The House Holds the Purse Strings

Come January, when the new Tea Party-influenced congress takes control of the House of Representatives, I guess we'll see if the Republicans can cut the pork, ear-marks and deficit spending from the U.S. Budget. I have heard it said that perhaps the only way to reduce the size of the federal government is to allow it to go bankrupt and sell off a bunch of its assets to settle its debts. What am I bid for Yellowstone?