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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元5 C. J2 m1 ?, z. V7 F1 a
* Q# q4 {6 l2 X# lThe first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.
! O0 A; i( |* z/ ]$ `2 ` 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' e x& h) D: R' Q( D
" X: N3 ^5 r: O: @Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
8 y! E4 B6 Z: ~1929 ($1) ($1) (0.7%) Market crash1 M( O6 w" J; C7 F! D! D
1930 ($1) ($1) (0.8%) Smoot-Hawley7 _- u$ ]6 d7 \' t- y
1931 $0 $1 0.6% Dust Bowl* M: @1 _' a4 y- r# s- E1 K4 {: I q
1932 $3 $3 4.5% Hoover tax hike0 M* `/ o! W r- Q8 z
1933 $3 $3 4.5% FDR New Deal) H; Z: A1 N: C- r
1934 $4 $5 5.4% GDP up 10.8%, debt also rose6 n, B6 J x' m" Y3 G& M
1935 $3 $2 3.8% Social Security* Z X4 [* v1 ?( v/ a, _
1936 $4 $5 5.1% Tax hikes8 s( Q* P5 ]9 ~; F7 ?, s# `8 M
1937 $2 $3 2.4% Depression returned, third New Deal
# u6 v: ?) a) j8 A4 w" v s& C1 E1938 $0 $1 0.1% Dust Bowl ended/ b$ g$ u( A3 e N9 e
1939 $3 $3 3.0% Depression ended
+ ` u3 x$ {2 n1940 $3 $3 2.8% Defense increased
% I4 y8 v' l$ N" ?& W% `1941 $5 $6 3.8% Pearl Harbor
$ F: G: z9 ~; d `# y6 C1942 $21 $23 12.3% Battle of Midway$ m" f# Q& W7 a
1943 $55 $64 26.9% Defense tripled
1 V; T' {5 Z4 ^) D; j- {. c1 c1944 $48 $64 21.2% Bretton Woods
0 q3 {1 U6 f! x# F' Y; O1945 $48 $58 20.0% WWII ended
. G/ A" R& I' [ q1946 $16 $11 7.0% Recession
% {$ D4 b4 M* T( I) U: L/ y/ J4 u. z1947 ($4) ($11) (1.6%) Cold War
6 {4 u5 v# E9 L1948 ($12) ($6) (4.2%) Recession
$ t6 d8 Y! l" v7 }3 N1949 ($1) $0 (0.2%) Recession
2 |5 f2 g3 g1 B3 O! `$ C; `$ k7 b1950 $3 $5 1.0% Korean War
4 a$ ^: _8 C3 |0 h6 J4 f1951 ($6) ($2) (1.7%) Expansion
) ?2 w" N( y# u6 T3 r, z0 H3 ~3 H1952 $2 $4 0.4% Expansion
0 q& k: O1 J+ f+ ^9 m1953 $6 $7 1.7% Korean War ended, recession; `; Q3 [- Y e) B. C! W
1954 $1 $5 0.3% Recession, Eisenhower budgets$ H2 U! T' X7 [+ ]+ r9 h# n
1955 $3 $3 0.7% Expansion
+ H- n+ W R7 K5 G" M1956 ($4) ($2) (0.9%) Expansion
' P- K9 O1 v& I( M5 S+ M% `4 S1957 ($3) ($2) (0.7%) Recession- j' F/ O# U' R- E h6 ?- [
1958 $3 $6 0.6% Recession ended; z) O$ h$ {. [! R; @# p
1959 $13 $8 2.4% Fed raised rates2 J8 ]/ Z7 v1 ^( V
1960 $0 $2 (0.1%) Recession
. q8 j+ l% C3 I$ W2 f4 n+ b1961 $3 $3 0.6% JFK & Bay of Pigs$ l6 b( _: u1 a
1962 $7 $10 1.2% Cuban Missile Crisis6 t8 K! m. |! H) |; j
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed# |- z3 g, _( E
1964 $6 $6 0.9% LBJ War on Poverty+ |4 R$ L( |- L( H, t( X( ]
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
3 c( A/ `0 ]" X: S S1966 $4 $3 0.5% ; {, u0 `! I# }- F4 q6 E' g9 s& M
1967 $9 $6 1.0% Expansion
! F3 E8 a! C' v: f. \+ b1968 $25 $21 2.6% Moon landing8 r% E. B: q6 H
1969 ($3) $6 (0.3%) Nixon took office' G1 D b# v; z+ `6 [' V. N) j
1970 $3 $17 0.3% Recession
; {$ `9 F% r9 _# N& {4 F% T1971 $23 $27 2.0% Wage-price controls9 p9 z1 T% O* o$ y* i( k
1972 $23 $29 1.8% Stagflation
# B% W! ?( x& V% ]1973 $15 $31 1.0% End of gold standard/ u/ z# p' ?! t; x
1974 $6 $17 0.4% Budget process created, Watergate3 z( E) s( @, I' _% }, J1 H
