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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 5 _# [2 d8 \& i# u, y A- k- ]
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2020财年美国预算赤字预计为1.1万亿美元2 t' ^, I+ m) `; z5 R( J6 E+ ]
. G, P" @3 v HThe 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., [" q K& D9 R6 u, t, v
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 Events6 T% m2 k( E- m. |' T9 _+ q: [
1929 ($1) ($1) (0.7%) Market crash
$ s/ E. D! t: p- t1930 ($1) ($1) (0.8%) Smoot-Hawley
) u. h( S4 U8 W) Y b* z- h1931 $0 $1 0.6% Dust Bowl9 t0 Z9 e0 l+ {/ @% ^
1932 $3 $3 4.5% Hoover tax hike
& f* ]; N: q8 v0 E1 T; |. |0 i1933 $3 $3 4.5% FDR New Deal) l: o1 ?3 |" t0 J
1934 $4 $5 5.4% GDP up 10.8%, debt also rose
3 I2 e6 }5 o1 T1 r5 k% }1935 $3 $2 3.8% Social Security
/ s$ P4 d1 U) b3 a; J% }' F1936 $4 $5 5.1% Tax hikes
% Q6 I3 j0 ^; t9 A- y, q4 u1937 $2 $3 2.4% Depression returned, third New Deal
+ v3 K& w( C' n2 m1938 $0 $1 0.1% Dust Bowl ended" }) [0 N* y8 A2 O; A' b) n* r
1939 $3 $3 3.0% Depression ended
& ]. L. U" o8 \/ G( v% R+ M& I* |& V1940 $3 $3 2.8% Defense increased
% t# C+ [5 b1 }1941 $5 $6 3.8% Pearl Harbor; e( i' a0 j; H5 K3 A1 b
1942 $21 $23 12.3% Battle of Midway1 L' j/ }' A4 n f* v
1943 $55 $64 26.9% Defense tripled
% T; n5 T0 F+ M: x# S1944 $48 $64 21.2% Bretton Woods
2 H. G" J! B, c1945 $48 $58 20.0% WWII ended
3 D% W* M0 t9 p0 Q& n1946 $16 $11 7.0% Recession& \3 P+ H0 h# B: T& V, \" H
1947 ($4) ($11) (1.6%) Cold War; p9 _% A. [- A* Y- L0 k S8 B
1948 ($12) ($6) (4.2%) Recession+ i$ k8 \ k/ G- j
1949 ($1) $0 (0.2%) Recession
5 V% S) R% m, x$ L1950 $3 $5 1.0% Korean War
: C7 ]' J. M# {' V0 M2 O9 F1951 ($6) ($2) (1.7%) Expansion
: M) {; h! |4 W# U1952 $2 $4 0.4% Expansion) X4 j0 }& n/ }. H
1953 $6 $7 1.7% Korean War ended, recession
2 F3 H! P6 j; B1 \: N! g2 b1954 $1 $5 0.3% Recession, Eisenhower budgets% w8 V1 ^+ ~: d% q/ w8 A
1955 $3 $3 0.7% Expansion
3 P9 Y6 ^# ~) j4 r1956 ($4) ($2) (0.9%) Expansion; {* |4 V0 O( i( G9 Q
1957 ($3) ($2) (0.7%) Recession
: [7 q9 x; u" q) U5 k+ W. \1958 $3 $6 0.6% Recession ended
y! |$ }) p& q7 b" O) ?; F1959 $13 $8 2.4% Fed raised rates3 w2 a8 ]) ?* q- U+ `
1960 $0 $2 (0.1%) Recession- ]2 v( D6 V) {! Z' {
1961 $3 $3 0.6% JFK & Bay of Pigs/ n5 I: T* A" M- f: ^. }2 `
1962 $7 $10 1.2% Cuban Missile Crisis
7 Q- G5 u# f/ B, i+ ^0 J9 G3 N0 l1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
" i: P& h; m: k0 w6 s1964 $6 $6 0.9% LBJ War on Poverty
2 m0 J M- _/ u/ M; O% ?1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
, U5 Y b' N. Y. V- A) ~$ R6 \* |0 n1966 $4 $3 0.5% 9 \( z ~) T4 w+ p
1967 $9 $6 1.0% Expansion
7 n- _0 U+ ^6 }& d1968 $25 $21 2.6% Moon landing& p8 c3 c: d- p
1969 ($3) $6 (0.3%) Nixon took office w- y% O8 I# G
1970 $3 $17 0.3% Recession/ r) z" f/ q& }4 [
1971 $23 $27 2.0% Wage-price controls
! B! x/ P- p$ i+ w0 I. Q! c1972 $23 $29 1.8% Stagflation
, b7 Z) u" o5 x1973 $15 $31 1.0% End of gold standard* ~+ P) n: l5 z! E3 Q* t
1974 $6 $17 0.4% Budget process created, Watergate
