To give you an idea of how much 16 trillion is, I cant give you an idea of how much 16 trillion is.
All I know is that it would be more than enough to pay off the US national debt
It is mathematically impossible to pay off the national debt. :-(
not if you let the banks go!
Actually, he is right, I dont know if for the right reasons or not.
To get rid of the government debt you need to change the monetary system first. Otherwise, by eliminating the government debt you would eliminate (almost) all the currency.
If I am not mistaken, the last and only president to pay all the government debt in the USA was Andrew Jackson and he did it by removing the central bank and then having restrictive fiscal policies to return the debt.