain. This money needs to be taxed! I feel like it should be taxed at the same amount as any other earnings. I am sure we have all heard Warren Buffet's secretary being taxed at almost twice as much as he is. Buffet was taxed at 11.7 percent on the $48 million he made last year, while his secretary, who earned $60,000, was taxed at 30 percent. How can this be fair??? Taking more money out of the pockets of the people who need it the most.



http://www.washingtonpost.com/politics/perry-calls-for-major-spending-and-tax-cuts/2011/10/25/gIQAu7OUEM_story.html

Front Page News

One of the top stories to grace the front page of many newspapers today was of Amanda Know. It was the talk of news stations and radio stations. Amanda Know returned to her hometown today. On day ago in Italy she was acquitted on murder charges after four years in prison. Italian Appeal Courts threw out her conviction in the sexual assault and fatal stabbing of her British roommate. Knox’s acquittal, fueled by doubts over DNA evidence, stunned the victim’s family and angered the prosecution, which insists that she was among three people who killed Kercher, 21. 


I recall this story over the years but kind of forgot about it until today quite honestly. The verdict basically came down to lack of evidence. This happens all too often in trials.... I was interested in getting others views who have followed the story more closely. 




http://www.washingtonpost.com/national/amanda-knox-returns-to-us-after-4-years-in-italian-prison-as-plane-lands-in-seattle-hometown/2011/10/04/gIQAT0Q1LL_story.html?hpid=z1