One must firstly consider the question - should the US even attempt to pay off it's $16.5 trillion debt ? If the answer is NO then it will have to renege on the debt. If the answer is YES then the question remains as to HOW ? Maybe offerring something to write off some of the debt ? China is owed about $10 trillion. Is Hawaii or say Alaska worth that much ? The USA did buy Alaska off the Russians for a lot less. Perhaps a 10% a year tax on savings or even wealth would raise quite a sum. Make George Bush find it ? Even his proctologist didn't get a glimpse of that sort of sum.