NOT Warren Buffet's plan to fix Congress.

I didn't write this.

This has been sent to my e-mail box at least three times now, so I thought I would share it with all of you.

I think you will find that is something that is definitely worth sharing.

_*Congressional Reform Act of 2011*_ 

1. No Tenure / No Pension. A Congressman/woman collects a salary while in office and receives no pay when they're 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 not be used for any other purpose. 

3. Congress can purchase their own retirement plan, just as all Americans do. 

4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%. 

5. Congress loses their current health care system and participates in the same health care system as the American people. 

6. Congress must equally abide by all laws they impose on the American people. 

7. All contracts with past and present Congressmen/women are void effective 1/1/12. The American people did not make this contract with Congressmen/women. Congressmen/women 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 back to work.

THIS IS HOW YOU FIX CONGRESS!

Well I don't know about all of you, but this certainly sounds like a winner to me!

Your thoughts?

Update: Hah! I just learned that this plan which has been forwarded to me numerous times by contributors to IM, is in fact a fake plan for a 28th Amendment that has been circulating since 2010 and has NOTHING to do with Warren Buffet.

His name was added based on this quote about ending the deficit:

"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 Still I do like like some of its points.

You can learn more visiting Snopes.

I still have to admit that I agree with much of it, regardless of where it originated.

Update 2: It looks like the Occupy Wall Street folks were hoaxed by this e-mail as well.