I read an interesting report the other day. It summed up the entire net worth of every man, woman and child in the country. Even if Obama confiscated every penny of it, it would still not come close to enough to pay the debt. That is why a lot of people are going into doomsday prepper mode. Unless the government cuts spending by AT LEAST 50%, there is virtually no hope in the situation. The only other scenario is if we suddenly become a booming economy again and grow our way out if it, but here is no reason whatsoever to think that will happen other than fantasy thinking.
Actually, confiscating ONLY the offshored wealth of criminal American tax evaders would pay off the national debt AND- the government would have enough left over to finance universal health care for two decades.