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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. / O" G) g! e& I' H' u# k' e
1 }: y0 Q0 y# ~' B7 y% {2020财年美国预算赤字预计为1.1万亿美元2 T5 Q1 v# {' a: q6 ~! F
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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.8 g( c7 H) k! x% A3 A, b
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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7 F& a: w! L! pFiscal Year Deficit (in billions) Debt Deficit/GDP Events
* T3 n# C+ b' e* N" Y: k" @1929 ($1) ($1) (0.7%) Market crash1 k) R7 k' M% G
1930 ($1) ($1) (0.8%) Smoot-Hawley8 Z, q: G8 p, p! t0 K" u
1931 $0 $1 0.6% Dust Bowl
- @6 S7 Q+ o: T2 A3 |' q$ U2 B1 w1932 $3 $3 4.5% Hoover tax hike ~" l. t1 E! @' L
1933 $3 $3 4.5% FDR New Deal
, Q, M4 I4 Y. O, G& C; m' q. C X9 v1934 $4 $5 5.4% GDP up 10.8%, debt also rose
& y8 X4 U7 N0 N% ~1935 $3 $2 3.8% Social Security- _1 ]0 }8 A1 v" r) { z, z; t
1936 $4 $5 5.1% Tax hikes( d8 ~+ f% e+ d' B2 J
1937 $2 $3 2.4% Depression returned, third New Deal
3 R8 @. b$ ^: n, [* B1938 $0 $1 0.1% Dust Bowl ended4 x. U0 O- r6 ^4 l5 y
1939 $3 $3 3.0% Depression ended
% u' [- v/ C' V1940 $3 $3 2.8% Defense increased
/ ^; k4 h: G, q7 c1941 $5 $6 3.8% Pearl Harbor5 B( e7 O8 Q: r7 F2 @
1942 $21 $23 12.3% Battle of Midway
4 h* D# g0 T1 y) [1943 $55 $64 26.9% Defense tripled/ V' Z& h' ~. y4 b
1944 $48 $64 21.2% Bretton Woods" L5 K3 t6 M& e# C! N$ ]# ]
1945 $48 $58 20.0% WWII ended
# `+ L" _" v1 w, q9 c" R6 }1946 $16 $11 7.0% Recession
* H0 }: z' A+ t1947 ($4) ($11) (1.6%) Cold War* F; F) B% {" S3 \" [
1948 ($12) ($6) (4.2%) Recession
( _$ a% C' I/ |% s3 U% q1949 ($1) $0 (0.2%) Recession" G, o2 M0 n. I8 F' k) g0 G; @
1950 $3 $5 1.0% Korean War7 b9 P; X- h5 H8 f" M% H" _7 ^* H
1951 ($6) ($2) (1.7%) Expansion( V6 ?6 G* C: Q2 [$ s9 p
1952 $2 $4 0.4% Expansion
& X: T6 t, Y9 F& @1953 $6 $7 1.7% Korean War ended, recession6 F, L; _0 W, ?, { \3 B
1954 $1 $5 0.3% Recession, Eisenhower budgets
3 q5 I- f5 i3 f5 D; T7 c1955 $3 $3 0.7% Expansion
7 K) R# P) d' P; @$ k* C' f7 e1956 ($4) ($2) (0.9%) Expansion
8 M- K! ^* v0 \3 x z8 G* d1 |8 s1957 ($3) ($2) (0.7%) Recession
3 e) V3 j& J+ g1958 $3 $6 0.6% Recession ended3 B2 D E4 `4 I# h
1959 $13 $8 2.4% Fed raised rates
% Z+ r3 f% B. q. W L1960 $0 $2 (0.1%) Recession- j$ e# ]. t% N- K* _8 p7 j
1961 $3 $3 0.6% JFK & Bay of Pigs
1 D3 H. Q4 s' i" Q2 V/ G1962 $7 $10 1.2% Cuban Missile Crisis5 z N: q! o* W. ?
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
3 _; }( e- u! i4 A& R: m# v" k" A% f1964 $6 $6 0.9% LBJ War on Poverty& T# h- k* p1 e4 B" [/ P+ ]
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
' J' r0 {. ~, K! }6 h4 c1966 $4 $3 0.5%
) S% \& q. R2 U. p$ j" o1967 $9 $6 1.0% Expansion7 d$ n5 J! B B% q# h& ?
