Congressional Reform Act of 2012
1. Warren Buffett offers... "I could end the deficit in 5 minutes," he told CNBC. "You just pass a law that says that any time there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election."
2. No Tenure/No Pension for Congress Person
3. Congress (past, present & future) participates in Social Security and no other program.
4. Congress can purchase their own retirement plan, just as all Americans do.
5. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%.
6. Congress loses their current health care system.
7. Congress must equally abide by all laws they impose on Americans.
8. All contracts with past and present Congressmen/women are void.