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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 8 {' G1 k# a2 f
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2020财年美国预算赤字预计为1.1万亿美元1 l8 l0 Z1 n' f6 A) h' t0 r# }7 _1 ?
& s0 T0 G. ?4 pThe first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.. s1 r4 y! s# Q8 D' r) z0 d1 u( w
第一列表示会计年度，其次是该年度的赤字（十亿）。其次是财政年度的债务增加，其次是赤字/ GDP。最后，列举了影响赤字的事件$ D2 ]9 B: r! h' v9 J" V" f
5 ~! A* d% I; y. i# R& v* GFiscal Year Deficit (in billions) Debt Deficit/GDP Events, g& a) G9 t0 S4 Z
1929 ($1) ($1) (0.7%) Market crash& r$ x+ {9 p5 R& i5 X" h! R6 i
1930 ($1) ($1) (0.8%) Smoot-Hawley
' t, W: N* i8 w# d5 T1 D( F" i1931 $0 $1 0.6% Dust Bowl
! N% O4 q& z8 W" S' a- N" t1932 $3 $3 4.5% Hoover tax hike
# Q" d& i; T: T4 E5 b3 ~9 V% k1 A1933 $3 $3 4.5% FDR New Deal! j8 T. _: J* A5 l% b
1934 $4 $5 5.4% GDP up 10.8%, debt also rose' u' O' }" O' B
1935 $3 $2 3.8% Social Security% U6 A. e! Q/ B$ V/ b2 i, Q% V
1936 $4 $5 5.1% Tax hikes5 }8 Y$ q9 K0 D$ D$ w; `$ V
1937 $2 $3 2.4% Depression returned, third New Deal: }% A; e8 z5 m2 Y" e, S$ b
1938 $0 $1 0.1% Dust Bowl ended
. ~' N' _ p: U9 o& D1939 $3 $3 3.0% Depression ended
) [5 P. F0 Q' f7 A1 Y1940 $3 $3 2.8% Defense increased
' V: W+ r# q; g9 u7 Y1941 $5 $6 3.8% Pearl Harbor% l1 _* g- g) E" A& m
1942 $21 $23 12.3% Battle of Midway
& P% g) y! f7 b2 h. U1943 $55 $64 26.9% Defense tripled2 X! h! x: j5 {+ r, A% C! {
1944 $48 $64 21.2% Bretton Woods7 M1 z: I6 }$ J9 n" b C1 F
1945 $48 $58 20.0% WWII ended
" O3 q4 s5 d* R" P! B% y, C1946 $16 $11 7.0% Recession
' R8 k5 E# h; U$ z5 ?. g1947 ($4) ($11) (1.6%) Cold War
( s9 ?& s f: J* |, b1948 ($12) ($6) (4.2%) Recession
8 ^9 Z# w3 T/ V, N9 _4 s1949 ($1) $0 (0.2%) Recession
9 s( z+ M s; w% h- c6 W1950 $3 $5 1.0% Korean War+ a; N0 c# E0 U" l! {
1951 ($6) ($2) (1.7%) Expansion
% J: J4 @: G! {0 g& |7 I! G7 j1952 $2 $4 0.4% Expansion, x# D y/ U3 L2 v) b, d5 m' D
1953 $6 $7 1.7% Korean War ended, recession2 s p3 i) p9 a% _
1954 $1 $5 0.3% Recession, Eisenhower budgets; I4 H# e6 ]7 o6 t: V. I0 w8 O+ V
1955 $3 $3 0.7% Expansion
4 l! z9 j1 r' Q$ W# O1956 ($4) ($2) (0.9%) Expansion
, l% x1 n' V- c( C2 O. x& E1957 ($3) ($2) (0.7%) Recession
( K+ [3 U: F& z' [1958 $3 $6 0.6% Recession ended
$ l* m3 n, G9 D i( }& ^5 r- N1959 $13 $8 2.4% Fed raised rates
2 L, s& M3 z: J9 P% A, C X& t1960 $0 $2 (0.1%) Recession
# I, s8 @: w" ?1961 $3 $3 0.6% JFK & Bay of Pigs, v0 i% ^6 Q- C* {* l! C' ]' {/ |: o
1962 $7 $10 1.2% Cuban Missile Crisis7 V; O1 F- |. V$ `) m2 K
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
; \- W/ m4 ~& W1964 $6 $6 0.9% LBJ War on Poverty
