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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 1 S% u& I; D# z6 a$ s
6 H6 s2 R* u5 B+ v2020财年美国预算赤字预计为1.1万亿美元
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; @) ? S2 h' e2 f$ uThe 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. B8 ?4 M f* c$ V* o. J" l2 R
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/ [" {- {$ E1 D" [. D& ^( V2 h. N
: n/ n5 S5 P6 c+ ?4 NFiscal Year Deficit (in billions) Debt Deficit/GDP Events: j. l# F% D$ T
1929 ($1) ($1) (0.7%) Market crash$ K% z$ O) S6 ^ u$ s& y
1930 ($1) ($1) (0.8%) Smoot-Hawley% l' \9 v' m! R) {* A6 C
1931 $0 $1 0.6% Dust Bowl
8 t3 l: T* P: u# h' Y) ?# u1932 $3 $3 4.5% Hoover tax hike& C3 F( N R( q2 P$ w( G% E! j
1933 $3 $3 4.5% FDR New Deal) j3 i+ s4 [) ]& P) `8 W
1934 $4 $5 5.4% GDP up 10.8%, debt also rose3 y& u& E' z3 j' F0 V% ~1 y" s
1935 $3 $2 3.8% Social Security
# Z% v7 P3 ]9 Q& J/ ?, e0 U/ p1936 $4 $5 5.1% Tax hikes
( V) p/ T2 ]% H- U1937 $2 $3 2.4% Depression returned, third New Deal2 ^9 i" m! Z- ^0 U# ~9 O
1938 $0 $1 0.1% Dust Bowl ended
( H% Q1 j0 O: {7 |1939 $3 $3 3.0% Depression ended
, {8 H! O( r* s, s+ `1940 $3 $3 2.8% Defense increased
6 D& v" ?5 D% P/ I/ B5 ~6 y1941 $5 $6 3.8% Pearl Harbor4 O- o3 H4 K, S8 t: s8 D/ Q
1942 $21 $23 12.3% Battle of Midway- d# R0 |4 ` ?
1943 $55 $64 26.9% Defense tripled$ M# ?+ Q2 a* C( q, ^2 u
1944 $48 $64 21.2% Bretton Woods
4 y* U5 @8 A/ t1 G4 f7 z1945 $48 $58 20.0% WWII ended
" H0 }9 o+ z, ^8 `( s1946 $16 $11 7.0% Recession
; R! _2 a j, W( ?9 D' N0 ^+ ]1947 ($4) ($11) (1.6%) Cold War9 R; M- H( B: c* p& o% O
1948 ($12) ($6) (4.2%) Recession
# J* T6 o4 D$ }4 \1949 ($1) $0 (0.2%) Recession
* ^8 \ Y- P6 U/ n% k5 u/ H5 A' D1950 $3 $5 1.0% Korean War, x/ a0 ]9 w8 Q9 P I
1951 ($6) ($2) (1.7%) Expansion! e8 m2 v8 g% \
1952 $2 $4 0.4% Expansion
+ A1 B) c5 @4 T7 e. p7 |% E; t' |: H1953 $6 $7 1.7% Korean War ended, recession
* f. m( w* t. n: {& f, s1954 $1 $5 0.3% Recession, Eisenhower budgets' X/ `, y6 `. I" \9 ^
1955 $3 $3 0.7% Expansion
" X: }5 b# f: [% C1956 ($4) ($2) (0.9%) Expansion' O: \3 M9 `6 {0 m( m; W
1957 ($3) ($2) (0.7%) Recession
. S( T1 r: _" s( T3 o4 k3 r1958 $3 $6 0.6% Recession ended) w6 U- X% L! S: b- Q- Y# h' U0 p/ Z
1959 $13 $8 2.4% Fed raised rates- G, u% A; m4 E) r
1960 $0 $2 (0.1%) Recession1 h3 M* @ k/ b8 s$ d
1961 $3 $3 0.6% JFK & Bay of Pigs0 x W6 k6 v2 N$ ~
1962 $7 $10 1.2% Cuban Missile Crisis, d2 O& A+ q) _* N- Q. D
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed" V/ `8 ?- d' c8 T' a
1964 $6 $6 0.9% LBJ War on Poverty
. y" _6 N0 D1 V. L+ k1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
' M6 {( C$ @+ e# J1966 $4 $3 0.5% . [' ? [! E0 }& g* @0 i
1967 $9 $6 1.0% Expansion
% L7 G6 o" s T) N1 h0 p1968 $25 $21 2.6% Moon landing/ q9 S7 G& k- x& B. g
1969 ($3) $6 (0.3%) Nixon took office4 W9 m6 V4 h- q5 ]; l
1970 $3 $17 0.3% Recession
% d- K% B4 ?% Y$ _4 j6 p1971 $23 $27 2.0% Wage-price controls
8 F3 z S* v, V$ H7 v, V) ]1972 $23 $29 1.8% Stagflation, p' C8 \- U4 B/ D
1973 $15 $31 1.0% End of gold standard3 L2 X+ @: H9 F( V; a3 b/ j! x
