I like the third option: State Constitutional Conventions, followed by splitting the USA into multi-State regions, with each region responsible for paying off their share, AND ONLY THEIR SHARE, of the National Debt.
Obama has proven that we all cant get along.
So-be-it to our Union.
In the meantime I'll be looking for ways to fortify my personal position against any manner of assault that might arise. We be in uncharted waters now, me hearty!