[Headline from DRJ]
The White House projects that the federal deficit will surpass $1 trillion this year, the only time in the nation’s history the deficit has exceeded that level excluding the 4-year period following the Great Recession.
“The 2019 deficit has been revised to a projected $1.0 trillion,” the White House Office of Management and Budget wrote in its mid-year review.
As a candidate, President Trump had promised to not only wipe out the deficit, but the entire federal debt, which has surpassed $22 trillion.
The government fiscal year is over September 30, 2019. Still time for spending more money.