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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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1 f+ K: g: O n: |2020财年美国预算赤字预计为1.1万亿美元
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' Q8 q. F4 x' W- B% f; w4 fThe 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.2 J, m1 d3 T6 A* Q
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* t1 |) @9 w; z+ X. _
! O; L' Q7 i; `9 m2 X3 Z2 U4 }Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
8 ?% Q [/ P r2 e' N1929 ($1) ($1) (0.7%) Market crash% M- z [- O9 w9 o3 q
1930 ($1) ($1) (0.8%) Smoot-Hawley
1 Y- z8 c9 Z6 F. ]& G1931 $0 $1 0.6% Dust Bowl
, L+ v0 b( i' \) \1932 $3 $3 4.5% Hoover tax hike: l& p/ r0 p3 q$ ]
1933 $3 $3 4.5% FDR New Deal
) y4 _4 q' M( Z ^5 l5 e: M0 J1934 $4 $5 5.4% GDP up 10.8%, debt also rose/ _8 q& ~8 S" {" r J, A; S
1935 $3 $2 3.8% Social Security3 C) G# G1 F# @
1936 $4 $5 5.1% Tax hikes
6 m8 \* R0 P* P0 b( S8 H1937 $2 $3 2.4% Depression returned, third New Deal
3 M& ]6 U3 s3 o: Q- K% A7 s9 r1938 $0 $1 0.1% Dust Bowl ended( V) I0 i0 j/ y" V( i9 Q; e0 b
1939 $3 $3 3.0% Depression ended1 c; V1 J& k$ j9 u; p
1940 $3 $3 2.8% Defense increased
9 V: ?, x1 a4 s, z! ?$ i2 F: f1941 $5 $6 3.8% Pearl Harbor
4 O" m9 j: j: [: Y1942 $21 $23 12.3% Battle of Midway. K9 D2 m0 J2 z# S6 }
1943 $55 $64 26.9% Defense tripled% i7 X Y8 Q2 F
1944 $48 $64 21.2% Bretton Woods
# }0 K! y* t ^3 \1 j; F- k1945 $48 $58 20.0% WWII ended
- R% V. z" p3 a1946 $16 $11 7.0% Recession
: P. V! [8 Y6 p% G+ P6 U: s1 }/ H1947 ($4) ($11) (1.6%) Cold War
+ w4 u$ k0 U; j1948 ($12) ($6) (4.2%) Recession
0 n$ K0 R9 b4 f# }+ z k1949 ($1) $0 (0.2%) Recession
. ^4 P9 l4 J# I5 U1950 $3 $5 1.0% Korean War
+ Q6 q2 r8 ` P& g9 h# c4 K9 t' l9 |1951 ($6) ($2) (1.7%) Expansion
0 |) k0 R7 A5 i! H3 R( ^1952 $2 $4 0.4% Expansion! m1 A( D* l8 ^1 k/ q6 E# d
1953 $6 $7 1.7% Korean War ended, recession# b* _0 Y, w( e8 A0 C
1954 $1 $5 0.3% Recession, Eisenhower budgets. Y0 F7 I1 A/ l q" \
1955 $3 $3 0.7% Expansion* j3 a" J8 M3 i) K6 Y+ c
1956 ($4) ($2) (0.9%) Expansion' h- a. X3 g [8 s( g
1957 ($3) ($2) (0.7%) Recession
% u' _# `0 s& D$ `1958 $3 $6 0.6% Recession ended6 Z5 U8 l. Z! @5 u7 O
1959 $13 $8 2.4% Fed raised rates
, C' P5 u! p/ F# J i# p3 Y1960 $0 $2 (0.1%) Recession
2 O# ~5 ^& [5 x: c" I1961 $3 $3 0.6% JFK & Bay of Pigs
$ z* Q+ t i, o; B6 ?2 W4 X: w8 C- s1962 $7 $10 1.2% Cuban Missile Crisis0 a% _2 _; C* _; Z' J% }' O4 V6 X
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed1 O4 D8 _# g5 j( Q7 @+ h
1964 $6 $6 0.9% LBJ War on Poverty
* r6 B! v- z: T k- ?' z) y _1 p1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
8 B4 X' r5 L& _/ X% w1966 $4 $3 0.5%
3 R. E5 C5 s" w8 ]" `1967 $9 $6 1.0% Expansion
+ u& r& `8 e. V4 Z% g2 y+ n1968 $25 $21 2.6% Moon landing
$ c, t; |% s7 c |1969 ($3) $6 (0.3%) Nixon took office
% x [9 A4 a/ X6 o0 [1970 $3 $17 0.3% Recession
! O/ N: Y1 n+ [' @1971 $23 $27 2.0% Wage-price controls
' P; @* g' T6 K$ e$ L* t1972 $23 $29 1.8% Stagflation3 f; ?& m" A$ v5 {# ?
