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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. & Z4 \; U" \1 ?) |
$ S7 g+ @0 \: c% F2020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.& l+ e* W7 Y" A+ Y
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) }5 ?+ a6 L0 M6 ~* d" E
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
% D& F5 W+ u( o5 Z g1929 ($1) ($1) (0.7%) Market crash
+ G( I, \6 f5 ], S& X/ [1930 ($1) ($1) (0.8%) Smoot-Hawley8 r% H- z" |6 q3 g
1931 $0 $1 0.6% Dust Bowl% f0 n0 w9 w0 j/ y$ b" u
1932 $3 $3 4.5% Hoover tax hike- m0 |$ X; M; p& o' R, O! v
1933 $3 $3 4.5% FDR New Deal
4 @, G6 C: G9 t9 o1934 $4 $5 5.4% GDP up 10.8%, debt also rose
. y7 d% O! b8 v( |% {( |1935 $3 $2 3.8% Social Security% [5 @8 w+ G7 e+ G, d: t9 l8 ~
1936 $4 $5 5.1% Tax hikes
9 |: `0 H0 |# U. X: \7 x+ z1937 $2 $3 2.4% Depression returned, third New Deal- b2 W. d/ T$ M4 D1 p. }4 ?
1938 $0 $1 0.1% Dust Bowl ended
# {# N4 N, u! z/ W1939 $3 $3 3.0% Depression ended
, {7 R A* K& `* r& X1940 $3 $3 2.8% Defense increased" @: I/ M0 N/ l( r& ^
1941 $5 $6 3.8% Pearl Harbor
+ F1 ~8 d7 J: U. b) s4 p7 R- u1942 $21 $23 12.3% Battle of Midway
# T$ K4 p8 B. ?/ R, _9 _& ]3 H' Q( A1943 $55 $64 26.9% Defense tripled
2 `; b$ ]' Z2 q/ s1944 $48 $64 21.2% Bretton Woods
5 K6 F4 N, z5 Z3 \1945 $48 $58 20.0% WWII ended
N9 u7 Q8 M t( H2 ?1946 $16 $11 7.0% Recession$ C# A- g! \; X
1947 ($4) ($11) (1.6%) Cold War
( e" o7 j; u0 q5 B1948 ($12) ($6) (4.2%) Recession3 N* x" ]# s9 D$ M& A1 G3 |
1949 ($1) $0 (0.2%) Recession+ Q& a. T3 \5 a4 J8 v
1950 $3 $5 1.0% Korean War
. m. @1 i" I; j, ]9 t2 u1951 ($6) ($2) (1.7%) Expansion( v% k* P2 @( `3 _
1952 $2 $4 0.4% Expansion
+ }7 z2 F/ n: d) ^1 r+ G" `1953 $6 $7 1.7% Korean War ended, recession
' t! Z' @, f/ V1 r0 ` [6 \) C* O' k1954 $1 $5 0.3% Recession, Eisenhower budgets
( C; G: t2 W. ?& ?; h1955 $3 $3 0.7% Expansion( Z5 R0 a4 T& V% h* k
1956 ($4) ($2) (0.9%) Expansion5 G' B" _9 Y4 d% J+ {- ]6 O
1957 ($3) ($2) (0.7%) Recession0 O) k" h9 u9 \
1958 $3 $6 0.6% Recession ended" n; R0 g: s. D" O k
1959 $13 $8 2.4% Fed raised rates- c* C6 ]; d$ B3 g1 l8 \
1960 $0 $2 (0.1%) Recession
- w- |0 B# i; {9 Y1961 $3 $3 0.6% JFK & Bay of Pigs
& v& @' [( g4 |0 Y( w c1962 $7 $10 1.2% Cuban Missile Crisis
2 ~. H9 u n; j/ O a) L5 e1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
! t' u$ ^! ?- N& V1964 $6 $6 0.9% LBJ War on Poverty4 \& `8 M6 w, f0 b6 Q
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
1 G/ a" W, d# N' W% P! A1966 $4 $3 0.5% ( l7 O* J4 g% v9 @) k
1967 $9 $6 1.0% Expansion" P8 e. c' }/ Q* u( f* N
1968 $25 $21 2.6% Moon landing
" T& L6 \' ?9 y5 M& d* b l1969 ($3) $6 (0.3%) Nixon took office
$ F; P" \; w5 f0 \* }& B# H1970 $3 $17 0.3% Recession* Y R p9 f1 S) N" Z$ u
1971 $23 $27 2.0% Wage-price controls; x9 I1 G# x/ z% g3 V2 y" K9 v
1972 $23 $29 1.8% Stagflation1 m# b, Z+ F- Q, F( |/ P% B) M
1973 $15 $31 1.0% End of gold standard
v) N' K3 s& t( f1974 $6 $17 0.4% Budget process created, Watergate
