US gubmint shutdown + default + subprime sequel?

[PanzerJaeger]

I'm sorry, were you wrong?

~Jirisys ()

I'm not sure that graph is making the point you think it is.

The budget deficit relates to spending, while tax rates impact revenues. Even if revenues are very high, higher spending will result in a deficit, which is what occurred during the Bush years.

Even in your graph, you can clearly see the jump in revenues effecting the deficit after the the tax cuts - which is clearer in this one.