The US deficit is projected to surpass $1tn in 2019, the largest it’s been outside of the four-year period following the Great Recession. The new record, previously expected but made official in the White House Office of Management and Budget’s newly released mid-year review, subtitled "Promises Kept, Taxpayers First," is in direct contrast with Donald Trump’s 2016 campaign promise to wipe out the deficit.

More info in the article
https://www.independent.co.uk/news/world/americas/us-deficit-how-much-trump-2019-recession-federal-debt-a9009851.html

My thoughts on this news

As I explained in my previous post, the US debt continues to increase because of the failure of politicians. They are corrupt and just keep creating more money simply because they can. They do not care that the purchasing power of everyday American workers keeps decreasing, they continue to print money to make sure they keep getting paid and the rich oligarchy keeps funding them via lobbying.

Well not only is the debt steadily increasing, we are about to hit a record breaking yearly deficit, this is mostly thanks to Trump's wonderful tax cuts he promised would help all Americans, well he lied, the tax cuts only helped rich Americans. For the first time in US history the deficit for 2019 is projected to be over $1 trillion! I guess those tax cuts are not paying for themselves like the Republican party promised. The lie they told Americans is that when the tax cuts pass everyone will get to keep more of their money and the rich will magically start spending all that extra money creating new jobs and increasing wages of workers. Once that happen all this new spending and earning by everyday Americans would generate more revenue for the US Government than the amount of the actual tax cuts. Unfortunately this was all bullshit, and now we have the numbers to prove it, the wealthy oligarchy just pocketed their extra tax cut money and maybe bought a few extra yachts with it...

The only thing that would fix our current economic problems is heavy progressive taxation, that will never happen when the oligarchy is in charge...