Fiscal Cliff

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  • skiracer
    Senior Member
    • Dec 2004
    • 6314
    #16
    Our legislatures make me want to puke.
    THE SKIRACER'S EDGE: MAKE THE EDGE IN YOUR FAVOR

    Comment

    • riverbabe
      Senior Member
      • May 2005
      • 3373
      #17
      Mimo, I sent it to one of our old trading friends, Art L. He just emailed me back to say that Snopes says it's TRUE.

      Comment

      • Karel
        Administrator
        • Sep 2003
        • 2199
        #18
        Still, you have been snoped:
        Did Warren Buffett Suggest This Plan That Could Fix the Budget Deficit?
        http://www.snopes.com/politics/quotes/buffett.asp
        Warren Buffett quipped about passing a law that says anytime the deficit is more than 3% of GDP, all members of Congress are ineligible for re-election.


        The opening comment, the "proposal" that all members of Congress become ineligible for re-election et cetera, is true. Snopes considers this "more in the nature of a wry commentary on the workings of Congress than a serious proposal for tackling the budget deficit".

        The "Congressional Reform Act of 2012" is much older, according to Snopes on the same web page. They give a detailed consideration here: http://www.snopes.com/politics/medic...hamendment.asp

        Regards, Karel
        My Investopedia portfolio
        (You need to have a (free) Investopedia or Facebook login, sorry!)

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