OT: US National debt

[douglas]

narf poit chez BOOM said:
If I was in the US, I'd go with a 3% raise in taxes, as long as a constitutional and legal amendment was passed saying that all of the US's elected government would immediatly loose their positions if it were used for anything but debt reduction.

Any ideas for how to phrase that with no loopholes and without requiring a balanced budget? If so, I'm sure everyone who has ever tried to increase funding for something by dedicating all money from a new source of income to that cause would love to hear about it.