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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 3 x7 @) g+ P4 a4 O o
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2020财年美国预算赤字预计为1.1万亿美元# |" V: u/ G# v7 _% d
0 i5 O8 Z" n1 e" zThe 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.: K: g1 Y/ B @' d2 p
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9 J8 F2 t( C, R; R2 K2 P
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
# X' e5 @3 B- l1929 ($1) ($1) (0.7%) Market crash' s& r1 f- ^6 t* \0 n
1930 ($1) ($1) (0.8%) Smoot-Hawley0 J( }( }0 h: N
1931 $0 $1 0.6% Dust Bowl
/ ]0 L @: T% z' w+ F) a) x D1932 $3 $3 4.5% Hoover tax hike# L) E+ V! E# U& g
1933 $3 $3 4.5% FDR New Deal
& [7 w# i3 O. h( E; v1934 $4 $5 5.4% GDP up 10.8%, debt also rose
l, v0 o! D# \1935 $3 $2 3.8% Social Security1 A) Y$ |# n, L# R4 p: ?2 R5 n
1936 $4 $5 5.1% Tax hikes
g% `; G0 H! s$ }: K1937 $2 $3 2.4% Depression returned, third New Deal- }$ l( m" c6 m/ W1 N
1938 $0 $1 0.1% Dust Bowl ended/ ~7 ?8 n3 i3 {
1939 $3 $3 3.0% Depression ended
! e0 l% y5 f5 U! I1940 $3 $3 2.8% Defense increased
7 u) j% I/ _$ H; Z% l1 R1941 $5 $6 3.8% Pearl Harbor
3 c1 w0 p* }1 R- X1942 $21 $23 12.3% Battle of Midway
2 [6 X% z3 G7 e* @0 \, k- Y) ~1943 $55 $64 26.9% Defense tripled
, Q. \) q! o6 _; c' D1944 $48 $64 21.2% Bretton Woods
4 u3 |- X' Q: U1945 $48 $58 20.0% WWII ended* g) q- p2 T+ I& |
1946 $16 $11 7.0% Recession
q6 O" V0 F6 C9 H1947 ($4) ($11) (1.6%) Cold War7 N, B! X* p' k3 V
1948 ($12) ($6) (4.2%) Recession
! |6 U1 f8 U0 W0 a; ^1949 ($1) $0 (0.2%) Recession
; r9 ` q) U9 M6 t2 U+ d" c# h0 Q" [9 n1950 $3 $5 1.0% Korean War
( P' Z3 c: h/ Q4 ?% S. p2 v1951 ($6) ($2) (1.7%) Expansion& g% I ]8 Y6 G/ O
1952 $2 $4 0.4% Expansion/ D* X- z+ d: u$ @/ X' U
1953 $6 $7 1.7% Korean War ended, recession0 }; n5 h. C3 S
1954 $1 $5 0.3% Recession, Eisenhower budgets% n* I" e: Y% B/ _
1955 $3 $3 0.7% Expansion) X! C4 D# w5 i! `# x" t
1956 ($4) ($2) (0.9%) Expansion
9 w3 s4 h) Y2 ?; s* g- ^% C) w0 a1957 ($3) ($2) (0.7%) Recession& R. D% _* s& ?
1958 $3 $6 0.6% Recession ended
8 e! o6 l# `, ]& O# J& I3 k1959 $13 $8 2.4% Fed raised rates# M9 l6 A5 N$ |9 U3 R
1960 $0 $2 (0.1%) Recession. v9 F( I9 z7 d
1961 $3 $3 0.6% JFK & Bay of Pigs
& S, @( T9 i2 i: h. x7 A" v1962 $7 $10 1.2% Cuban Missile Crisis
" r; I! V4 p0 \! a1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed& z* d9 h. k, `0 P- }- `
1964 $6 $6 0.9% LBJ War on Poverty
1 z( k4 G! K' y1 N# i- E1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
7 L+ P) P1 P5 w- Y5 g7 i+ J1966 $4 $3 0.5% 8 v1 F* d. }& {: p R2 l s
1967 $9 $6 1.0% Expansion# \+ J5 L% {1 |( B9 z
1968 $25 $21 2.6% Moon landing l' s0 `, R1 `! p: O
1969 ($3) $6 (0.3%) Nixon took office
( G' m7 b) m# Q* {1970 $3 $17 0.3% Recession
! F7 B/ _$ P# R& ]- q1 q1971 $23 $27 2.0% Wage-price controls
' S& F% e( I- n0 |1972 $23 $29 1.8% Stagflation( p+ k: L- z B1 A+ a
1973 $15 $31 1.0% End of gold standard
' q+ r5 ^. d' s& z) {1974 $6 $17 0.4% Budget process created, Watergate. N* F! K9 _) F
1975 $53 $58 3.1% Ford budget, Vietnam War ended& I4 t# g, [* V6 m" s+ ]' ?
