A Modest Proposal

The artist said that the more complicated an idea, the more worthless. So here is a very simple bizarro world thought experiment:

What would happen if...

  1. Everyone in America maxed out their credit cards (on average about 4) to pay as much of US debt as possible (link)...
  2. Everyone refused to pay their credit card bill when invoiced.

Net result: America pays off the debts incurred to rescue the banks?

h/t Storm