For example, I'll use myself.
In a HYPOTHETICAL world where, for whatever reason, its physically absolutely impossible for spending to be cut and taxes to be lowered. In this hypotethetical world then the only thing that can be done is either have a high deficit and low taxes or vise versa. In that hypothetical world alone I would want higher taxes on EVERYONE until such a point that it levels out, and then I'd want it reduced.
However, we don't live in that hypothetical world. The more we, as citizens, continue to allow politicians to get away without accountability and take the most reasonable, logical, and realistic method of dealing with this...reducing spending...off the table the more the problem is our faught.
The CORRECT answer to this is...neither. If they raise taxes, but don't cut spending, vote their asses out. If they lower taxes, but don't cut spending, vote their asses out. STOP just assuming they won't do it and then basing everything off that because it does nothing but encourage that very attitude.
In theory, I'm definitely in favor of raising taxes in the short term to get rid of a deficite...IF its combined with spending cuts. The reason I say that is because a politician is not willing to ALSO cut spending then it shows they're not serious about fixing the deficite. If they're not serious about fixing it then the notion that higher taxes is going to go to reducing it is pissing in the wind...its going to come right back around in your face. All higher taxes would mean would be the ability for higher spending, higher spending would then lead to higher deficite. And the trend continues.
So in theory, if we had responsible politicians but lived in a world where its physically impossible to cut spending...sure, tax us a bit more till we get this under control. But we don't live in this magical fantasy world and if they don't have the conviction to cut spending there's no reason to believe that the increased taxes will lead to anything but increased spending.
However, your question raises another interesting hypothetical to post.