Federal Receipts vs Federal Spending

The chart below shows yearly Federal Receipts and Federal Spending from 1977 through 2012.  Based on data from 1977-2011 the Average Annual Growth of Federal Receipts has been 5.9% while the Average Growth of Federal Spending has been 6.7%.  If we apply these averages out in time through 2025 you can see there will continue to be a huge difference between Federal Receipts and Federal Spending as the gap will continue to grow.  In fact by the end of 2023 Federal Deficits will be nearing 2 Trillion Dollars a year if the current long term averages for Federal Receipts and Federal Spending continue over the next 10 years.  To balance this out you have to Cut Federal Spending and Raise Taxes as there is no other way to do it.  Otherwise at some point the whole system will eventually collapse much like we have seen in Greece.