Obama's 1.6 Trillion Revenue Increase

Okay let's say we actually do increase Federal Revenue by 1.6 Trillion over a 10 year period which comes out to 160 Billion a year.  At the current time the government ran up a spending deficit of 172 Billion just in November alone.  So how in the hell is raising tax revenue by 100 Billion a year going to solve anything when the government is spending money like crazy.