My suggestion for the bailout

What’s the biggest debt collection organization in the world, one that makes the mafia look like pikers?  The IRS, of course.

Once the US assumes this massive amount of debt, why doesn’t it turn the IRS loose on the collection?  Some people are genuinely in such financial distress that there’s no going back, but I bet that there are a lot of debts being turned over to the feds (especially those student loans) that fall well within the IRS’ range of collection experience.

As for any assets the US takes over (houses? cars?), shouldn’t those be sold back into the private sector?

In other words, while there’s an up front cost to this debt takeover, isn’t there an offset for debts that can be fully or partially collected, and for assets that still have market value?