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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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% {% {; k) U/ i+ \0 |2020财年美国预算赤字预计为1.1万亿美元
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2 }: f/ q) l: A* u, v8 L/ Y" Z1 cThe 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.) B, m ^* y0 I" l) ^
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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9 B6 N5 F& X0 x2 r* K! ^Fiscal Year Deficit (in billions) Debt Deficit/GDP Events/ x4 o( C0 `" Z- \& z- j3 ]: ~+ K
1929 ($1) ($1) (0.7%) Market crash5 U+ y4 T& G1 x/ n$ [3 | p! D# k4 }
1930 ($1) ($1) (0.8%) Smoot-Hawley. \2 E% H% p6 z! A9 W/ k; X( ~. x- o* x
1931 $0 $1 0.6% Dust Bowl
& x3 i# n4 u4 @6 c1932 $3 $3 4.5% Hoover tax hike
% x# D* N' O8 Q4 k1933 $3 $3 4.5% FDR New Deal
2 Q# Q2 {: d; {1 o( U" `! f1934 $4 $5 5.4% GDP up 10.8%, debt also rose6 H; e# R8 c' L5 b
1935 $3 $2 3.8% Social Security: D) M9 n* `6 ~1 ^9 J# R. G7 |7 C
1936 $4 $5 5.1% Tax hikes) L+ I+ K9 l, D ]' z+ m& d; Y; i
1937 $2 $3 2.4% Depression returned, third New Deal2 ^5 s6 S& ^4 Y
1938 $0 $1 0.1% Dust Bowl ended: O3 p8 s5 ~0 G2 T5 w5 f
1939 $3 $3 3.0% Depression ended
( b2 m# ]. H. }1940 $3 $3 2.8% Defense increased6 ?9 e2 q/ U6 M7 M
1941 $5 $6 3.8% Pearl Harbor# _9 w4 _1 d j- L" f! a9 X
1942 $21 $23 12.3% Battle of Midway6 F: F {; N% U3 S
1943 $55 $64 26.9% Defense tripled
$ U+ l2 k, T! R8 g1944 $48 $64 21.2% Bretton Woods. Z. [ `; j7 {" R. v
1945 $48 $58 20.0% WWII ended& Q8 l2 G; I" E) Q' @7 z$ S
1946 $16 $11 7.0% Recession4 h3 l! ?6 \! w
1947 ($4) ($11) (1.6%) Cold War- A. M. I. k% ?' N0 c
1948 ($12) ($6) (4.2%) Recession- K! \ y: ^% |4 G
1949 ($1) $0 (0.2%) Recession
; ?4 }0 C1 D5 S1950 $3 $5 1.0% Korean War: Y. j, L$ }9 Q7 @: r
1951 ($6) ($2) (1.7%) Expansion
" A, G$ x2 r7 `- P! U1952 $2 $4 0.4% Expansion/ i# q4 R/ \& B# W; Z2 j- z
1953 $6 $7 1.7% Korean War ended, recession& N2 G) C0 ` M8 G* H( `0 y
1954 $1 $5 0.3% Recession, Eisenhower budgets% B6 [ h) Y/ Y/ W& r* k
1955 $3 $3 0.7% Expansion" W0 G; K8 u, l' t" k
1956 ($4) ($2) (0.9%) Expansion
( A9 W* w2 g4 M/ c' u1957 ($3) ($2) (0.7%) Recession1 F+ S) o! H4 r X- x2 r8 W
1958 $3 $6 0.6% Recession ended
6 n" U' t% i: t) @1959 $13 $8 2.4% Fed raised rates
3 z4 x7 u' d' [0 \; H: E1960 $0 $2 (0.1%) Recession4 `! t" Q; j2 W" M. P# \
1961 $3 $3 0.6% JFK & Bay of Pigs
4 g9 q) k- Z( F& o% P3 f E. \' n% f1962 $7 $10 1.2% Cuban Missile Crisis
. S6 ?5 ?: d) N- x1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
, N9 @1 |% V9 W1 M/ e" I1964 $6 $6 0.9% LBJ War on Poverty$ P' S& b5 n' l. V2 S1 u8 T, @
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War! h; r/ @- x; H6 t6 B9 _& Z7 a
1966 $4 $3 0.5%
8 p1 f% Y% J$ T& E. l1967 $9 $6 1.0% Expansion8 W: T' O+ J% B% F3 t2 z q
1968 $25 $21 2.6% Moon landing
- X4 [8 [7 b3 x9 v% h* L& U( ~1969 ($3) $6 (0.3%) Nixon took office
* s6 p# H0 [& B1970 $3 $17 0.3% Recession2 u& _6 _# Y* ~8 a. x* u1 d
1971 $23 $27 2.0% Wage-price controls
) W, _+ [/ @& w: `3 q$ ]: V9 X1972 $23 $29 1.8% Stagflation/ R/ l) W% G% a5 X+ ~6 {" q
