Warren Buffet's Five Minute Plan to Fix the Deficit

This is a quote from a CNBC interview on July 7th of 2011.

"I could end the deficit in five minutes.  You just pass a law that says that any time there's a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election."  The only problem: the people who would have to pass such a law are the same people who would lose their jobs.