I have no idea what point you are attempting to push for here, unless this is pedantry for its own sake.
1. I said debt, but I did not say national debt, and I also referred to it as spending in the same sentence. All spending is debt, until you offset it with revenue. If you fail to offset it, it will become deficit spending which contributes to the national debt, but that's really off-topic since we're talking about spending without regard to government revenue, only in comparison to household income.
2. I addressed the financial solvency of the federal government:
A. We could immediately raise taxes to a 40% average (and let's argue whether we should get there by raising Romney's taxes to 45%, or by raising mine to 65%...)
B. We could cut all military spending, which accounts for half our budget.
Implicit in this is the idea that we could actually use some mix of the two, where we raise taxes to repair the roads we've let rot over the last decade, and simultaneously draw-down military spending until we only outspend 4 or 5 of the next-most-powerful militaries, rather than the top 20 as we do now.
3. Your claim that the government is insolvent is belied by reality, where our government can still sell bonds at a lower interest rate than anyone else in existence. Why do they have a better credit rating than you can ever hope to achieve, if they understand math so much worse than you? We are deficit spending currently, but that was also the case the last time we had a Bush run up the bills, and Clinton turned that around. There is every indication that Obama is turning this around, even with Boehner doing his very best to prevent a recovery. Assuming that we can keep the pressure on to get millionaire tax rates matched to my tax rate, we should be able to increase revenue and decrease spending until we are again paying down the national debt rather than building it up.