1973 $15 $31 1.0% End of gold standard# q! U- W4 y& @% @ x4 }% x
1974 $6 $17 0.4% Budget process created, Watergate
; Z$ F Q/ [) y! q4 v1975 $53 $58 3.1% Ford budget, Vietnam War ended" B" R5 r/ B& f9 k; g
1976 $74 $87 3.9% Stagflation
$ y3 [/ m; k8 b' t' v! V9 i1977 $54 $78 2.5% Stagflation! X! V5 e2 _: g0 d/ C" G
1978 $59 $73 2.5% Carter budget, Recession# \: e9 W. K* ]1 C8 P
1979 $41 $55 1.5% Recession
6 j3 p+ A: q- K" L- p1980 $74 $81 2.6% Volcker raised rates to 20%" w- e4 q* q3 _. H1 z: r. j
1981 $79 $90 2.4% Reagan tax cut
% |, H' A U+ W9 E$ F2 _8 N1982 $128 $144 3.8% Reagan increased spending
: `5 h1 r" Z' }" }% C1983 $208 $235 5.6% Jobless rate was 10.8%
( ]* H+ \% z3 Y" V3 o5 W% j) e) O1984 $185 $195 4.5% Increased defense spending
3 A, D) Q5 X3 ^& a$ h3 Z2 m1985 $212 $256 4.8% Increased defense spending
0 y8 l4 q: U- l6 B1986 $221 $297 4.8% Tax cut
. A0 w' u5 u0 H( M1 v9 A0 b1987 $150 $225 3.1% Market crash) M$ o! n% i A" z& U+ S" I( ^' O3 Q
1988 $155 $252 2.9% Fed raised rates
( Z& P* k6 t4 b6 E; g+ v1989 $153 $255 2.7% S&L Crisis, Bush 41 budget L3 F6 u# a/ N$ I) ^$ B
1990 $221 $376 3.7% Desert Storm
. ~$ v/ N! I5 h7 y( ^+ A& x1991 $269 $432 4.3% Recession4 B( P x) o, w; N+ |
1992 $290 $399 4.4% Expansion
5 w8 c, m8 S1 z. `' x1993 $255 $347 3.7% Clinton signed Budget Act
0 J Y. l+ Q) P" J) N1994 $203 $281 2.8% Clinton budget' Y l0 S2 p: Y+ u' u
1995 $164 $281 2.1% Expansion; R; D5 K6 D9 @; Y+ p
1996 $107 $251 1.3% Welfare reform
9 c$ |( y( e& G1 W. K; r8 f E2 M1997 $22 $188 0.3% Expansion
3 [$ E. D) ~0 y2 Z2 S1998 ($69) $113 (0.8%) LTCM crisis, recession3 m7 b( a& U& v$ l0 A
1999 ($126) $130 (1.3%) Glass-Steagall repealed T+ C0 C0 T# m" N; ?
2000 ($236) $18 (2.3%) Surplus+ w( _, ?$ z7 x$ D9 F
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA" z% \, P* X' {& \/ C/ u9 g4 \
2002 $158 $421 1.4% War on Terror6 l/ l5 a' f; Z/ j& J, V8 `
2003 $378 $555 3.3% JGTRRA
1 |, C: {& G) G8 u2 D0 ?5 ~2004 $413 $596 3.4% Iraq War
]0 e# l& R, a7 e0 }2005 $318 $554 2.4% Katrina, Bankruptcy Act2 q5 q; @( J5 _& y, A! o8 b
2006 $248 $578 1.8% Bernanke chairs Fed% o {, i! D: ^
2007 $161 $501 1.1% Bank crisis. |$ }/ N& i( Z* w" G/ c
2008 $459 $1,017 3.1% Bank bailout, QE3 q. M3 l' R) Z s
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
" p2 ?- R( k( H, D1 t# l6 l2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
; a t% ]0 u' m" X: l2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue! ~: I5 [( s1 Q$ s# q# C
2012 $1,087 $1,276 6.7% Fiscal cliff
* B% Q' l% k8 C. a5 x4 k2013 $679 $672 4.0% Sequester, government shutdown
, R& ^" [) d0 i2 X5 a7 i2014 $485 $1,086 2.7% Debt ceiling
, H) W1 \% B- y `# ?9 C' h4 u9 @2015 $438 $327 2.4% Defense = $736.4B
8 x) q& N2 o- g8 Y! W- s2016 $585 $1,423 3.1% Defense = $767.6B) P! N5 H4 |2 G; Q* | D
2017 $665 $672 3.4% Defense = $817.9B
" y. G$ Q% x/ O* i( P2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts: S) l4 E3 T2 n5 j" @' y
2019 $1,091 $1,314 NA Defense = $956.5B
) T: w4 ?: X% w. E) q7 b8 k0 X2020 $1,101 $1,281 NA Defense = $989B z4 l( E5 V+ ?' u
2021 $1,068 $1,276 NA NA
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