1973 $15 $31 1.0% End of gold standard
* V4 C; h+ A3 z# y( Y1974 $6 $17 0.4% Budget process created, Watergate0 e3 Y3 U7 `0 C" H v% Q' M/ K
1975 $53 $58 3.1% Ford budget, Vietnam War ended
o ?4 k9 z& F8 @. C, g7 X4 t1976 $74 $87 3.9% Stagflation
, `6 z& K& i$ X, K" n ~. \1977 $54 $78 2.5% Stagflation7 q9 S! A. `' a% @1 E
1978 $59 $73 2.5% Carter budget, Recession5 u! z$ I/ k0 \ `4 b
1979 $41 $55 1.5% Recession* a' l: ~' M6 C
1980 $74 $81 2.6% Volcker raised rates to 20%
$ g5 O3 X3 r) [" A1981 $79 $90 2.4% Reagan tax cut/ Y% {' o4 S% v$ q% N! q
1982 $128 $144 3.8% Reagan increased spending5 }+ A, k( h& }& n8 S
1983 $208 $235 5.6% Jobless rate was 10.8%4 {, j: _" W5 Q- V7 ~; I
1984 $185 $195 4.5% Increased defense spending
; W) }( i% S6 m0 C) ]1985 $212 $256 4.8% Increased defense spending
9 [- |4 r' M/ h1986 $221 $297 4.8% Tax cut
7 v* \" @1 h4 z4 L" {% ]1987 $150 $225 3.1% Market crash2 _1 X& ^1 _0 E' P4 Y
1988 $155 $252 2.9% Fed raised rates* K* p! [9 @; Y7 }# N7 ~" t
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
7 z5 `9 t# i9 w, ?0 g9 g8 m1990 $221 $376 3.7% Desert Storm1 F6 _) V0 A1 N, W: C) I
1991 $269 $432 4.3% Recession
X* @, [6 P+ X8 y7 ~- |1992 $290 $399 4.4% Expansion
4 M9 q% E* a- E% F0 E( O* q1993 $255 $347 3.7% Clinton signed Budget Act
: n: O& ~. e/ T, q6 K1994 $203 $281 2.8% Clinton budget
; z$ `% O# h A3 ~ K. g% C# N+ m* p1995 $164 $281 2.1% Expansion! V* `3 b6 \' T4 R% \& Q; m
1996 $107 $251 1.3% Welfare reform
8 V# P+ \$ p: j8 r, e1997 $22 $188 0.3% Expansion8 c5 b* v; n% g8 c |; W' V: t/ G" b
1998 ($69) $113 (0.8%) LTCM crisis, recession
0 l- n% s' `' N7 O" v! E2 M1999 ($126) $130 (1.3%) Glass-Steagall repealed
8 {; N0 {! s. \5 o# }: Y2000 ($236) $18 (2.3%) Surplus9 t4 a- p9 j" G( {7 |: K
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
9 B5 i, d* k8 H$ a2002 $158 $421 1.4% War on Terror9 O2 L# m0 C+ q
2003 $378 $555 3.3% JGTRRA# O# p& d8 H. I8 p9 z
2004 $413 $596 3.4% Iraq War
) F; F( c7 h; `( e2005 $318 $554 2.4% Katrina, Bankruptcy Act8 D6 M. ~; A* n: k5 L2 t# _4 \
2006 $248 $578 1.8% Bernanke chairs Fed# H; X' E& I0 n9 T7 w
2007 $161 $501 1.1% Bank crisis
, G! e; G% {' W8 S+ k2008 $459 $1,017 3.1% Bank bailout, QE
3 Y( F/ N) W U# e6 N* S2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B* m: u& e2 }/ ~) S+ @
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
' T+ O" X9 p3 k/ a. s% r; ?2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
, B1 [" |! ]# S9 I( e2012 $1,087 $1,276 6.7% Fiscal cliff
1 M$ s, g2 e$ L6 l5 ^# X" ?- D2013 $679 $672 4.0% Sequester, government shutdown0 T* E6 Z7 u: N% ~
2014 $485 $1,086 2.7% Debt ceiling
$ B4 t- |* f3 n _/ X# P2015 $438 $327 2.4% Defense = $736.4B6 g* }8 Q/ w7 J+ h% e
2016 $585 $1,423 3.1% Defense = $767.6B7 w4 Q! `# k7 F# S
2017 $665 $672 3.4% Defense = $817.9B
$ c7 I5 ?- b) h( G2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
; m" N2 \- O4 p" O2019 $1,091 $1,314 NA Defense = $956.5B
+ l; I9 R/ z2 g! K7 {. o1 N3 U: H2020 $1,101 $1,281 NA Defense = $989B
! @. o* D0 p+ [- u& i# N2021 $1,068 $1,276 NA NA( p8 T5 a# `# [# F. V1 |
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