Warren Buffet ends the Deficit.
- Started
- Last post
- 19 Responses
- Handel0
I must say, I like this.
- i_monk0
Couldn't he also end the deficit by writing a cheque?
- nomonospaced
- that just helps end a symptom, not mend the problemmonospaced
- he'd have to write two checks then...omg
- vaxorcist0
this is probably a send-around, probably not written by Buffet....
BUT my chief worry would be number 1 / Pension....
Much as I hate to give retiring congressmen a pension, I think if we don't, they will be captive to whatever company promises them a job when they retire, and/or whoever gives them a nice house on the seashore....
as long as they're not independly wealthy.... and we don't need a congress of all rich people...
- retired congressman are already "captive" to whatever company promises them a job and/or gives them $doesnotexist
- yes... maybe we'd have to PROHIBIT anyone from giving them jobs or $$... that's harder..vaxorcist
- bulletfactory0
- sort of... read the URL... the first part yes, the rest (the list) no...vaxorcist
- fate0
3% of GDP? That's a joke.
It's a joke because the average american is in debt 150% (and sometimes far more) of their annual income.
But America is scared of 3%? what the fuck?
- i'm in debt for zero. as long as a mortgage doesn't count.johnny_wobble
- hahaha. No, sure it doesn't; Over 100k in debt and you don't own any of the equity you've paid in until the final day of 25 years.mikotondria3
- ok, i'm just over 100% then. :)johnny_wobble
- ThePublics0
"Serving in Congress is an honor, not a career"
Is this guy retarded?
- No.Handel
- career politicians have lost all touch with society that they represent. fuck off._niko
- and the alternative to career politicians is what? Career capitalists who moonlight?ThePublics
- until you can completely eliminate money from the election process, such measures only beget corruption
ThePublics - no replace them with you and i. like in ancient athens, serve our term and go back to being potters_niko
- Seriously, any level-headed citizen should be able to be involved in politics without making it a careermonospaced
- Yup
KneeDragger
- BozMan0
Lets all be honest. Most politicians only care about one person and that's themselves. Most are too old to care about the future.
- kinda defeats the purpose of a democracy, doesn't it?monospaced
- jon_d0
Where do I sign?
- bainbridge0
- Dwayne Elizondo Mountain Dew Herbert CamachoHandel
- not liking the future pepsi rebranddrgs
- It has electrolytesKneeDragger
- drgs0
Give me their addresses, and I will kill all congress men
- raf0
"1. No Tenure / No Pension. A Congressman collects a salary while in office and receives no pay when they are out of office."
Nice corruption booster. Loot while you can!
- drgs0
what a shitty 3rd world place you guy live in
- mathinc0
^ US debt is near 100% of GDP. I heard a podcast a while back (Planet Money) that was saying that the magic number is 90%, once a country goes over the magic number then bond rates start to rise significantly and the economy gets harder and harder to control. By comparison I believe Greece is at/near 150%. Italy is at 120%.
- Beeswax0
It should also be illegal to be the lapdog of corporations.
It won't make a change other then raising up their paychecks given by the corporations.
- formed0
Yeah, that wouldn't be Buffet.
3%...what happens when the economy goes down and needs stimulus? There needs to be spending when intake is low, often times it is needed more.
What about wars? Them cost a ton, should be really need to go to war, it wouldn't happen if this was adopted (I know, I know, the word "need" certainly hasn't been real since WWII, but you never know).
Like most of the budget 'magic solutions', it is a good sound bite but the reality just isn't there (like flat taxes, 9-9-9, all "sound" good, but in reality it just doesn't work).
- omg0