debt jubilees

Answers to International Debt?

Using legit information and detail, What do you think the US should do to help the growing problem of International Debt? Have they done anything so far? Would a Jubilee, or complete debt cancellation be a good solution or would it create more problems?
In June 2007, Rep. Maxine Waters (D-CA) and Rep. Spencer Bachus (R-AL) introduced the Jubilee Act for Responsible
Lending and Expanded Debt Cancellation (H.R. 2634) in the House of Representatives. Senators Robert Casey (D-PA),
Richard Lugar (R-IN), and Chris Dodd (D-CT) followed suit in October by introducing an identical Senate companion bill
(S. 2166). This legislation calls for more transparent and responsible behavior on the part of creditors, while expanding
eligibility for debt cancellation to all 67 countries that need it to meet the MDGs, without imposing harmful economic
conditions. —http://www.jubileeusa.org

The US is the LAST country to help others with debt.

Do you have any idea who much debt WE carry?