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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. & i" V/ x* D. l. e" U
" m, T _4 \" U) m. C# s2020财年美国预算赤字预计为1.1万亿美元7 O, O$ P$ h' w1 ]+ ^
7 T* I& v( e& J0 o) k1 B8 }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.
3 R! u3 T, {9 v! d* u 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' R$ }) n; A' L
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events ^3 h, ~ l$ a4 ~$ U: P
1929 ($1) ($1) (0.7%) Market crash, }, b. d! S" i+ X: Y
1930 ($1) ($1) (0.8%) Smoot-Hawley
* M9 W- u/ O" X/ _& N8 w1 j1931 $0 $1 0.6% Dust Bowl% j% Z( B$ Y# @: e9 s
1932 $3 $3 4.5% Hoover tax hike
9 W- I) N( r& V* u/ x# u* a1933 $3 $3 4.5% FDR New Deal {1 b, t! O2 \8 c2 n7 P8 l
1934 $4 $5 5.4% GDP up 10.8%, debt also rose' R3 b: d/ V$ b1 x* \( l& D" Q# y
1935 $3 $2 3.8% Social Security
+ G% ]0 Q8 x9 Q& ]$ T" ~1936 $4 $5 5.1% Tax hikes
/ O3 u5 g' O4 u7 j& L0 E1937 $2 $3 2.4% Depression returned, third New Deal
; Z/ y. K. a/ E1 B6 y1938 $0 $1 0.1% Dust Bowl ended) t6 x6 x; i) |2 ]# ?
1939 $3 $3 3.0% Depression ended
' M# P5 U8 E f; w. v1940 $3 $3 2.8% Defense increased r* E1 `' v5 \# N0 Y( T2 X% N
1941 $5 $6 3.8% Pearl Harbor
) W' I- ~, b9 w9 u) N1942 $21 $23 12.3% Battle of Midway" O8 T! c9 u; K+ g
1943 $55 $64 26.9% Defense tripled# H) a! ?5 U* ^3 M
1944 $48 $64 21.2% Bretton Woods
: ^- N5 p, F# u8 u% t* k, |) @& B: @7 Z1945 $48 $58 20.0% WWII ended* m o7 D. [- T
1946 $16 $11 7.0% Recession5 p# I+ E! A' z5 r1 N/ J
1947 ($4) ($11) (1.6%) Cold War! V8 N" s# L' @. p5 e0 K
1948 ($12) ($6) (4.2%) Recession
7 b$ i' K0 c( p1949 ($1) $0 (0.2%) Recession
5 u6 C3 \0 K$ |" \+ C: J1 L1950 $3 $5 1.0% Korean War
5 k3 }3 |: |0 ~6 d$ w5 j1951 ($6) ($2) (1.7%) Expansion
" z) S3 v( ~) |+ Y' k% S1952 $2 $4 0.4% Expansion, m9 B! b7 M7 _& [2 C
1953 $6 $7 1.7% Korean War ended, recession. ?7 L" H; c7 Z5 e) R) H7 C
1954 $1 $5 0.3% Recession, Eisenhower budgets7 V3 U$ G/ ~* P, E
1955 $3 $3 0.7% Expansion6 L h1 P9 A+ g' ]
1956 ($4) ($2) (0.9%) Expansion7 o+ ~+ _' |4 S
1957 ($3) ($2) (0.7%) Recession
! r! \ J1 q9 s( {4 O% l1958 $3 $6 0.6% Recession ended
5 @8 E( }. H* @* i0 y1 m. I- R: W1959 $13 $8 2.4% Fed raised rates
" J7 ~$ i' B! Y1960 $0 $2 (0.1%) Recession
0 {# @$ n6 e" _! U5 l+ n1961 $3 $3 0.6% JFK & Bay of Pigs; j+ [% G- Z5 D" ~, e5 c
1962 $7 $10 1.2% Cuban Missile Crisis7 y# s4 f5 Q( j6 R5 C S
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed% P R# _( }- R2 a; h7 v# V
1964 $6 $6 0.9% LBJ War on Poverty% Y# z+ J; I! p0 `, |- f
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War+ s7 M/ B, \- m; j5 g# Z" L& c4 _
1966 $4 $3 0.5%
; `+ B4 V, {0 F+ [% s: ?1 l8 ]1967 $9 $6 1.0% Expansion
, X+ o6 Y4 ?* q+ B% m1968 $25 $21 2.6% Moon landing" `' v e' N3 I: Q+ q* }* J
1969 ($3) $6 (0.3%) Nixon took office
/ v P5 y3 h- y. u1970 $3 $17 0.3% Recession
, K, p$ b' _5 d6 A' y6 I1971 $23 $27 2.0% Wage-price controls0 v2 v3 d7 F8 @9 Y9 O* K* X9 X0 \
1972 $23 $29 1.8% Stagflation9 q' O5 K6 a$ Y: Q6 G" t
1973 $15 $31 1.0% End of gold standard1 o* |+ U0 L# G8 O+ h
1974 $6 $17 0.4% Budget process created, Watergate
