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Buffett makes sense
Businessman and investor Warren Buffett was born on August 30,1930, in Omaha, Nebraska. Investing by age 11, Buffett was running a small business at 13. Buffett later started the firm Buffett Partnership in Omaha, with huge success. In 2006, Buffett announced that he would give his entire fortune away to charity (est. $62 bil.), the largest act of charitable giving in United States history.
In July 2011, discussion about raising the debt ceiling heated up as the August 2nd deadline for resolving the issue and avoiding a shutdown of the federal government loomed. (Had the matter not been resolved, as of that date the U.S. would have been unable to fund its various programs and other expenditures.)
Opinions about what should be done were sought from various quarters as news organizations struggled to keep up with the battle waging in Congress and behind closed doors. Business magnate Warren Buffett waded in with his opinion on the matter in an early-morning 7 July 2011 CNBC interview conducted by Becky Quick. It was during that exchange that the Oracle of Omaha made his now famous statement about rendering ineligible for re-election all sitting members of Congress whenever the deficit exceeded 3% of gross domestic product.
So yes, it's true that one of the most respected businessmen of modern times did indeed voice the quote now widely ascribed to him in various e-mailed forwards, although his remark was more in the nature of a wry commentary on the workings of Congress than a serious proposal for tackling the budget deficit.
The rest of the lengthier e-mail in circulation (see example quoted below) has nothing to do with Warren Buffett. What is presented as the "Congressional Reform Act of 2011" began circulating on the Internet in October 2009 as the "Congressional Reform Act of 2009." In a nutshell, what is presented as a proposed 28th amendment to the U.S. Constitution isn't something that has been put forward by any member of Congress and thus is nothing more than a bit of Internet-based politicking. For the non-nutshell version, our article about the supposed 28th amendment deals with the item in depth.
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.
Read more at http://www.snopes.com/politics/quotes/buffett.asp#mrHXTWZMMOuWwr2E.99
In July 2011, discussion about raising the debt ceiling heated up as the August 2nd deadline for resolving the issue and avoiding a shutdown of the federal government loomed. (Had the matter not been resolved, as of that date the U.S. would have been unable to fund its various programs and other expenditures.)
Opinions about what should be done were sought from various quarters as news organizations struggled to keep up with the battle waging in Congress and behind closed doors. Business magnate Warren Buffett waded in with his opinion on the matter in an early-morning 7 July 2011 CNBC interview conducted by Becky Quick. It was during that exchange that the Oracle of Omaha made his now famous statement about rendering ineligible for re-election all sitting members of Congress whenever the deficit exceeded 3% of gross domestic product.
So yes, it's true that one of the most respected businessmen of modern times did indeed voice the quote now widely ascribed to him in various e-mailed forwards, although his remark was more in the nature of a wry commentary on the workings of Congress than a serious proposal for tackling the budget deficit.
The rest of the lengthier e-mail in circulation (see example quoted below) has nothing to do with Warren Buffett. What is presented as the "Congressional Reform Act of 2011" began circulating on the Internet in October 2009 as the "Congressional Reform Act of 2009." In a nutshell, what is presented as a proposed 28th amendment to the U.S. Constitution isn't something that has been put forward by any member of Congress and thus is nothing more than a bit of Internet-based politicking. For the non-nutshell version, our article about the supposed 28th amendment deals with the item in depth.
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.
Read more at http://www.snopes.com/politics/quotes/buffett.asp#mrHXTWZMMOuWwr2E.99
Im on the mailing list for both parties. So on a daily basis, I get requests for money from both of them. I do this just so I get what each are doing at any given moment. Support dems, donate!, Then We need your help to defeat obamacare, please donate! rofl.....they all go into the circular file.
I've gotten that email a few times and of course it makes sense but the idiots in DC don't care about sense, they care about big dollars. pun intended
Yeah, that was when politicians actually worked for us. Now... not so much.
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