1976 $74 $87 3.9% Stagflation) F: H/ a* Y" U4 j w% [9 E
1977 $54 $78 2.5% Stagflation
7 z7 S: Z7 S8 ^, m! F% t O1978 $59 $73 2.5% Carter budget, Recession
4 c5 H t' U! s* F1979 $41 $55 1.5% Recession
7 F4 C7 I9 W" Y& N8 n- H% d' m1980 $74 $81 2.6% Volcker raised rates to 20%
3 k2 ?3 n1 e! O; E2 s$ {7 [7 d2 N$ S0 s! I1981 $79 $90 2.4% Reagan tax cut
7 e: U B6 m, I3 k4 p; m# Q" I1982 $128 $144 3.8% Reagan increased spending
* a0 X3 y: @7 q! f- E4 ?# R9 X' {1983 $208 $235 5.6% Jobless rate was 10.8%
K5 R, F( n' V8 ]1984 $185 $195 4.5% Increased defense spending
, K: ]- X5 \1 k5 }, a1985 $212 $256 4.8% Increased defense spending2 i1 `1 c3 G; a& {7 t
1986 $221 $297 4.8% Tax cut; i0 t0 i# z5 I$ Y3 C- I u& ?# s
1987 $150 $225 3.1% Market crash6 r% D; t6 _6 x
1988 $155 $252 2.9% Fed raised rates U9 a# b% A! Y+ l- y! N; i4 E
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
_: e. b0 b, c9 d1990 $221 $376 3.7% Desert Storm
7 E! _9 B' E% q1991 $269 $432 4.3% Recession; f& L$ _ j8 E! B( R
1992 $290 $399 4.4% Expansion
9 Q* i* L- j' n: G7 S0 N( \1993 $255 $347 3.7% Clinton signed Budget Act! h8 _3 o) X D8 m2 Z: c' v
1994 $203 $281 2.8% Clinton budget
+ v9 U+ b# I4 E% K) ]: N1995 $164 $281 2.1% Expansion
# }# D1 _' y) G6 v1996 $107 $251 1.3% Welfare reform
; v4 d: a& Y# l+ Z! o9 w7 a1997 $22 $188 0.3% Expansion
8 t9 k1 A0 M" \, K. a; x; Y1998 ($69) $113 (0.8%) LTCM crisis, recession
9 W( b) R7 p5 `$ _1999 ($126) $130 (1.3%) Glass-Steagall repealed
- x% \+ o8 l0 a+ w2000 ($236) $18 (2.3%) Surplus
7 g5 F6 e4 `' p2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
& O+ E/ U9 n% x( S. p2002 $158 $421 1.4% War on Terror
, W9 R& G6 x* k1 `+ I8 `4 C2003 $378 $555 3.3% JGTRRA
: V2 r) N% D8 g ^) }2004 $413 $596 3.4% Iraq War) L( N. R- E& G' V0 j# f c; U$ b& j
2005 $318 $554 2.4% Katrina, Bankruptcy Act
. w6 V" Y# M+ Y/ z2006 $248 $578 1.8% Bernanke chairs Fed m9 I& J- H- P
2007 $161 $501 1.1% Bank crisis) e A9 ]5 R+ m' \0 {. Y, P' g
2008 $459 $1,017 3.1% Bank bailout, QE
( J" U, X& A+ D4 R2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
' c' c3 W( _$ g- C$ E, n2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
) b/ m- z' j( P1 E: o* W: N2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue, D8 T& f2 g/ |$ o$ L3 U
2012 $1,087 $1,276 6.7% Fiscal cliff
# {9 g# }; r1 ^6 a( f0 a2013 $679 $672 4.0% Sequester, government shutdown+ g' Y9 `$ q5 X# |) P7 U
2014 $485 $1,086 2.7% Debt ceiling
5 z) E* A3 u) c2015 $438 $327 2.4% Defense = $736.4B
9 n2 L7 M* Q5 j! J7 L& [" }2016 $585 $1,423 3.1% Defense = $767.6B
1 v! h8 ?: c) ~9 }8 e6 A2017 $665 $672 3.4% Defense = $817.9B
+ }4 `$ u! x- D! C2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts9 u/ ?, E( T8 T; W! w1 ]4 y+ m
2019 $1,091 $1,314 NA Defense = $956.5B. D9 D; J* i5 m& f: d" ^
2020 $1,101 $1,281 NA Defense = $989B
: R, A0 a3 l$ E: \2 J% K$ [# o/ u2021 $1,068 $1,276 NA NA
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