The President will NOT partake in an inaugural ball or celebrations upon election to a second term of office is there is a government deficit. Money will be saved on increased security, and celebration cost.
The President's family will not exceed 3 vacations per year as secret service and escorting military planes are expensive. Any vacations exceeding 3 per year will be paid out of pocket including the escorting planes, military personal and additional secret servicemen and security measures.
Congressmen will not receive lifelong compensation and will only be compensated in office. They must pay into social security, accept Obama Care or medicare for their health insurance Children of congressmen will no longer be exempt of student loans as in the past.