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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 3 D" J$ l: F# Y' j3 G
% E+ Q( I9 O0 @2020财年美国预算赤字预计为1.1万亿美元2 c' p& S, q3 K( x; B
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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.+ o% c6 F/ ?2 j2 \% [- X$ Z" d6 _
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 Events
- b7 U( q( y, v3 N1929 ($1) ($1) (0.7%) Market crash
. v; s6 ?7 N+ f3 Y% I4 L2 }1930 ($1) ($1) (0.8%) Smoot-Hawley
8 Z* g% ], d0 w. e1931 $0 $1 0.6% Dust Bowl
5 I8 o+ ~ Y. E4 C, }8 ~1932 $3 $3 4.5% Hoover tax hike- `; j( r+ `3 P- c( W$ v
1933 $3 $3 4.5% FDR New Deal
' \/ }* ]% n! J1934 $4 $5 5.4% GDP up 10.8%, debt also rose) b- p K- O$ K" O! Z& w
1935 $3 $2 3.8% Social Security: x- N" n& R1 {4 V
1936 $4 $5 5.1% Tax hikes
! F u, H: q' Y% q0 y1937 $2 $3 2.4% Depression returned, third New Deal
! S1 U: P, W* i/ U( y1938 $0 $1 0.1% Dust Bowl ended" d& ?* {( _$ l1 E: y7 \4 M
1939 $3 $3 3.0% Depression ended+ I' V: H7 v4 A5 V; Z
1940 $3 $3 2.8% Defense increased6 |9 \7 J$ n# D9 U, \( \/ W" ~
1941 $5 $6 3.8% Pearl Harbor
6 p. Z. z) B4 H" b: X/ U1942 $21 $23 12.3% Battle of Midway! w5 |6 R0 D3 \; G; O3 ?4 y
1943 $55 $64 26.9% Defense tripled
O6 m) F3 a9 _5 ~. P O1944 $48 $64 21.2% Bretton Woods
7 ?% C* b3 p8 w- Y* l6 d/ j! ] W+ f1945 $48 $58 20.0% WWII ended! j8 c, O, D# U
1946 $16 $11 7.0% Recession7 P+ p/ ]5 K7 z c1 D7 w4 y1 ^( U
1947 ($4) ($11) (1.6%) Cold War
+ o. R8 ]! E7 i1 z G3 }1948 ($12) ($6) (4.2%) Recession
4 k. e! u h; n/ c1 {( s, s) k1949 ($1) $0 (0.2%) Recession W) p" _% x4 v$ s
1950 $3 $5 1.0% Korean War
4 i. h/ o( o$ M/ @5 {1951 ($6) ($2) (1.7%) Expansion
6 q1 t% U$ `$ b& j2 n7 u1952 $2 $4 0.4% Expansion
) ^2 Y1 D: z! a$ K6 I1953 $6 $7 1.7% Korean War ended, recession
- o$ p0 e, q3 | G1954 $1 $5 0.3% Recession, Eisenhower budgets
* J9 y" u6 |' |( T1955 $3 $3 0.7% Expansion% K& M# U+ V! ?' g7 e
1956 ($4) ($2) (0.9%) Expansion! {& r" {& I) G; R" v. {# l
1957 ($3) ($2) (0.7%) Recession
+ Q8 d' e, C3 Y7 n: W1958 $3 $6 0.6% Recession ended$ I* ?8 b! `( ^+ \: q" ^
1959 $13 $8 2.4% Fed raised rates
% L9 R8 |: y. B- h- |1960 $0 $2 (0.1%) Recession
+ \; v9 c4 o9 X: l# h. v7 r1961 $3 $3 0.6% JFK & Bay of Pigs
# p m* f; ^% T1962 $7 $10 1.2% Cuban Missile Crisis
7 Z/ G4 q4 r7 ^ C1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
o- y$ l- }5 L0 q) t1964 $6 $6 0.9% LBJ War on Poverty" @3 a, [- |* D+ Q
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
) C4 f* U* u7 Q9 @9 m4 P2 ~1966 $4 $3 0.5%
g; G) Y4 n, r3 p1967 $9 $6 1.0% Expansion
7 u9 ~5 X4 P l- N3 [1968 $25 $21 2.6% Moon landing) N1 }8 O' _4 f4 S$ l* c# Y
1969 ($3) $6 (0.3%) Nixon took office
7 {* d/ ]/ T( \. Y9 R- F4 Q" y4 u, G: j Q: J1970 $3 $17 0.3% Recession( |4 U- P8 f% S+ {) z$ N
1971 $23 $27 2.0% Wage-price controls
/ A7 K1 `+ j& z# |, {" E; c1972 $23 $29 1.8% Stagflation- M7 C' H) W1 J2 W+ L
1973 $15 $31 1.0% End of gold standard2 i; Z, u7 O. X$ J# {0 r
1974 $6 $17 0.4% Budget process created, Watergate
