There is a quote attributed to Warren Buffett winging its way
through the Intertunnel (spent a few minutes trying to find the
original source where Buffett actually said it, but to no avail). He
is reputed to have said that the solution to the deficit problem is
"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 reelection."
No word on whether or not he thinks passing such a law
would be easy.