You changed abruptly from ratio to GDP to deficts? Tsk tsk. That kind of thing can make you really REALLY look like a liberal.
But from your own link:
Mea culpa. Feeling under the weather today so I probably copied the wrong link.
The current projections assume that there will be no increase in tax revenues. In real terms that means that the American people will continue to allow themselves to be driven further and further into debt while the wealthy pay a pittance in taxes. This is unsustainable and will result in an economic collapse. When faced with that reality Congress won't have any other choice but to increase taxes. Whether they do it before or after an economic collapse depends entirely upon the ability of those currently obstructing the inevitable to comprehend what they are doing to this nation.
After every single major war that involved massive spending taxes were increased to pay for it. Republicans have always demanded that there must be revenues to offset spending
EXCEPT when it comes to defense spending and wars. The current situation is untenable and will result in economic pain clear across the nation. We have plenty of evidence that pure
AUSTERITY programs such as those currently being enforced in the EU sector do more harm than good. It was the economic stimulus that barely staved off another depression.
Capitalism fails when there is no revenue in the hands of government and the consumers. The state of perpetual war is intended to keep trillions flowing into the pockets of the defense special interests. The problem with that is without a robust economy that level of spending kills the golden goose. Given the current impasse and the constant demands that the US become involved in yet another war in the middle east the collapse of the economy is a foregone conclusion.
Yes, I have not addressed spending cuts for 2 reasons. Number one the largest social programs are already fully or almost fully funded with tax revenues. Number two the biggest spending of all occurs in the defense sector. You like to show partisan graphs that hide the truth about defense spending but no matter how hard they try it is still the single largest area where spending cuts can be made across the board without harming this nation's ability to defend itself. Until you are willing to address that sacred cow this discussion is going nowhere.