In my first Premium Post back in January, “2019 Economic Headwinds Look Like Storm of the Century,” I laid out sixteen major headwinds that would be howling against the economy this year. One of those was the government debt, which I said was about to skyrocket:

If you thought the government deficit exploded last year when taxes were cut and spending was increased, wait until you see how bad it looks this year…. Even in 2018, we saw GDP decline after the second quarter, so the idea that the stimulus effect of tax breaks will start to pay for those tax breaks is an idea that went bust after the second quarter. The fourth quarter is actually expected to come in no better than an average OBAMA quarter! “