1974 $6 $17 0.4% Budget process created, Watergate3 D1 ] t3 l0 u+ W# a
1975 $53 $58 3.1% Ford budget, Vietnam War ended
! M8 ]* f+ ]0 T. U4 b' D1976 $74 $87 3.9% Stagflation
* Z, a: Y: e, \1977 $54 $78 2.5% Stagflation
* \+ q1 ]/ A& ?4 H& r' U" b' p0 u1978 $59 $73 2.5% Carter budget, Recession
6 \$ w/ q0 @+ u+ J# q+ y1979 $41 $55 1.5% Recession) _* d) h7 ~! \% n3 D0 v
1980 $74 $81 2.6% Volcker raised rates to 20%1 y# C/ P( |: f [9 U8 O/ y
1981 $79 $90 2.4% Reagan tax cut+ @1 p R0 ~, Q; }1 k5 k
1982 $128 $144 3.8% Reagan increased spending2 Q7 y4 w c' ^! Q
1983 $208 $235 5.6% Jobless rate was 10.8%
& w5 v9 Y- I9 h. J1984 $185 $195 4.5% Increased defense spending
- ^3 l- T! J6 W) w o$ B1 _) `* a& S1985 $212 $256 4.8% Increased defense spending
, J$ _6 k2 T8 R& T& F! x1986 $221 $297 4.8% Tax cut
" @& p3 S* j5 @1987 $150 $225 3.1% Market crash& H) n3 U& ?: g6 p& f# l; _
1988 $155 $252 2.9% Fed raised rates1 ~0 {; \) M' x7 E
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
, p* s/ d# \6 o2 j! }- B* m; n$ p4 h1990 $221 $376 3.7% Desert Storm
# Z; y+ W/ H$ o1991 $269 $432 4.3% Recession4 `$ e$ n; l! m) O
1992 $290 $399 4.4% Expansion! {" r) r) l" C
1993 $255 $347 3.7% Clinton signed Budget Act. i# F1 N6 u* M3 ?
1994 $203 $281 2.8% Clinton budget
- ?; y8 E1 Y: k) F! ]- J! D1995 $164 $281 2.1% Expansion. r. J4 c% o @. ]$ }
1996 $107 $251 1.3% Welfare reform
7 l' w. G2 ]0 A1997 $22 $188 0.3% Expansion* N7 J1 s P$ N( r" h9 J
1998 ($69) $113 (0.8%) LTCM crisis, recession3 f$ C' f9 g7 |
1999 ($126) $130 (1.3%) Glass-Steagall repealed, t+ Y* t/ G- W1 H: R7 t9 k& S
2000 ($236) $18 (2.3%) Surplus
. s5 e2 |/ r! N% |0 `2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA& K) O5 l# E' W1 B/ D- @
2002 $158 $421 1.4% War on Terror8 A- ? a; `/ E
2003 $378 $555 3.3% JGTRRA
$ L$ t3 T- S5 Y v4 h2004 $413 $596 3.4% Iraq War) S: E8 |4 b! x% K% l& ~, ]8 V! p- F
2005 $318 $554 2.4% Katrina, Bankruptcy Act
, ^0 a2 m8 o, @, O& L( \6 v2006 $248 $578 1.8% Bernanke chairs Fed
& f2 r- D7 h' k" h+ w. t) k0 u+ I2007 $161 $501 1.1% Bank crisis
7 V% @1 k9 J U/ g6 T9 X2 }2008 $459 $1,017 3.1% Bank bailout, QE; v$ a- N4 e+ |, S
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B7 @$ S2 v3 S* t# d, Q6 c
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
2 t( A% E4 q( d6 s6 {2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue0 ^, P+ G: A' F7 `! g: h6 H
2012 $1,087 $1,276 6.7% Fiscal cliff
' O+ ? x- W8 ?! X9 ^2013 $679 $672 4.0% Sequester, government shutdown
- q- d) ^8 q* f2014 $485 $1,086 2.7% Debt ceiling: V$ [( z+ o" R4 M l+ E' G
2015 $438 $327 2.4% Defense = $736.4B
# l; ~1 V7 A4 r1 o2016 $585 $1,423 3.1% Defense = $767.6B A$ p7 n9 Z" }* J
2017 $665 $672 3.4% Defense = $817.9B
3 t0 K+ @3 Y. G/ d2 @3 B# H2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
: q# q; z4 i& T- G2019 $1,091 $1,314 NA Defense = $956.5B3 Z7 H& j* b o% [* V
2020 $1,101 $1,281 NA Defense = $989B$ F3 i7 e: K. _( l
2021 $1,068 $1,276 NA NA4 F$ k+ x: I, v; v
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