““One likely reason for the lower-than-expected receipts is that some parts of the economy have been weaker than C.B.O. projected in April 2018,” the budget office said. “A number of developments other than the tax act appear to have contributed to that weakness, including increases in tariffs, greater uncertainty about trade policy and slower economic growth in the rest of the world.””
“The ballooning defies a historic trend: Typically, the budget deficit shrinks when unemployment is low. But it is increasing despite the longest economic expansion on record and the lowest jobless rate in 50 years.” (Emphasis Medicynic)
Medicynical note: Now tell me again how we are going to run the government like a business……but please not his businesses. How many bankruptcies?