"The current debts of the US government are existing debt and cannot be paid without borrowing more or by increasing income.

No, the existing debt must be honored as directed by the Constitution. That means we should pay the interest on the public debt first. I believe that is about 15% of the budget.

Even if it is 15% of the budget dollar, we still have a total of 57¢ to work with. As I have said many times, the US Federal Government spend $1 dollar for each 57¢ it collects in revenue.

WE HAVE A SPENDING PROBLEM, NOT A REVENUE PROBLEM.