& d7 w9 D# ^. d8 M1975 $53 $58 3.1% Ford budget, Vietnam War ended% B3 S; A1 m# _' x
1976 $74 $87 3.9% Stagflation7 y7 w7 v7 E8 l/ M/ _
1977 $54 $78 2.5% Stagflation+ K2 B' H3 N) |. N
1978 $59 $73 2.5% Carter budget, Recession
. g* I8 f) o: C6 J- {1979 $41 $55 1.5% Recession# b* c- |6 B( F3 p* C; \6 M) R1 M
1980 $74 $81 2.6% Volcker raised rates to 20%3 _) u! n! a" C0 A& @
1981 $79 $90 2.4% Reagan tax cut2 K4 o. D) H- f1 `( U3 z/ ^
1982 $128 $144 3.8% Reagan increased spending
! }. z# ?5 K; H1 F& S4 j1983 $208 $235 5.6% Jobless rate was 10.8%
9 x( \) z# w! w/ a1984 $185 $195 4.5% Increased defense spending$ T0 b3 w* U6 V) M$ `
1985 $212 $256 4.8% Increased defense spending6 I3 k; ^% k/ i. F: A
1986 $221 $297 4.8% Tax cut4 s+ T8 t8 p! b8 y7 R$ S/ X
1987 $150 $225 3.1% Market crash
' l! i. N0 v* @' K2 H9 r1988 $155 $252 2.9% Fed raised rates2 b3 j, V: Q# \% K, c; N+ \
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget8 \ B! @& A" X# |
1990 $221 $376 3.7% Desert Storm
6 q6 ?' c; n: \& V# i' x% k1991 $269 $432 4.3% Recession8 B" r7 v0 _( c0 q2 Q7 c
1992 $290 $399 4.4% Expansion
! L& G) w3 \5 l6 Y* I/ d; v# {1993 $255 $347 3.7% Clinton signed Budget Act
* _5 h9 ?0 Q- n) f; [6 Z1994 $203 $281 2.8% Clinton budget1 i8 M) K. @3 V
1995 $164 $281 2.1% Expansion
% S6 ?- [" z( _+ ]: [1 c- k1996 $107 $251 1.3% Welfare reform
: b, `( V w- }; `1997 $22 $188 0.3% Expansion4 Y9 e# Q! q1 k$ t) P
1998 ($69) $113 (0.8%) LTCM crisis, recession; s( U5 T/ X. L0 I# j# S
1999 ($126) $130 (1.3%) Glass-Steagall repealed
+ o, n* t0 r. G2000 ($236) $18 (2.3%) Surplus8 v6 Z9 u+ m% e- Q7 u- M" b$ Z
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA9 N5 f% I ]& n& X8 C3 G
2002 $158 $421 1.4% War on Terror) \; {1 m2 T7 e; N0 w7 s
2003 $378 $555 3.3% JGTRRA
0 W& G, b: Z* R$ T! f/ R4 _2004 $413 $596 3.4% Iraq War
) d0 y) I3 n1 W8 ^2 h2005 $318 $554 2.4% Katrina, Bankruptcy Act
2 E9 |5 {% i5 o5 l2006 $248 $578 1.8% Bernanke chairs Fed
( {( M8 J0 ~! x- C; ^" W7 g4 c7 g- d$ M( m2007 $161 $501 1.1% Bank crisis+ c% O/ T! A0 N
2008 $459 $1,017 3.1% Bank bailout, QE8 f+ z7 R6 M5 m
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
6 `7 c, }4 e. F/ X% c! \* [5 H2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles* s* k8 \. C8 z3 K6 B- }* k* O2 W
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
% X2 l9 Y/ x' W' w2012 $1,087 $1,276 6.7% Fiscal cliff
7 q3 ]3 K/ L- o2013 $679 $672 4.0% Sequester, government shutdown
& P! w" g7 ]6 N9 }2014 $485 $1,086 2.7% Debt ceiling
k( G& p( O4 c E2 O O' ~+ R2 Z) U2015 $438 $327 2.4% Defense = $736.4B+ o# \3 C0 W4 U& Z; d
2016 $585 $1,423 3.1% Defense = $767.6B
. ~( V1 o" i' _+ m3 a& q2017 $665 $672 3.4% Defense = $817.9B
, Z6 P- C9 f* r+ Z/ ]2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
2 u$ y1 q) J8 x: ?2019 $1,091 $1,314 NA Defense = $956.5B" t8 m( ~" `4 n& q6 s+ U" m1 S' `( w
2020 $1,101 $1,281 NA Defense = $989B
) {/ N4 O$ p5 c2021 $1,068 $1,276 NA NA
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