" U: B2 v4 M ~' |) n1 ^1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
0 q5 U2 K' r2 I' |1966 $4 $3 0.5%
. V+ i! _! K2 Y* I. o1967 $9 $6 1.0% Expansion
" M' h0 T7 e8 d c& Y. B w1968 $25 $21 2.6% Moon landing
' Q5 t) v2 n4 D1969 ($3) $6 (0.3%) Nixon took office
; s3 f+ ~. W% a$ y( j9 h* r4 `1970 $3 $17 0.3% Recession
2 ?. `; o: K- P1 Y: j" M" o, J1971 $23 $27 2.0% Wage-price controls
; c- a h8 k* I# l M1972 $23 $29 1.8% Stagflation
: ^( F- v, U u0 g& m# L3 I1973 $15 $31 1.0% End of gold standard
) j# u' D: ^9 a. k- {- ~) S3 y" E% N1974 $6 $17 0.4% Budget process created, Watergate8 j; Q6 v/ ]7 {- a8 ^- v2 f# c: |
1975 $53 $58 3.1% Ford budget, Vietnam War ended F6 p+ y% `: |3 @' Z
1976 $74 $87 3.9% Stagflation
+ z; y4 L6 ?8 p: N" }7 \3 Y) `: ~1977 $54 $78 2.5% Stagflation: {4 r+ v Y5 [3 t A* w
1978 $59 $73 2.5% Carter budget, Recession
7 J R1 ~6 K) r6 R- i1979 $41 $55 1.5% Recession
1 z1 l) L% c8 R( {# j1 F' J1980 $74 $81 2.6% Volcker raised rates to 20%
' U5 q7 _' q/ d7 K$ C1981 $79 $90 2.4% Reagan tax cut
- E5 J* A( w/ L1982 $128 $144 3.8% Reagan increased spending' v$ Z9 H. r+ u
1983 $208 $235 5.6% Jobless rate was 10.8% l) v4 ~; N7 `$ l& N
1984 $185 $195 4.5% Increased defense spending
% z: U6 w$ i% `$ a$ v& c7 G1985 $212 $256 4.8% Increased defense spending
* e6 x: \: `& `, ]5 c2 P1986 $221 $297 4.8% Tax cut* X' X- w. z. {/ b; I* @% O
1987 $150 $225 3.1% Market crash
b" _8 X' `" N: N1988 $155 $252 2.9% Fed raised rates
2 s e* {1 @: F [: G1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
z/ d7 j% M3 o+ `1990 $221 $376 3.7% Desert Storm; ]" s( f0 V6 u
1991 $269 $432 4.3% Recession! m5 L% n0 r# y
1992 $290 $399 4.4% Expansion: L$ p9 h+ [# K3 o3 n% n
1993 $255 $347 3.7% Clinton signed Budget Act' Z0 K: k I) j7 s: a
1994 $203 $281 2.8% Clinton budget* q1 I. F* J" @
1995 $164 $281 2.1% Expansion
& t) R4 `) |" r3 o# J1996 $107 $251 1.3% Welfare reform( B4 H& Q8 w( [- w: c" b% K
1997 $22 $188 0.3% Expansion
# m+ |0 v9 d E, ^1998 ($69) $113 (0.8%) LTCM crisis, recession
" F: Z1 ^5 G' |2 E8 F8 ~" h1999 ($126) $130 (1.3%) Glass-Steagall repealed
! p# D5 q e p2 W$ W1 q4 i2000 ($236) $18 (2.3%) Surplus( b2 z4 i7 ^, C A
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA- B7 u. [5 Q) s7 Z7 a! j" n
2002 $158 $421 1.4% War on Terror
! g2 f% Y; S, s( `% [4 q, D0 y2003 $378 $555 3.3% JGTRRA
* ]: k2 d9 S% z# w+ f1 K2004 $413 $596 3.4% Iraq War( m1 B, m0 k) U9 m2 I0 G8 t
2005 $318 $554 2.4% Katrina, Bankruptcy Act5 F2 G* W) ? F
2006 $248 $578 1.8% Bernanke chairs Fed5 b. Q* ^7 o" u
2007 $161 $501 1.1% Bank crisis9 v8 l* o4 z$ \. \2 w' R8 G$ h
2008 $459 $1,017 3.1% