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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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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.
4 ] J. P7 P' l6 ?6 Y7 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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{' Q3 @8 ]: C; D( _Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
/ u7 }5 Z, c9 S( ?8 n1929 ($1) ($1) (0.7%) Market crash
3 [3 G: N( `* [1930 ($1) ($1) (0.8%) Smoot-Hawley
( w( x5 O8 m, ~/ [* p9 ]' W1931 $0 $1 0.6% Dust Bowl
/ |0 ^+ ] ?0 V1932 $3 $3 4.5% Hoover tax hike
7 T" `$ |: J, [; d6 v1933 $3 $3 4.5% FDR New Deal
: \) K9 W5 Z4 X) t1934 $4 $5 5.4% GDP up 10.8%, debt also rose. o, v9 [& w# G& u/ C: m
1935 $3 $2 3.8% Social Security
5 L, n5 b5 G" Y" ~# ~# G1936 $4 $5 5.1% Tax hikes
7 ?% f# d# c5 X, d1937 $2 $3 2.4% Depression returned, third New Deal4 N8 `% P$ u7 F% ?3 _6 [
1938 $0 $1 0.1% Dust Bowl ended/ [6 h! ]7 U `! \7 H: ]
1939 $3 $3 3.0% Depression ended
; a8 w2 j) c7 U2 o1940 $3 $3 2.8% Defense increased
c- b% o, S( X4 P: K1941 $5 $6 3.8% Pearl Harbor
9 B; l$ i; `! r+ ]1942 $21 $23 12.3% Battle of Midway' `! q l" d$ a* s
1943 $55 $64 26.9% Defense tripled* ^* G0 j8 I9 ^3 Y( b
1944 $48 $64 21.2% Bretton Woods( r) F9 m% C2 N6 [( Y+ ^
1945 $48 $58 20.0% WWII ended
2 J& q$ {( G- w5 k5 f9 }/ N* `1946 $16 $11 7.0% Recession
2 Y3 F$ s3 [( M: G& p1947 ($4) ($11) (1.6%) Cold War& s% {; n E+ R& L. [
1948 ($12) ($6) (4.2%) Recession# S$ @! _$ q: G6 p" Y2 m3 ^
1949 ($1) $0 (0.2%) Recession" d; F6 t# l- P. k+ B4 R i
1950 $3 $5 1.0% Korean War
8 R0 W6 }( e, h9 B5 E1951 ($6) ($2) (1.7%) Expansion' z- k3 l$ V: `
1952 $2 $4 0.4% Expansion
0 a, P" X) H5 h4 x6 B( d' j6 k1953 $6 $7 1.7% Korean War ended, recession
6 Y; D [: }6 c$ P/ Y1954 $1 $5 0.3% Recession, Eisenhower budgets5 P; Q7 O: B8 U R% d7 u: f; V
1955 $3 $3 0.7% Expansion
, g, s" }3 g$ ]6 ]" b. l1956 ($4) ($2) (0.9%) Expansion
3 C+ _, E4 ]. s1 K4 s1957 ($3) ($2) (0.7%) Recession
7 p% H% V+ v t1958 $3 $6 0.6% Recession ended
- ?) B* I4 J$ d. `1959 $13 $8 2.4% Fed raised rates
9 i; R0 e7 a2 [1960 $0 $2 (0.1%) Recession
" H3 N/ b, B2 L/ T2 p1961 $3 $3 0.6% JFK & Bay of Pigs
9 V* [. {' Q L/ N1962 $7 $10 1.2% Cuban Missile Crisis6 O) e" h: W3 g# O/ {
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
' t( Z1 P. f) a& ] q& k8 \6 _1964 $6 $6 0.9% LBJ War on Poverty
- Q" _- Y! @! e& F9 Q8 @1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
9 d- v& p5 j5 f& u* f; ]1966 $4 $3 0.5%
4 D/ u) j. x1 N3 g9 Y1 x! t% C& V1967 $9 $6 1.0% Expansion! ?% y' T6 A: w
1968 $25 $21 2.6% Moon landing% P, U! [& r) e# m
1969 ($3) $6 (0.3%) Nixon took office& i% W; S; C2 l c( Z
1970 $3 $17 0.3% Recession
. K' Q0 X; x- |7 H( y+ H S1971 $23 $27 2.0% Wage-price controls3 Z! A8 O7 H5 y( M% s
1972 $23 $29 1.8% Stagflation J* ~; m( c/ l( }2 c6 }! r
1973 $15 $31 1.0% End of gold standard, Z7 x# G+ W/ o* @6 q& \# B7 C8 G( S
1974 $6 $17 0.4% Budget process created, Watergate