1968 $25 $21 2.6% Moon landing
, y0 e6 R k/ |6 v/ q9 W1969 ($3) $6 (0.3%) Nixon took office3 u0 y3 n5 \) r5 v( ^
1970 $3 $17 0.3% Recession
2 V- `1 z& O8 g6 G8 O- B( @1971 $23 $27 2.0% Wage-price controls
- m. M$ }* B0 V1972 $23 $29 1.8% Stagflation2 x& U2 ~! @- b, W5 C
1973 $15 $31 1.0% End of gold standard7 i8 _" n3 ?" W+ X4 S/ G1 G. O
1974 $6 $17 0.4% Budget process created, Watergate: _: A* v! n a A
1975 $53 $58 3.1% Ford budget, Vietnam War ended0 @& J" l* F7 e% P1 u, f
1976 $74 $87 3.9% Stagflation
) W' l+ E2 j7 y* x% D& F1977 $54 $78 2.5% Stagflation: g# Y* q7 N3 ]6 I7 t' u
1978 $59 $73 2.5% Carter budget, Recession
/ K1 j0 D3 U4 Q; h7 I, I1 J4 m1979 $41 $55 1.5% Recession
7 M. l9 w$ K7 n# N1980 $74 $81 2.6% Volcker raised rates to 20%
`* [4 L- }% b( O2 H0 h4 ]1981 $79 $90 2.4% Reagan tax cut
, Q" U: q9 A3 a. X, N1982 $128 $144 3.8% Reagan increased spending
; \, ?1 M3 u0 F( J; Q7 u$ q1983 $208 $235 5.6% Jobless rate was 10.8%
7 ], b6 [/ ?, N) r* a) l# Z1984 $185 $195 4.5% Increased defense spending; x3 ^: K7 W% C% m
1985 $212 $256 4.8% Increased defense spending
2 \3 p. T- L7 _) r& ^' k1986 $221 $297 4.8% Tax cut0 c8 V, f4 k- S7 J
1987 $150 $225 3.1% Market crash9 x# R! O, \3 }" M% I; O+ f
1988 $155 $252 2.9% Fed raised rates
% j" u8 C/ N& `& V8 s3 k1989 $153 $255 2.7% S&L Crisis, Bush 41 budget& \: d4 s5 z$ l( o
1990 $221 $376 3.7% Desert Storm% U/ }( j* S! k5 q2 h
1991 $269 $432 4.3% Recession
/ u/ _+ b0 U* I# i/ @* T8 A, s! _1992 $290 $399 4.4% Expansion
* n: p) q2 p! x7 y1993 $255 $347 3.7% Clinton signed Budget Act) y. B+ l/ r* {
1994 $203 $281 2.8% Clinton budget- ^5 d+ r9 q8 ~. g3 d9 L6 I; y
1995 $164 $281 2.1% Expansion
. f+ @# s3 x; R& ~; G# X1996 $107 $251 1.3% Welfare reform
. [; c9 n+ F5 `) a1997 $22 $188 0.3% Expansion. {0 F7 S/ {3 y0 r+ H# S e8 Y
1998 ($69) $113 (0.8%) LTCM crisis, recession
9 J; L, K. b! e* T' o- A1999 ($126) $130 (1.3%) Glass-Steagall repealed
( G) p) h. e# G' l _2 j( D4 ^, k2000 ($236) $18 (2.3%) Surplus
. A1 n1 j& v t# e5 u6 U2 c2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
: M9 g" X) u; n; ~- i \' b5 J! V% X2002 $158 $421 1.4% War on Terror
# T a3 D$ G( l& N2003 $378 $555 3.3% JGTRRA) V5 ^/ R# H' h7 @# d0 L' s
2004 $413 $596 3.4% Iraq War X/ _) T: y; ?' c
2005 $318 $554 2.4% Katrina, Bankruptcy Act( ^8 `" |) @( r$ m# T. f0 ?
2006 $248 $578 1.8% Bernanke chairs Fed# w" z& D# R l& b# l/ r# o
2007 $161 $501 1.1% Bank crisis5 b4 Y: f& e% {8 x1 ~$ }
2008 $459 $1,017 3.1% Bank bailout, QE
! J5 H; W) |+ R1 L0 k, J( F M* J2 e2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
; K1 l* l* L3 a% f2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles1 j2 n0 p5 d4 t$ P a
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
# j, u. N+ M6 ^, q$ `4 s2012 $1,087 $1,276 6.7% Fiscal cliff
, k% Y8 O$ U4 U# F2013 $679 $672 4.0% Sequester, government shutdown
% Y+ C; Q* `! s8 Z; u2 R2014 $485 $1,086 2.7% Debt ceiling# j5 W2 f! A# b8 w" e! y* T
2015 $438 $327 2.4% Defense = $736.4B
: n* Q q* ?# ^' G2016 $585 $1,423 3.1% Defense = $767.6B+ ~9 [* u" n( w7 `' O
2017 $665 $672 3.4% Defense = $817.9B
7 R6 I1 `5 l6 t8 I o2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
( A2 Y. {: m% [9 I% s2019 $1,091 $1,314 NA Defense = $956.5B% B) n( _; ?( w$ f% T* g( u
2020 $1,101 $1,281 NA Defense = $989B
* U5 T, Z# ^8 f" | N2021 $1,068 $1,276 NA NA
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