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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 7 f2 c+ q& x- ^) Z3 i8 m
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2020财年美国预算赤字预计为1.1万亿美元3 ]* {9 i' q2 F# t* O
+ Y4 |; p) n5 |2 r8 Y2 G! qThe first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.
7 |$ v* q0 S( J& g! _/ h6 s" _ 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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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
, w+ f3 p- y( d0 D. [! m0 @1929 ($1) ($1) (0.7%) Market crash
' |5 I$ X2 O" V0 H1930 ($1) ($1) (0.8%) Smoot-Hawley0 |" Z$ U" n% {
1931 $0 $1 0.6% Dust Bowl
5 l2 }" p* e+ \4 d1932 $3 $3 4.5% Hoover tax hike
2 U7 [0 q2 M1 B7 ~1933 $3 $3 4.5% FDR New Deal
& ?" ~$ n7 _; ]+ c# u6 d1934 $4 $5 5.4% GDP up 10.8%, debt also rose/ L0 _# q! }+ n
1935 $3 $2 3.8% Social Security" k& Y; E% Y& M* ~) Q6 e$ n" L( }
1936 $4 $5 5.1% Tax hikes. y3 \. \& x: O# x: H
1937 $2 $3 2.4% Depression returned, third New Deal
7 m* d- F6 ?' G, |4 j5 U% Q1938 $0 $1 0.1% Dust Bowl ended8 `3 Y1 M: S; v2 x' u
1939 $3 $3 3.0% Depression ended
! _( ^7 B7 f# e( F, u4 V1940 $3 $3 2.8% Defense increased0 {4 A2 L3 C/ ]% z
1941 $5 $6 3.8% Pearl Harbor
+ D' \* e1 w j7 [1942 $21 $23 12.3% Battle of Midway+ |+ B+ P' }( `% w3 m) w
1943 $55 $64 26.9% Defense tripled- k6 o6 o" U, _4 P2 D( U2 x
1944 $48 $64 21.2% Bretton Woods0 {, G- @( j1 _/ n, f/ A
1945 $48 $58 20.0% WWII ended9 E0 [" t& }5 h1 n; N# A
1946 $16 $11 7.0% Recession; U3 f" Q5 {( _* Y* o9 X* ~4 x
1947 ($4) ($11) (1.6%) Cold War* I. c C) Q/ n; u' C0 f* @
1948 ($12) ($6) (4.2%) Recession" P( B8 k1 @5 z5 ?- S# S2 i
1949 ($1) $0 (0.2%) Recession! f# f& X3 o; b
1950 $3 $5 1.0% Korean War
7 q* H# a7 K2 b; v% _1951 ($6) ($2) (1.7%) Expansion7 r4 _! ^8 Z, m4 W' V- I
1952 $2 $4 0.4% Expansion* F9 c N- k! a3 o; m* |6 B+ ?
1953 $6 $7 1.7% Korean War ended, recession5 n) H. B1 @7 u! t" _/ I) ^8 v
1954 $1 $5 0.3% Recession, Eisenhower budgets
* _! c3 A- D& @, v |1955 $3 $3 0.7% Expansion& S2 i8 s# p9 q+ x
1956 ($4) ($2) (0.9%) Expansion5 O& A% E5 d4 C; ?! [9 e$ t6 T
1957 ($3) ($2) (0.7%) Recession
+ g y0 X- @* J; H2 S1958 $3 $6 0.6% Recession ended; z6 d4 W. Q0 g# x# K
1959 $13 $8 2.4% Fed raised rates
" k$ \, g; w3 R2 X: G3 m1960 $0 $2 (0.1%) Recession
$ W8 E" ?8 V/ e; d+ z5 g7 G; u4 P1961 $3 $3 0.6% JFK & Bay of Pigs' D' \( c2 Q: s* B! h
1962 $7 $10 1.2% Cuban Missile Crisis5 D4 I& f) N: `
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed( }8 w: y# U4 V9 v
1964 $6 $6 0.9% LBJ War on Poverty
5 \$ y. o* j6 E! _3 v4 t1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
# @; c5 G8 ?) v+ _$ @1966 $4 $3 0.5%
) H& @3 M9 A4 n; F* K$ g5 r8 V1 e1967 $9 $6 1.0% Expansion
* C9 `) R. B; J2 W2 {1968 $25 $21 2.6% Moon landing- [! v2 V, H4 i9 v/ J
1969 ($3) $6 (0.3%) Nixon took office! B: M* x3 Y0 W- c# Y: U+ M* L7 {
1970 $3 $17 0.3% Recession: n" I. N( P" @8 d8 r* o3 G- l; s
1971 $23 $27 2.0% Wage-price controls
: \" _7 t) Y( l6 k1972 $23 $29 1.8% Stagflation! Z* ~+ a, }( `' S' e1 G
1973 $15 $31 1.0% End of gold standard( X* u) l/ u6 v1 ?