4 m# O/ U9 H+ [5 Q1975 $53 $58 3.1% Ford budget, Vietnam War ended h- @( h/ u( |$ o" G) c2 w, E5 h
1976 $74 $87 3.9% Stagflation
9 r' }1 U. }( N! S) ]1 {6 Q1977 $54 $78 2.5% Stagflation
s+ t, b, y. d3 H! [* T1978 $59 $73 2.5% Carter budget, Recession
! Z2 w( B; U/ \/ j: q5 G1979 $41 $55 1.5% Recession
; L7 f7 ], A+ K8 m3 |3 l% a, o1980 $74 $81 2.6% Volcker raised rates to 20%* I7 g; ^5 P9 k
1981 $79 $90 2.4% Reagan tax cut5 M; K; @5 j* x3 R% X) s4 q( ?& h
1982 $128 $144 3.8% Reagan increased spending8 O9 k( r9 l! E" ^) c5 p$ F
1983 $208 $235 5.6% Jobless rate was 10.8%
5 t) R- M0 d v( w, O* }1984 $185 $195 4.5% Increased defense spending) C9 a" T$ I# X3 F7 B( r
1985 $212 $256 4.8% Increased defense spending- N! c4 b' h/ V' |5 U4 _
1986 $221 $297 4.8% Tax cut8 f3 J3 G2 G; d- U
1987 $150 $225 3.1% Market crash
$ Y2 T5 k9 d7 V* K. ^, J6 I$ {1988 $155 $252 2.9% Fed raised rates
I1 s$ l: Q3 [) |. j1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
) \2 E" d* j! z, J) V8 {$ n1990 $221 $376 3.7% Desert Storm/ f8 _% R9 U @5 N O) k
1991 $269 $432 4.3% Recession
+ Y N. }# m3 l7 a% J4 T1992 $290 $399 4.4% Expansion P% Z: t, p( Q" a
1993 $255 $347 3.7% Clinton signed Budget Act
! Z+ Z# p7 [( y6 v/ Z; \. b1994 $203 $281 2.8% Clinton budget
# K) _0 q/ W* i$ M9 B7 K$ A# k( L- Z1995 $164 $281 2.1% Expansion _3 }0 e; z/ Z7 e
1996 $107 $251 1.3% Welfare reform
$ @. l0 m4 U) J- d8 `1997 $22 $188 0.3% Expansion# i: O! S6 F; G9 Y
1998 ($69) $113 (0.8%) LTCM crisis, recession
! {; v4 Y. @2 f: B$ a' O3 G1999 ($126) $130 (1.3%) Glass-Steagall repealed
3 r2 r4 L9 r9 A/ v* t& l- a9 r2000 ($236) $18 (2.3%) Surplus
% O" N( Y' ?# V+ b. g2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA, b/ A0 m$ z6 p
2002 $158 $421 1.4% War on Terror8 @: O" H- b! k! ~3 }$ i% p3 S
2003 $378 $555 3.3% JGTRRA
, ]4 z% k* j: Z7 r" `3 `2004 $413 $596 3.4% Iraq War
* n) X: j- L/ D8 n" j' ]* k2005 $318 $554 2.4% Katrina, Bankruptcy Act! T0 u& ~/ L) s
2006 $248 $578 1.8% Bernanke chairs Fed o' H" n# C1 K5 c" J
2007 $161 $501 1.1% Bank crisis) u+ l& ~$ S( R. C3 z
2008 $459 $1,017 3.1% Bank bailout, QE. T/ ?' F% H3 M
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
# D h) l) `( w$ o9 ]2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
4 R3 q8 L6 N8 U; n, d2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
( t# O4 t; F. P, ]+ E: G2012 $1,087 $1,276 6.7% Fiscal cliff
1 z+ f/ x* o9 O3 i3 ?9 K2 J+ L2013 $679 $672 4.0% Sequester, government shutdown
' O6 `' L; S- z2014 $485 $1,086 2.7% Debt ceiling
) J! l) S3 v4 {8 r2015 $438 $327 2.4% Defense = $736.4B, x% t, I9 ~; h% K+ X7 G3 S
2016 $585 $1,423 3.1% Defense = $767.6B
& C9 T6 Z2 Z0 n+ ~2017 $665 $672 3.4% Defense = $817.9B& z3 a& }7 v/ o5 [
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
3 v0 U9 J/ k' z+ I- y4 ^; G/ z" D$ D2019 $1,091 $1,314 NA Defense = $956.5B" z) r7 ^) M* A8 Q2 l% r6 p% l
2020 $1,101 $1,281 NA Defense = $989B
2 B5 X1 B: x+ Y: t2021 $1,068 $1,276 NA NA
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