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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元
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" n# p7 O _' b& ^7 S9 ]The first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.5 D% b) @9 F V$ A
第一列表示会计年度,其次是该年度的赤字(十亿)。其次是财政年度的债务增加,其次是赤字/ GDP。最后,列举了影响赤字的事件
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events0 `9 p* u6 o$ _2 W/ P) m
1929 ($1) ($1) (0.7%) Market crash
6 P" s: m3 q3 A6 }1930 ($1) ($1) (0.8%) Smoot-Hawley+ P, a4 T" ^4 U6 G
1931 $0 $1 0.6% Dust Bowl: Y; C4 E! q7 G4 H, W: F
1932 $3 $3 4.5% Hoover tax hike: }3 ^. \8 n' e& [8 E" o" A; i
1933 $3 $3 4.5% FDR New Deal! h3 o' m6 p6 d; G+ g8 A
1934 $4 $5 5.4% GDP up 10.8%, debt also rose$ w3 x q; T5 f) r$ k# C8 h# p
1935 $3 $2 3.8% Social Security
4 C- W* W$ z6 ` }( I1 r1936 $4 $5 5.1% Tax hikes
6 a/ w& u" [" f& E' z1937 $2 $3 2.4% Depression returned, third New Deal
m. S5 k$ y6 b4 @1938 $0 $1 0.1% Dust Bowl ended
! }& v; A; T' k' U& O6 _1939 $3 $3 3.0% Depression ended
# E3 R2 x }6 x& h8 ~ D4 Q1940 $3 $3 2.8% Defense increased8 b3 @9 S* j' M0 U7 t" |* a' Q* ]* b
1941 $5 $6 3.8% Pearl Harbor/ ?' P- m. A4 l2 i7 p) X
1942 $21 $23 12.3% Battle of Midway, u3 ~( B! H# y3 x: C5 O
1943 $55 $64 26.9% Defense tripled
7 k' L8 L) x7 y6 i" A! `8 R. o1944 $48 $64 21.2% Bretton Woods
" v# {$ G9 r9 Z1 D6 C/ @& ?1945 $48 $58 20.0% WWII ended: _9 h' m9 n; G* G* J5 {- u, n
1946 $16 $11 7.0% Recession
$ g/ h! [1 ]# { j8 |1947 ($4) ($11) (1.6%) Cold War
& t" x. E; R+ z, a! ]7 f1948 ($12) ($6) (4.2%) Recession& W9 k" ^7 z1 v. {' H
1949 ($1) $0 (0.2%) Recession
7 f2 f. ~, K5 O( @. v) [. Q1950 $3 $5 1.0% Korean War' d: L% [9 D& ?
1951 ($6) ($2) (1.7%) Expansion7 D5 K" ], ]3 H% f. {* H
1952 $2 $4 0.4% Expansion! ?1 V8 m# h2 \
1953 $6 $7 1.7% Korean War ended, recession
* I- U9 J8 T$ o% L/ }9 n1954 $1 $5 0.3% Recession, Eisenhower budgets4 q" U! i* [4 M' H8 J
1955 $3 $3 0.7% Expansion
5 A' ?9 X' I' |$ h# h8 R; F( J1956 ($4) ($2) (0.9%) Expansion2 I0 O( t, M# G# K% J5 ]
1957 ($3) ($2) (0.7%) Recession
' d/ \& m$ P; z- v% J1958 $3 $6 0.6% Recession ended
( ^7 @( C# G4 g2 u) W) f8 q w1959 $13 $8 2.4% Fed raised rates! }7 t; v5 @2 W
1960 $0 $2 (0.1%) Recession6 v* _* T4 B$ n$ e6 [* ]- {
1961 $3 $3 0.6% JFK & Bay of Pigs
* n' T$ K. J- C: Q1962 $7 $10 1.2% Cuban Missile Crisis
/ H7 D0 H J& R; R# c [1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
2 N6 k4 `$ V6 l8 }2 o8 L1964 $6 $6 0.9% LBJ War on Poverty0 M# f9 N% l2 a
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War9 l+ c$ B" O3 n4 Y( J/ f/ o. w
1966 $4 $3 0.5%
1 @) s7 f% y; [$ e7 i' p1967 $9 $6 1.0% Expansion: N5 P' {$ b9 L6 h; K+ a) M' Y
1968 $25 $21 2.6% Moon landing0 _3 O- r# J7 n4 m
1969 ($3) $6 (0.3%) Nixon took office
% v7 M) n' I" ?/ I5 U1970 $3 $17 0.3% Recession" O6 L* Q- R" O& b1 Z4 v
1971 $23 $27 2.0% Wage-price controls, b$ u* P- Q8 |6 Z) n
1972 $23 $29 1.8% Stagflation
. a s) P- c1 i2 f- @5 ?+ O1973 $15 $31 1.0% End of gold standard
% r6 S$ a+ X* E. O1974 $6 $17 0.4% Budget process created, Watergate. c4 d! l3 w- |7 O3 ~9 h) E
