This nonsense only holds water if one equates the spending of Congress with that of a household, or any entity that isn't the monopoly issuer of our currency. The issuer of the currency has no need to "fund" its spending with taxation or borrowing. The US dollar is a sovereign and self funding tax credit that the federal government can never run out of as long as it has the ability to collect taxes, even though it has no use for its own currency as "revenue".

In fact, it is the deficit spending of Congress that "funds" both taxation and bonds. Think about it without the knee jerk reaction to the word debt for a moment. If all deficit spending comes from bond issues where did the dollars needed to purchase bonds come from?? They can only come from Congress spending more than it collects in taxes.

Nothing shows the fallacy of conventional reasoning in government budgeting better than the Social Security trust fund. Here is an excellent paper that "accurately" describes why we can't pre-fund our own retirement, or anything else, with the federal government.

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1010338

Here is an examination of how taxes are destroyed at the federal level and cannot survive to "fund" anything.

https://www.tandfonline.com/doi/abs/10.1080/00213624.2000.11506296

PS: The author of this paper is shown to be Stephanie Bell, but she is now "Dr. Stephanie Kelton" and is the economic advisor to Senator Bernie Sanders. Anyone who assumes a position of authority in economics should Google her and spend some time watching the many videos and reading the many papers she has produced. She is the most prominent public face of the Modern Monetary movement and is highly sought by investors and governments for her advice.