1975 $53 $58 3.1% Ford budget, Vietnam War ended
' C% k9 d6 p" c1976 $74 $87 3.9% Stagflation
z0 y, W% S1 ~: D# Y y# ], W1977 $54 $78 2.5% Stagflation6 {/ X {8 P4 P0 B" M' P
1978 $59 $73 2.5% Carter budget, Recession! a- b. u$ M0 W( x& a4 F
1979 $41 $55 1.5% Recession* Z- W% ^$ t2 u7 }3 I; {: z
1980 $74 $81 2.6% Volcker raised rates to 20%( A: m: L7 J \) `1 ?0 V
1981 $79 $90 2.4% Reagan tax cut' ?, m8 x- o' i' i$ G8 T9 A
1982 $128 $144 3.8% Reagan increased spending
* E6 X0 a6 g" j! v1983 $208 $235 5.6% Jobless rate was 10.8%
# R5 d( {) c, U* k/ F! a1984 $185 $195 4.5% Increased defense spending( U- c) f3 ?0 w# a( ^ L
1985 $212 $256 4.8% Increased defense spending
8 }% Y) K3 F& q& O+ s! m6 u3 @1986 $221 $297 4.8% Tax cut
) ~+ }6 M' Q G9 R1987 $150 $225 3.1% Market crash6 o; p" w- K6 k2 x+ \
1988 $155 $252 2.9% Fed raised rates
- P# C! N7 F, F n* C; f/ C1989 $153 $255 2.7% S&L Crisis, Bush 41 budget! c( g |" _$ g% V
1990 $221 $376 3.7% Desert Storm2 l4 N2 `# ~7 g; N
1991 $269 $432 4.3% Recession
1 w% }0 u) g4 ]0 i7 S/ A. X1992 $290 $399 4.4% Expansion0 m; ]% V H* D/ E4 v/ C
1993 $255 $347 3.7% Clinton signed Budget Act
0 M8 T9 E' R0 z8 Z1994 $203 $281 2.8% Clinton budget
* a3 \* Q3 t% ?5 P) P$ y* _1995 $164 $281 2.1% Expansion
- a$ l; o8 P2 T1996 $107 $251 1.3% Welfare reform+ C- h4 Z/ b& [
1997 $22 $188 0.3% Expansion
3 p. A* @( j, t7 v2 j( D5 O1998 ($69) $113 (0.8%) LTCM crisis, recession0 C V( o. L$ H% e; U
1999 ($126) $130 (1.3%) Glass-Steagall repealed
4 n+ p! i* ^0 I$ x; ~$ R2000 ($236) $18 (2.3%) Surplus
- a' x6 w. s4 r) y/ o! L) l2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
0 L- M/ u. s" S M$ s) }+ n, R2002 $158 $421 1.4% War on Terror
) `8 G4 U% M! [- u3 F( M" T n, c5 w2003 $378 $555 3.3% JGTRRA
& Q8 P1 t& R/ ~$ |- }. ]2 x% a6 Q2004 $413 $596 3.4% Iraq War
* }0 M4 m! z- P; g6 n8 b2005 $318 $554 2.4% Katrina, Bankruptcy Act6 D% y5 J8 _8 G" [ j8 p1 A! J
2006 $248 $578 1.8% Bernanke chairs Fed9 e. z9 K0 b$ H4 r! k) k/ @7 J
2007 $161 $501 1.1% Bank crisis
. q' G# B& N! K& p8 ?, U2008 $459 $1,017 3.1% Bank bailout, QE
" g; Y. n; t. b3 ~% ]- R( W2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B, T0 f1 R( ?( X
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
) c: L5 h( h8 c" C3 r( G3 j2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
) B2 Q/ p0 E* \+ H2012 $1,087 $1,276 6.7% Fiscal cliff
6 L, Z% x* d0 t$ T* Y2013 $679 $672 4.0% Sequester, government shutdown, ?$ W( R% X3 e4 a
2014 $485 $1,086 2.7% Debt ceiling" J, S& P% k5 f' J
2015 $438 $327 2.4% Defense = $736.4B i" J8 W# u6 p# ^
2016 $585 $1,423 3.1% Defense = $767.6B
5 b2 Z1 B1 J ]* \" J5 \2017 $665 $672 3.4% Defense = $817.9B0 L. ~3 _4 I- D6 Y! n; {2 B
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
9 R l q6 n0 z7 b2019 $1,091 $1,314 NA Defense = $956.5B
3 g, I* y' ]7 z5 I1 o2020 $1,101 $1,281 NA Defense = $989B. Z7 P2 k% u" @/ C. n0 G
2021 $1,068 $1,276 NA NA
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