The solution to US debt? Sell Alaska

Maybe what Russian professor Igor Panarin had to say quite a few years ago, although off on the timing, might slowly be coming to fruition.

The prospect of once again hitting the federal debt ceiling has provoked the ritual round of hand-wringing about the intractable nature of this $US16 trillion conundrum. But there is a simple, elegant option that involves no tax increases, no spending cuts and just a bit of imagination.

Sell Alaska.

That’s right. Put the entire state – from Juneau to Deadhorse, from the Bering Strait to the Beaufort Sea – on the auction block.

Absurd? No more absurd than the spectacle taking place right now as we skid closer to the fiscal cliff. Continue reading