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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. n7 e1 D4 z+ J6 }8 _! A6 r9 f# O
2 H9 ~2 t1 [4 }1 T( i2020财年美国预算赤字预计为1.1万亿美元1 x, D# y& J2 A* g- u
0 P$ V- K" c4 c9 h/ YThe 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.! m! U& H2 r$ `: q% ^$ R* o1 E1 X
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 Events9 r6 r0 K) g+ d$ j/ y& Z
1929 ($1) ($1) (0.7%) Market crash" Y9 `/ L' K# e3 u) { v9 L
1930 ($1) ($1) (0.8%) Smoot-Hawley
# d" k1 C1 A% O- \8 H1931 $0 $1 0.6% Dust Bowl
- `1 ]9 V7 [ o3 g1932 $3 $3 4.5% Hoover tax hike
6 y* V$ j- o6 L: n8 t) `! w5 ^1 z1933 $3 $3 4.5% FDR New Deal7 G5 C- E) r: C9 A' ?7 }
1934 $4 $5 5.4% GDP up 10.8%, debt also rose' V3 I9 w, r( U1 E8 k! A) U
1935 $3 $2 3.8% Social Security
* @! h- @0 q, t# P2 Y1936 $4 $5 5.1% Tax hikes
( A9 b4 y5 B' b- I8 q! _" P6 V; N1937 $2 $3 2.4% Depression returned, third New Deal4 i" U; \& H+ _
1938 $0 $1 0.1% Dust Bowl ended
% @4 K( k2 Z& P/ P8 x+ j# n- T1939 $3 $3 3.0% Depression ended
" p9 A \" t4 h* d* l( U3 R1940 $3 $3 2.8% Defense increased
; T/ J9 ~& t+ f0 X$ J1 q1941 $5 $6 3.8% Pearl Harbor5 u8 y8 l1 S5 K
1942 $21 $23 12.3% Battle of Midway
6 |- b1 K" Q6 D+ a( c& d1943 $55 $64 26.9% Defense tripled
( Z. z# z l. k& r1 j2 m1944 $48 $64 21.2% Bretton Woods
4 u, S- g6 }) |9 P$ V1945 $48 $58 20.0% WWII ended
0 U4 [4 Q/ c4 l3 r1946 $16 $11 7.0% Recession
. r( n$ F! f* `1947 ($4) ($11) (1.6%) Cold War. s! z! Z& a3 G8 n2 z+ e$ K
1948 ($12) ($6) (4.2%) Recession6 |/ b0 U% |' i6 G
1949 ($1) $0 (0.2%) Recession: v `7 M) B9 g
1950 $3 $5 1.0% Korean War
; b3 q, T; C6 T0 `9 D2 V5 M+ g1951 ($6) ($2) (1.7%) Expansion+ @9 j. l" N) I7 K/ F2 [# h
1952 $2 $4 0.4% Expansion8 x- ]6 B" r& z
1953 $6 $7 1.7% Korean War ended, recession
: D& Z% z" g0 v ~1954 $1 $5 0.3% Recession, Eisenhower budgets
, _1 B3 G# J( U# i3 }3 i1955 $3 $3 0.7% Expansion
- N. ?% m6 V: Z$ ? S% w1956 ($4) ($2) (0.9%) Expansion2 g0 r; y# C- U
1957 ($3) ($2) (0.7%) Recession
0 a+ T& x5 `1 \2 o1958 $3 $6 0.6% Recession ended1 e* s) t* R# D0 t _
1959 $13 $8 2.4% Fed raised rates# w0 j+ E& o* V3 k! Y
1960 $0 $2 (0.1%) Recession
9 V. U9 j7 ?2 Z; a2 ?1 n1961 $3 $3 0.6% JFK & Bay of Pigs+ s" I( Q2 i& a+ R$ s
1962 $7 $10 1.2% Cuban Missile Crisis
3 m8 c, }; k' G" ~0 y; t- U1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed" f/ i. K# q) S! s
1964 $6 $6 0.9% LBJ War on Poverty
! k) u! M0 E* C* u6 b$ ]1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War% K# C9 i2 x# E! ?/ l
1966 $4 $3 0.5% ; w% [+ B+ c; V. w# ?
