To the Editor:
The way it is now, the salary of retired U.S. presidents is $180,000 for life. The salary of retired House/Senate members is $174,000 for life. The salary of retired speaker of the House is $223,500 for life. The salary of retired majority/minority leaders is $193,400 for life.
The average salary of a teacher is $40,065. The average salary of a deployed soldier is $38,000.
I think we found where government budget cuts should be made!
Investor Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling: “I could end the deficit in five minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3 percent 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 three months and eight days to be ratified. Why? Simple! The people demanded it.
That was in 1971, before computers, email, cell phones, etc. Of the 27 amendments to the Constitution, seven took one year or less to become the law of the land, all because of public pressure.
Buffet has proposed the Congressional Reform Act of 2017.
- No tenure. No pension. A congressman/woman collects a salary while in office and receives no pay when they’re out of office.
- Congress (past, present and 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.
- Congress can purchase their own retirement plan, just as all Americans can.
- Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3 percent annually.
- Congress loses their current health care system and participates in the same health care system as the American people.
- Congress must equally abide by all laws they impose on the American people.
- All federal contracts with past and present congressmen/women are void effective March 1, 2017. 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 go back to work.
Don’t you think it’s time? If you agree, pass it on.