The problem will never by solved by any plan which requires increased taxes because the federal government has never shown any inclination to apply revenue generated by increase taxes to debt reduction. New taxes always go to new spending.
Not only are you moving the goal posts, but you are using provably untrue assertions to make your case.
Whether a country is bankrupt or not depends on its ability to control its deficits. If the deficits are "small" and well managed, then economic growth and modest inflation can take of the long term debt.
The HBush and Clinton tax increases were a big help in bringing the US into the black for a few moments, it just took some years to do their work. You should look at the world as it is, not as you remember it in 1978.