OK let's just ignore the ending of that chart for a second, because that craziness is mostly a result of the Great Recession or whatever we're calling it, and the lines will normalize as the recessions ends. The whole cause of the deficit is that since roughly the 80s (REAGAN), the red line (government spending) was more than the blue line (government revenue). For the record, that is the opposite of fiscal conservativism. Things were getting progressively better in the 90s for the first time in a while - and spending was flatter than it usually is, and revenues increased a lot. Then things just went to shit in the 00s, with revenues plummeting and spending continuing at increasing levels. That is just bad math.
And it's not complicated either! C'mon.
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