Deficit spending is a de facto tax increase. The borrowed money will have to be paid back through later taxation - with interest.
The tax cuts will just be reversed and then some once the deficit gets sufficiently high. The tax cuts will get the blame for the deficit - rather than the spending - and the public will be soured on tax cuts for a generation.
No. They won’t. Tax hikes generate less revenue. You know that. Taxes are probably roughly optimized for revenue generation right now. Bush screwed the left, got in on the credit for their programs and left them with no more money to create more. It’s genius.