Term limits? We have 'em all ready. They're called elections.
I read several places this week that Congressional and Presidential salaries are not affected by sequestration. SURPRISE!
Here's the real, quick, simple sequestration fix: all of the above get pay forfeited in the amount of $1000.00 a day for the first week the American people don't get a balanced, no new tax budget enacted. Week two, the forfeiture goes to $2000.00 a day and increases by $1000.00 a day per week. Since this is Friday, I'd wager we'd have a budget by midnight Sunday.