4 W9 G# U. h( `( }% L1975 $53 $58 3.1% Ford budget, Vietnam War ended6 g2 J3 q2 W# @% y6 b2 A
1976 $74 $87 3.9% Stagflation
3 U/ Q9 e' a7 p1977 $54 $78 2.5% Stagflation
- V3 g( T0 @' B% S! k+ g* K9 P; D1978 $59 $73 2.5% Carter budget, Recession' C; t1 ~$ I1 q( _/ L8 W9 {' k
1979 $41 $55 1.5% Recession
0 Y5 P M1 F. U1 @, g# }5 j1980 $74 $81 2.6% Volcker raised rates to 20%
; m( U) m2 M; S1 M8 ^- q+ a5 Y6 ?1981 $79 $90 2.4% Reagan tax cut
( A6 H1 r/ F) q1982 $128 $144 3.8% Reagan increased spending
5 h: q8 {& j' j( [0 y; g- ]: ]1983 $208 $235 5.6% Jobless rate was 10.8%) J) P& v8 y% j; ^
1984 $185 $195 4.5% Increased defense spending y2 [1 Z# K' f) n/ C! S
1985 $212 $256 4.8% Increased defense spending
0 i+ d E' o9 ]6 l0 j/ }8 A; B1986 $221 $297 4.8% Tax cut
$ S \$ D \" ~4 y9 N1987 $150 $225 3.1% Market crash5 n9 [( A; b3 M: w1 B" K
1988 $155 $252 2.9% Fed raised rates/ z2 s# E* E, k* a
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget3 e, O( T+ ^. d. F1 G$ Y
1990 $221 $376 3.7% Desert Storm, r% y! ]8 j( [+ P$ n1 ]- U: Z
1991 $269 $432 4.3% Recession
1 n) W6 U8 a5 t1992 $290 $399 4.4% Expansion
. C! L2 L) S+ N1993 $255 $347 3.7% Clinton signed Budget Act
& x- W) q7 |4 \# }0 R3 v0 Z$ B! [1994 $203 $281 2.8% Clinton budget
; j: p3 g( H$ r* e1995 $164 $281 2.1% Expansion
' \' v% p6 L# z, O6 w7 p1996 $107 $251 1.3% Welfare reform
6 L/ {7 S( d. C$ C" [1997 $22 $188 0.3% Expansion% [6 Q8 @6 m8 D a( @
1998 ($69) $113 (0.8%) LTCM crisis, recession
- h: E3 O& M2 G. j B: _1999 ($126) $130 (1.3%) Glass-Steagall repealed9 K0 i B' b0 X6 Z
2000 ($236) $18 (2.3%) Surplus
( g5 w8 K5 w( i, J7 h/ C2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA* E1 V3 I9 X' i# U
2002 $158 $421 1.4% War on Terror
% z8 r. g! u6 ?# c+ K2003 $378 $555 3.3% JGTRRA. L- X& n7 }- n
2004 $413 $596 3.4% Iraq War
7 N0 k9 Y: l1 [! M3 L2005 $318 $554 2.4% Katrina, Bankruptcy Act
' G3 _8 u8 ]- V2006 $248 $578 1.8% Bernanke chairs Fed
& \! i8 @& W# h$ ]9 m: ?2007 $161 $501 1.1% Bank crisis {, I2 e/ F( \3 P) X+ T
2008 $459 $1,017 3.1% Bank bailout, QE
9 }* W+ r0 ]! {$ |2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
& A8 v$ f. b0 a! j2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
9 [, U7 B& N' S! v2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
4 e1 X5 m+ L' s7 k+ T2012 $1,087 $1,276 6.7% Fiscal cliff% O' V; g* H( G- W, G( l
2013 $679 $672 4.0% Sequester, government shutdown
, V4 l9 q+ Q( D- {% M- `6 K2014 $485 $1,086 2.7% Debt ceiling
; {7 T; l$ Q( y; W8 v9 g8 x( M2015 $438 $327 2.4% Defense = $736.4B
9 H# j, \- f5 T" @3 g; j, g. Q/ _. \2 Q2016 $585 $1,423 3.1% Defense = $767.6B; P1 B9 j& @, q' ^% s+ G
2017 $665 $672 3.4% Defense = $817.9B
5 K; I& D, h1 Z. l2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts( H; l: J0 l5 C
2019 $1,091 $1,314 NA Defense = $956.5B
: |: h( M, ^# N2020 $1,101 $1,281 NA Defense = $989B
% R7 d( W6 m4 P' Q1 |: W2021 $1,068 $1,276 NA NA- C# L9 A( |0 X% i8 S7 y
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