* \7 b2 Y9 B+ n' U S1975 $53 $58 3.1% Ford budget, Vietnam War ended
0 N1 V1 \ ^0 ]1 c0 u* ~/ y1976 $74 $87 3.9% Stagflation
A$ y) z; g. u( c4 Q1 P' g1977 $54 $78 2.5% Stagflation# s6 V# y; W( q2 V
1978 $59 $73 2.5% Carter budget, Recession! Z B* J2 W) o/ P, p% N- E: g* a; F
1979 $41 $55 1.5% Recession+ d5 t! H% w9 z& Y5 k: u, H
1980 $74 $81 2.6% Volcker raised rates to 20%
2 ?6 p1 w: D) w( T0 ^( S- |( A1981 $79 $90 2.4% Reagan tax cut
# u( @+ ]. ^$ U6 z7 Q8 {6 H9 d1982 $128 $144 3.8% Reagan increased spending& N/ i. X; @& n
1983 $208 $235 5.6% Jobless rate was 10.8%$ L+ G" p0 X D( X$ P; e- ~/ A
1984 $185 $195 4.5% Increased defense spending8 H5 e& P& H; ]2 S' ~
1985 $212 $256 4.8% Increased defense spending
. Y1 V* Y1 W% Z0 S9 G# h3 _5 J; {1986 $221 $297 4.8% Tax cut. G7 W$ O; T& g. Z
1987 $150 $225 3.1% Market crash. ]( F# L( ?6 n: g) e% g
1988 $155 $252 2.9% Fed raised rates
2 |6 w" q- c/ I+ j1989 $153 $255 2.7% S&L Crisis, Bush 41 budget5 ]# k# r/ E$ w$ ^& ]$ @
1990 $221 $376 3.7% Desert Storm. P r4 [& @9 N2 ], o- P$ T
1991 $269 $432 4.3% Recession
: P8 S9 C& l7 V3 C1992 $290 $399 4.4% Expansion& [% x4 H: A5 J
1993 $255 $347 3.7% Clinton signed Budget Act
, T, @3 Z; B$ h a! @1994 $203 $281 2.8% Clinton budget! @1 h1 O* @" [8 K8 {/ k4 D: `
1995 $164 $281 2.1% Expansion$ ?% ?4 q+ ~0 C
1996 $107 $251 1.3% Welfare reform
3 t H% x, |0 I1997 $22 $188 0.3% Expansion
$ j8 L% x7 D9 b1998 ($69) $113 (0.8%) LTCM crisis, recession
& T/ l! ~4 m5 n0 U2 j1999 ($126) $130 (1.3%) Glass-Steagall repealed
. @* x1 S z: e9 ?2000 ($236) $18 (2.3%) Surplus
) J8 T1 l+ b4 X) K1 d7 q0 B2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA8 k. z) O. }3 H) u9 X, Z7 |
2002 $158 $421 1.4% War on Terror: _9 }/ \, Q5 ]
2003 $378 $555 3.3% JGTRRA
% p9 n1 z/ Z8 a% ~2004 $413 $596 3.4% Iraq War
- ^, _- F- c {2005 $318 $554 2.4% Katrina, Bankruptcy Act$ I/ K9 d. T6 L' `, m% w6 G4 @4 V- \
2006 $248 $578 1.8% Bernanke chairs Fed
: Q$ d3 X9 n3 R$ n; a2007 $161 $501 1.1% Bank crisis
6 C: K1 P, k. n2008 $459 $1,017 3.1% Bank bailout, QE
; ^1 ]! `1 d+ P6 R" I: i2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
- [5 _0 N* h. y& e, a4 x( g3 y1 U& S, ^2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
; y0 W+ o2 W8 d# s! O' x' Z2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
& S+ W/ @- T/ o& m2012 $1,087 $1,276 6.7% Fiscal cliff
: o6 n' N( _/ h2013 $679 $672 4.0% Sequester, government shutdown" P& I3 V! ^, |8 W3 |/ c
2014 $485 $1,086 2.7% Debt ceiling
# g( |0 e9 U( j) J9 ~2015 $438 $327 2.4% Defense = $736.4B
r5 l5 ? k6 F0 E: n* B9 z, \2016 $585 $1,423 3.1% Defense = $767.6B
7 T9 k4 `+ v U; ^2017 $665 $672 3.4% Defense = $817.9B! Y/ o7 Z y( ?$ i# \1 B
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
0 b9 A) R( m* {8 K2019 $1,091 $1,314 NA Defense = $956.5B4 p0 ^1 X3 O; [. W4 V6 l+ F
2020 $1,101 $1,281 NA Defense = $989B3 ^; c' R$ l1 N p. C
2021 $1,068 $1,276 NA NA
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