$ U& x8 |) o& ?1975 $53 $58 3.1% Ford budget, Vietnam War ended/ f, l# L; \* w$ h- W; k
1976 $74 $87 3.9% Stagflation
; W! J7 C1 C' n- ^0 \- w0 o1977 $54 $78 2.5% Stagflation
0 _5 o7 z1 ]: V0 _! V' \+ r1978 $59 $73 2.5% Carter budget, Recession3 }2 v, W; }- {$ [) R6 Q: ~$ t* ]7 @
1979 $41 $55 1.5% Recession
. s. g8 s* ?% o7 H% l; [+ T% Y2 ^1980 $74 $81 2.6% Volcker raised rates to 20%! ]) c E+ \7 C5 L/ f1 I8 o
1981 $79 $90 2.4% Reagan tax cut! y6 x% a& V5 G
1982 $128 $144 3.8% Reagan increased spending
# L' Y; v/ h; I8 P% P6 ~% l1983 $208 $235 5.6% Jobless rate was 10.8%
( U5 J6 h& _# X1984 $185 $195 4.5% Increased defense spending
: p" \' S# B( O& K; N. o. ]1985 $212 $256 4.8% Increased defense spending
' T0 r4 t5 n- D* _- S& m" X/ r1986 $221 $297 4.8% Tax cut6 _8 c' o* y3 H* n
1987 $150 $225 3.1% Market crash# R- f& a6 R: D+ ]5 H) g+ {8 h! w0 ~
1988 $155 $252 2.9% Fed raised rates
1 }$ _6 @) Q5 X6 X6 [4 [1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
! I% c V% u3 P" ^/ p- J1 S1990 $221 $376 3.7% Desert Storm
: r; d. [& }3 ?/ u1 p. e6 G; F1991 $269 $432 4.3% Recession
6 S& C- O% T& i5 g, |1992 $290 $399 4.4% Expansion( l$ l& C. ~; ^8 z! q
1993 $255 $347 3.7% Clinton signed Budget Act9 Z( ^" t- {9 |$ |& Z
1994 $203 $281 2.8% Clinton budget
8 t5 D6 j+ G5 \1995 $164 $281 2.1% Expansion9 c. z) x9 [/ y/ ~
1996 $107 $251 1.3% Welfare reform
* A9 i+ o1 u% ^& c, w8 o1997 $22 $188 0.3% Expansion) k4 }& T9 s; N1 y m2 _! z
1998 ($69) $113 (0.8%) LTCM crisis, recession- S0 J' L) m8 d9 d' j s
1999 ($126) $130 (1.3%) Glass-Steagall repealed2 c% Z* @6 _0 k) K
2000 ($236) $18 (2.3%) Surplus
# @3 A6 A. D' A) Z; a' L2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
# ^2 C. X0 m' n6 L7 N, T2002 $158 $421 1.4% War on Terror
% }! W$ }3 n% {4 [6 s; p- {2003 $378 $555 3.3% JGTRRA0 X+ H- t4 t4 f6 I4 J3 n
2004 $413 $596 3.4% Iraq War5 G; H! C- Z4 p- l/ Q
2005 $318 $554 2.4% Katrina, Bankruptcy Act" A9 F0 u9 |% y& k) N
2006 $248 $578 1.8% Bernanke chairs Fed
& n" @8 N/ A5 {; u5 h' |; |; A2007 $161 $501 1.1% Bank crisis6 s7 t( N4 T. V0 g
2008 $459 $1,017 3.1% Bank bailout, QE
/ z6 p% |; N0 L6 ]0 e- f) i* T2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
G% Q% H! J4 L( V! n0 L4 o* J2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles* f+ _: b$ U; V# O. T& O. ?! M
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
/ y/ f0 X+ ]" T, ?$ \* q2012 $1,087 $1,276 6.7% Fiscal cliff
% r, [& A3 P* [+ j2013 $679 $672 4.0% Sequester, government shutdown
7 U, ?$ }% C3 j" f2014 $485 $1,086 2.7% Debt ceiling) H" i5 Z" D' O& \1 u
2015 $438 $327 2.4% Defense = $736.4B7 e* n; W \# P: z7 N& w5 w
2016 $585 $1,423 3.1% Defense = $767.6B+ F# A P2 A3 }; |
2017 $665 $672 3.4% Defense = $817.9B0 E& g5 A, n* b; D7 p, ^6 H4 d
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts5 ?: I- J' w9 c W6 a: n
2019 $1,091 $1,314 NA Defense = $956.5B
: A' [& j4 e4 N2 U" m2 f2020 $1,101 $1,281 NA Defense = $989B1 o. m" e0 a' {! k# I
2021 $1,068 $1,276 NA NA! w! I, J: d2 e
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