Warren Buffett, in a recent interview with CNBC, offers one of the best quotes about the debt ceiling:
“I could end the deficit in 5 minutes,” he told CNBC. “You just
pass 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 [...]
Sherrod Brown, a Democrat, represents Ohio in the U.S. Senate.
Two years ago — after the worst financial crisis in more than a half-century — one-third of the Senate proclaimed that “too big to fail” is simply too big.
A bipartisan group of 33 senators supported a proposal called the SAFE Banking Act, which I introduced with my former colleague, Ted Kaufman (D-Del.). This act would eliminate the taxpayer support enjoyed by the largest Wall Street banks [...]
House bill: http://www.govtrack.us/congress/bill.xpd?bill=h112-2977
Senate bill: http://www.govtrack.us/congress/bill.xpd?bill=s112-2049
People who travel in Europe or Canada often return with this question: Why doesn’t the United States have a functional $1 coin, or a $2 coin, or even a $5 coin?
It’s a cultural question that’s been kicking around for decades but is now receiving bipartisan attention from U.S. Sens. Tom Harkin, D-Ia., and John McCain, R-Ariz. They are co-sponsors of legislation to phase out the dollar bill over [...]
Congressman Jeff Landry (R-LA) has just introduced the Executive Appointment Reform Act to reverse the Constitutional damage President Obama has done with his unprecedented “recess” appointments.
Contact your Representative today by calling (202) 224-3121 to urge them to cosponsor and support Rep. Landry’s Executive Appointment Reform Act and stand against President Obama’s abuse of the recess appointment process.
The text of Rep. Landry’s letter to his colleagues in the United States House [...]
“I could end the deficit in 5 minutes,” he told CNBC. “You just
pass 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, [...]
Rep. Ileana Ros-Lehtinen (R-Fla.), chairwoman of the House Foreign Affairs Committee, meets with U.N. Secretary-General Ban Ki-moon in Washington in March 2009. (UN Photo by Eskinder Debebe)
(CNSNews.com) – A U.S. House committee Thursday approved a bill linking U.S. contributions to the United Nations to significant financial and other reforms, one day after Secretary of State Hillary Clinton warned she would recommend [...]
Rep. Ileana Ros-Lehtinen (R-Fla.), chairwoman of the House Foreign Affairs Committee, meets with U.N. Secretary-General Ban Ki-moon in Washington in March 2009. (UN Photo by Eskinder Debebe)
(CNSNews.com) – A U.S. House committee Thursday approved a bill linking U.S. contributions to the United Nations to significant financial and other reforms, one day after Secretary of State Hillary Clinton warned she would recommend [...]
Save this press release for the archives: it may well be the formal counter announcement of a trade war from China, which now realizes it has a batshit schizo trading partner, one who critically needs China to recycle its mercantilist dollars into buying America’s one ply toilet Treasurys, yet one which is now blasting China for doing just that…
From the Chinese Ministry of Commerce
On October 11, the [...]
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 [...]
BOSTON (TheStreet) — George Soros, the billionaire hedge-fund manager and philanthropist best known for breaking the Bank of England in 1992, will return capital to investors in order to avoid reporting requirements under the Dodd Frank reform act.
Soros will return money to investors by the end of the year, Bloomberg reported Tuesday, citing two people briefed on the matter. Soros Fund Management will focus on [...]
Transparency and Accountability for the Federal Reserve
by Ron Paul
Last week, the 112th Congress was sworn in. I am pleased that I will be chairing the Monetary Policy Subcommittee of the Financial Services Committee which has oversight of the Federal Reserve. Obviously, this position will facilitate my efforts to ensure the Fed provides the American people with more information about what they have been doing with [...]
by bill
1. Term Limits, 12 years only, one of the possible options below.
A. Two Six-year Senate terms
B. Six Two-year House terms
C. One Six-year Senate term and three Two-Year House terms
2. No Tenure / No Pension.
A Congressman collects a salary while in office and receives no pay when they are out of office.
3. Congress (past, present & future) participates in Social Security.
All funds in the Congressional retirement [...]
THIS IS HOW YOU FIX CONGRESS
“I am sending this to virtually everybody on my e-mail list and that includes conservatives, liberals, and everybody in between. Even though we disagree on a number of issues, I count all of you as friends. My friend and neighbor wants to promote a “Congressional Reform Act of 2010″.. It would contain eight provisions, all of which would probably be [...]
- Washington’s Blog
As the BBC noted last week:
Mervyn King, the governor of the Bank of England, has tonight made a big intervention into the debate on banking reform. In a speech at Buttonwood, New York, he [listed] much more radical proposals.
1. Forcing the riskiest banks to hold capital “several times the magnitude” of requirements at present.
2. The Volcker rule-style enforced breakup of banks into [...]
by Hvnablast
1. Term Limits. 12 years only, one of the possible options below..
A. Two Six-year Senate terms
B. Six Two-year House terms
C. One Six-year Senate term and three Two-Year House terms
2. No Tenure, No Pension.
A Congressman collects a salary while in office and receives no pay when they are out of office.
3. Congress (past, present & future) participates in Social Security.
All funds in the Congressional retirement fund move to the [...]
I am sending this to virtually everybody on my e-mail list and that includes conservatives, liberals, and everybody in between. Even though we disagree on a number of issues, I count all of you as friends.. My friend and neighbor wants to promote a “Congressional Reform Act of 2010″. It would contain eight provisions, all of which would probably be strongly endorsed by those who drafted the Constitution and the [...]
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