1975 $53 $58 3.1% Ford budget, Vietnam War ended8 j8 @; D b; K: P# B
1976 $74 $87 3.9% Stagflation
4 O- c, ^8 K3 _# F. Z1977 $54 $78 2.5% Stagflation
0 d' p6 z$ x0 w7 ?1978 $59 $73 2.5% Carter budget, Recession& J! d, B! d0 w( r4 l
1979 $41 $55 1.5% Recession
- s6 v5 L/ \6 _( x$ J3 |( m1980 $74 $81 2.6% Volcker raised rates to 20%
0 Q G% }5 ^# b+ ?: J: ?1981 $79 $90 2.4% Reagan tax cut
, x! `. f. T1 P* l+ N% O q$ q/ a1982 $128 $144 3.8% Reagan increased spending, H) z& D" ~+ }% T! U! t9 F
1983 $208 $235 5.6% Jobless rate was 10.8%$ ?7 y: y, d" v
1984 $185 $195 4.5% Increased defense spending. P3 i* h2 q: a; ~- E0 T3 w
1985 $212 $256 4.8% Increased defense spending
4 l- G0 |$ f* X/ {& ^$ S3 |- e1986 $221 $297 4.8% Tax cut
/ n1 M1 `7 }+ i w% m' m& E1987 $150 $225 3.1% Market crash& }8 F7 h \) T- s
1988 $155 $252 2.9% Fed raised rates
4 a1 k+ b8 C# e+ p' ~1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
6 ]% J! K% W# h& _: K9 A1990 $221 $376 3.7% Desert Storm+ g! j: u8 T2 k" G0 [7 L. U
1991 $269 $432 4.3% Recession
% q1 [ Y+ O2 U! L1 R, M/ {1992 $290 $399 4.4% Expansion- L/ w* |* g, a f* W% U
1993 $255 $347 3.7% Clinton signed Budget Act& Q- d& _* ?) \/ H: Q* _, R
1994 $203 $281 2.8% Clinton budget
5 c g% ^: ~! }7 g1995 $164 $281 2.1% Expansion
1 [4 T: R9 p8 H& }0 H* J) R2 |1996 $107 $251 1.3% Welfare reform
0 o. v# m( Q! v. e9 _3 C* m+ l1997 $22 $188 0.3% Expansion
. G! d& ]! f9 E1998 ($69) $113 (0.8%) LTCM crisis, recession9 L1 ]4 P$ X1 S7 |
1999 ($126) $130 (1.3%) Glass-Steagall repealed
- R9 A9 ^ a/ X8 M2000 ($236) $18 (2.3%) Surplus
$ ?* J5 ]4 i9 |) m2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA) v% A t4 ^2 b- [1 w5 A# h
2002 $158 $421 1.4% War on Terror" m' ]* W$ \) i' _
2003 $378 $555 3.3% JGTRRA
, |* ^( n& d+ w2 x2004 $413 $596 3.4% Iraq War
& g, W. n0 S* p( f9 ~4 E+ |2005 $318 $554 2.4% Katrina, Bankruptcy Act3 n3 k$ v2 b& W/ S" O: j) o
2006 $248 $578 1.8% Bernanke chairs Fed* A; X2 r! Y$ }; n3 v9 g# Q+ D- v, q
2007 $161 $501 1.1% Bank crisis
0 G B& a; M0 h: I3 x2 @$ M2008 $459 $1,017 3.1% Bank bailout, QE
( X1 m# D- \ q! ^. |4 E2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
& \6 Y# T+ ~& k0 p2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
! D0 c7 A2 @0 |* v8 D ?; Q8 Z/ i2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue2 D( S4 x" H$ k, X R4 r
2012 $1,087 $1,276 6.7% Fiscal cliff, H# G( F) W5 B7 ^6 `
2013 $679 $672 4.0% Sequester, government shutdown5 H, v& p h7 p/ z- D: l7 P
2014 $485 $1,086 2.7% Debt ceiling1 u, p+ ?9 G8 a6 T
2015 $438 $327 2.4% Defense = $736.4B
. |! j- Z: y# G Q d* S* {4 l5 o2016 $585 $1,423 3.1% Defense = $767.6B
- I! ^2 i! ~, u- d! A( M2017 $665 $672 3.4% Defense = $817.9B
/ W1 s9 |+ {. d3 Q# g5 U$ l7 i2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
, V4 ?, X% ]0 B4 [2019 $1,091 $1,314 NA Defense = $956.5B6 w9 ~3 F' e/ ]( K4 R- w: i$ v/ `
2020 $1,101 $1,281 NA Defense = $989B# u1 R7 @, B, z8 w/ q* R
2021 $1,068 $1,276 NA NA
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