Novel Way Of Restraining Deficit Spending

I have to admit that I read about this and immediately experienced one of those "Hmmm..." moments. Essentially, the new government of Slovakia inherited an 8% budget deficit from the previous government, and tried to come up with a way to restrain deficit spending. This is what they settled upon.
http://www.cato-at-liberty.org/a-novel-way-of-keeping-fiscal-deficits-under-control/

Having inherited an 8 percent budget deficit from the previous socialist government, the new conservative-liberal government of Slovakia has come up with a novel way of keeping budget deficits under control in the future. Starting in 2011, salaries of government ministers will rise and fall depending on the evolution of the fiscus. Thus, a budget deficit of 5 percent will translate to a 10 percent decrease in salaries, while an (unlikely) budget surplus of 5 percent will translate into a 10 percent rise in salaries.

This method might actually work, you know? Punish the people responsible for putting us deeper into debt. So, do you think this method should be implemented in the US Congress?