This is a proposal for a balanced budget amendment. We have the best financial brain in the history of the world giving advice on how to address this. Let's use his insight to improve our current financial system. Warren works with a Republican (Charlie Munger). If he can do it, I challenge current Republicans to work with Warren and Democrats to develop the best feasible plan. This would improve the general well being of all Americans. Politics aside, if you truly want whats best for the American people and consider yourself a statesman, I imagine you will make the necessary sacrifices. For more details, research what Warren Buffett has said to CNBC in past interviews as well as Mitch McConnell.
http://www.snopes.com/politics/quotes/buffett.asp
God bless America!