How do you fix the debt ceiling in the USA? Warren Buffet has a great strategy

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 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 one (1) year          or less to become the law of the land - all because of public pressure.                      Warren Buffet is asking each addressee to forward this email to          a minimum of twenty people on their address list; in turn ask          each of those to do likewise.            In three days, most people in The United States of America will          have the message.  This is one idea that really should be passed          around.        CONGRESSIONAL REFORM ACT of 2012                           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 12/1/12. The American people did not make this          contract with Congressmen/women.          Congress 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.            If each person contacts a minimum of twenty people then it will          only take three days for most people (in the U.S.) to receive          the message.  Don't you think it's time?          THIS IS HOW YOU FIX CONGRESS!