1967 $9 $6 1.0% Expansion
( B- D4 b, H( O1968 $25 $21 2.6% Moon landing
1 z: M) w x. ]( l1969 ($3) $6 (0.3%) Nixon took office/ }6 n6 s4 `3 _+ F9 U8 g
1970 $3 $17 0.3% Recession, v6 i1 V! ]" u" n2 H
1971 $23 $27 2.0% Wage-price controls
_, k; m! @3 V9 C3 A7 X$ F; M1972 $23 $29 1.8% Stagflation
$ |. L5 ?1 [4 P7 r2 ^8 o1973 $15 $31 1.0% End of gold standard
* A7 _2 Z0 F0 T* D1974 $6 $17 0.4% Budget process created, Watergate
7 ?& l/ j8 a) n# h, w1975 $53 $58 3.1% Ford budget, Vietnam War ended
' A; x& A* t: D6 x, t% k5 ]1976 $74 $87 3.9% Stagflation$ }9 m/ [. ]) S& _
1977 $54 $78 2.5% Stagflation
: B% p+ y( [$ P1 p1978 $59 $73 2.5% Carter budget, Recession
; ^" S0 p. u; E1979 $41 $55 1.5% Recession; _- V: ^& c7 _
1980 $74 $81 2.6% Volcker raised rates to 20%
8 v! I) {% G) Y, |1981 $79 $90 2.4% Reagan tax cut4 Z3 C* A! \9 I5 |% R
1982 $128 $144 3.8% Reagan increased spending
6 H6 a( ~. k$ I5 g1983 $208 $235 5.6% Jobless rate was 10.8%
0 T/ I0 P: _+ y' T& K; ^1 b1984 $185 $195 4.5% Increased defense spending/ P+ R$ C! P7 [, u
1985 $212 $256 4.8% Increased defense spending
# Y% a6 ?) i4 q- Y/ O1986 $221 $297 4.8% Tax cut
+ D; {& Y a0 Z3 z- w5 I1 d1987 $150 $225 3.1% Market crash: K! D- H( h' P" b- v
1988 $155 $252 2.9% Fed raised rates4 O% y4 [3 _" S$ u- P% |) ?
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
6 D1 m* z1 J/ L3 f0 p% Z1990 $221 $376 3.7% Desert Storm t0 a6 T4 O( k
1991 $269 $432 4.3% Recession
& q; t' H* w9 g8 A0 b! p1992 $290 $399 4.4% Expansion% W8 R) p( Y3 L& f
1993 $255 $347 3.7% Clinton signed Budget Act9 I% w0 t4 A- S9 l1 [; d5 J* _
1994 $203 $281 2.8% Clinton budget8 E: V! v" z& |8 V, L' ?
1995 $164 $281 2.1% Expansion, u# L: q/ `% B
1996 $107 $251 1.3% Welfare reform' i0 O9 m: o0 i( _, z
1997 $22 $188 0.3% Expansion4 Q q7 O$ m$ p: `# d
1998 ($69) $113 (0.8%) LTCM crisis, recession, d$ f% I }+ h" o8 T
1999 ($126) $130 (1.3%) Glass-Steagall repealed* ^. P5 {+ ? ]3 `
2000 ($236) $18 (2.3%) Surplus
0 \0 t/ B- R& ?* B8 _* k2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA& ~; R) G& S; R ]
2002 $158 $421 1.4% War on Terror; a" _4 e( V: S; C1 e
2003 $378 $555 3.3% JGTRRA) z% \( h% ^4 Q/ t2 o: d
2004 $413 $596 3.4% Iraq War; K, d, d5 w0 C& M$ ]% o
2005 $318 $554 2.4% Katrina, Bankruptcy Act
: M% o- U- g6 [* G# E2006 $248 $578 1.8% Bernanke chairs Fed
% {' M3 e) ]! f& y2007 $161 $501 1.1% Bank crisis+ f( o3 n I4 W0 q5 }1 @
2008 $459 $1,017 3.1% Bank bailout, QE
" s7 ^6 H1 [; x2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
f! P, N+ v8 f& L3 w( r2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
2 `5 G0 y \( ^8 t b: F2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue# F4 \( [) \% E% Z1 L" P
2012 $1,087 $1,276 6.7% Fiscal cliff, Q5 W' {/ L( n o+ {1 B
2013 $679 $672 4.0% Sequester, government shutdown# S, _$ F9 v5 @+ P# e. {
2014 $485 $1,086 2.7% Debt ceiling; c ?4 D/ T$ y. `
2015 $438 $327 2.4% Defense = $736.4B
8 w- K$ X- K: i. x/ u2016 $585 $1,423 3.1% Defense = $767.6B
* q* r" q! Z! t4 M3 Z m! T$ K2017 $665 $672 3.4% Defense = $817.9B
& W1 b# Y6 w1 u! Z) A. S2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts" o! h( v+ @' o4 z! C6 j6 A
2019 $1,091 $1,314 NA Defense = $956.5B
2 U) |2 s- @ i2 N2020 $1,101 $1,281 NA Defense = $989B. O) X. v" ^" c8 ]7 S! W$ ?
2021 $1,068 $1,276 NA NA
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