Accountability - What do you think?

It is said that Warren Buffett, in a recent  interview with CNBC, offers one of the best quotes about the debt ceiling:

"I could end the deficit in five minutes," he told CNBC. "You just pass a  law that says that any time there is a deficit of more than 3 percent 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 three months and eight 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 took 1 year or  less to become the law of the land...all because of public  pressure."

He continues by offering the following solutions:

Congressional Reform Act of 2011

1. No  Tenure / No Pension.A Congressman collects a salary while in  office and receives no pay when they are 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 percent.

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 are void effective 1/1/12. The  American people did not make this contract with Congressmen. Congressmen 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.