1974 $6 $17 0.4% Budget process created, Watergate9 l" l0 F# q% q1 ?0 a
1975 $53 $58 3.1% Ford budget, Vietnam War ended
) W0 s( O. l* f7 f5 ]' g; W% ?; |1976 $74 $87 3.9% Stagflation: H9 m+ E/ u" g! L$ f7 \& O. e
1977 $54 $78 2.5% Stagflation1 v" t/ o7 O* G4 t
1978 $59 $73 2.5% Carter budget, Recession
& o/ l. x1 C+ ~1979 $41 $55 1.5% Recession: |3 \6 _4 j, N
1980 $74 $81 2.6% Volcker raised rates to 20%
/ f! t6 z( N; n% \6 W" |" ]! ^3 g# e1981 $79 $90 2.4% Reagan tax cut
4 l( [. o0 j: c$ V+ Q6 z1 Y0 z& g1982 $128 $144 3.8% Reagan increased spending* x" c7 g \' g8 `1 a
1983 $208 $235 5.6% Jobless rate was 10.8%8 A3 F, V$ P. @; S U
1984 $185 $195 4.5% Increased defense spending5 |% c& L# R. l/ Y1 v4 g+ e/ w3 t
1985 $212 $256 4.8% Increased defense spending
( ~! b4 `" E0 k- V) ^4 e1986 $221 $297 4.8% Tax cut
3 G( q$ b* J. f* f9 J$ t$ Z K4 J; D9 w1987 $150 $225 3.1% Market crash+ C# a. d; T8 m3 g2 l$ G- A
1988 $155 $252 2.9% Fed raised rates
9 b& \" F7 m/ f2 z0 Z9 {% z7 F) B. l1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
# g0 Y8 H9 f, X* h; C- T2 _6 g1990 $221 $376 3.7% Desert Storm
8 ^/ v& l2 A- u2 B/ [0 b+ H! O1 ]1991 $269 $432 4.3% Recession* n2 B! |! Y4 Q
1992 $290 $399 4.4% Expansion
; l8 K; {: F. x# V2 Y- V1993 $255 $347 3.7% Clinton signed Budget Act
0 y, b2 R4 G9 e7 }3 o+ Q, O$ w' J1994 $203 $281 2.8% Clinton budget
. ^: i$ l7 k8 @ y0 v: Y1995 $164 $281 2.1% Expansion
, L3 H( _; g% k: c; K; x1996 $107 $251 1.3% Welfare reform. T7 g0 E5 r5 E1 h0 j2 k
1997 $22 $188 0.3% Expansion
: P/ \3 p0 e3 _6 A5 j1998 ($69) $113 (0.8%) LTCM crisis, recession
4 p \! [! m$ R( C6 ?1999 ($126) $130 (1.3%) Glass-Steagall repealed! t4 l! J2 q. @4 L, F# l0 n% g$ i
2000 ($236) $18 (2.3%) Surplus( P/ t% K0 K! y/ f* [+ |
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA) H `+ l, B6 m3 ^' ]' h3 e
2002 $158 $421 1.4% War on Terror x2 r6 g* W8 s
2003 $378 $555 3.3% JGTRRA, v# t1 ~+ e' H, t% q2 K
2004 $413 $596 3.4% Iraq War
' S, f& R; G4 Q7 D2005 $318 $554 2.4% Katrina, Bankruptcy Act
( a3 H# e5 I4 ?, S( X9 U2006 $248 $578 1.8% Bernanke chairs Fed% w" ^9 n, H$ L7 N+ W4 k) E' o4 E
2007 $161 $501 1.1% Bank crisis) y. r7 G( a$ J4 \% v
2008 $459 $1,017 3.1% Bank bailout, QE/ O. M, Y' S4 Y7 t5 r: s, S
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
( [# x o4 d9 Q2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
1 u u8 n. `) A c0 z& Y: D2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue% [$ G! V/ T8 \# F n* D
2012 $1,087 $1,276 6.7% Fiscal cliff- b6 F$ S8 |+ c# D; [* M
2013 $679 $672 4.0% Sequester, government shutdown
/ [4 R* B' {+ o; ?; y4 S" q0 N4 E2014 $485 $1,086 2.7% Debt ceiling. O6 t" I5 \& {- j/ d3 H" ?* x% [" H
2015 $438 $327 2.4% Defense = $736.4B# |9 h) ~' b, M
2016 $585 $1,423 3.1% Defense = $767.6B
- U+ _) Q7 m4 o }. h) n; p9 i2017 $665 $672 3.4% Defense = $817.9B
; N, w! o9 y. I6 J# o% n( L( O9 ^# Z2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts5 T, }$ V! \& D1 z4 }: a
2019 $1,091 $1,314 NA Defense = $956.5B
7 d/ Q0 K l& D! z5 S8 K) J% u2020 $1,101 $1,281 NA Defense = $989B
+ ^; {8 D+ d- d' }1 D) P2021 $1,068 $1,276 NA NA+ q |, C( \" Y+ F/ G' f
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