You're rearranging the deck chairs of the Titanic. You get into some pretty absurd taxation levels, you just won't get the sort of revenue that you need to balance a budget that is so much spending.
And the worst part is, the government's already taxing you for stuff that you should just get. The United States spends more public money on health care than most countries, as much money on health care as some single payer nations. Everyone seems to think that there needs to be more money, but there doesn't. The money is there. It's just not being used properly. In any other country on the planet that amount of money should result in universal healthcare. Instead, the government program is run so incompetently that every family needs to spend absurd amounts of money on Private health care.
This just seems to be the way that the US government works. They take the money to do a thing, then they just don't do the thing. That is an austerity, it's incompetence.