Sense on Cents

The outline highlighted below needs no real preamble. The fact is this draft should be an American Mandate as it represents the ultimate ‘sense on cents.’ The time is long past due for some accountability in Washington. This mandate is the right start.

Much like the reflection of Capitol Hill in the photo to the right, the members of Congress may want to reflect upon just how elitist the entire body has become. Who in Congress has the balls and the backbone to propose this Reform Act? I am calling out each and every Republican and Democrat alike. Who’s in?? You call yourselves Americans? Let’s see it.

I thank the friend who passed this along and I would encourage others to spread this American Mandate!!

CONGRESSIONAL REFORM ACT of 2011…………..

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 Social Security system immediately. All future funds flow into the Social Security system and Congress participates with the American people.

4. CONGRESS CAN PURCHASE THEIR OWN RETIREMENT PLAN
Just like each and every other American.

5. CONGRESS WILL NO LONGER VOTE THEMSELVES a PAY RAISE
Congressional pay will rise by the lower of CPI or 2.5%.

6. CONGRESS LOSES THEIR CURRENT HEALTH CARE SYSTEM
Congress will participate in the same health care system as the American people.

7. CONGRESS MUST EQUALLY ABIDE by ALL LAWS
No special exemptions or treatment.

8. ALL CONTRACTS WITH PAST AND PRESENT CONGRESSMEN ARE VOID
Effective 1/1/12.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Think of the money this will save and the problems that it will much more quickly solve!
Health care. Medicare. Social Security. IRA and pension plan reform and on and on.

The American people did not make deals with Congressmen. Congressmen made all these deals 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 back to work.

What do you say, Paul Ryan? How ’bout it, Darrell Issa? Barney Frank? Chuck Schumer? Man up, who’s got the cojones to lay it on the line??

Spread the word and the ‘sense on cents’ within this American Mandate!!

Thoughts, color, comments, constructive criticism always encouraged and appreciated.

Larry Doyle

Please subscribe to all my work via e-mail, an RSS feed, on Twitter or Facebook.

I have no affiliation or business interest with any entity referenced in this commentary. The opinions expressed are my own and not those of Greenwich Investment Management. As President of Greenwich Investment Management, an SEC regulated privately held registered investment adviser, I am merely a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

This entry was posted on Friday, January 7th, 2011 at 6:03 PM and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.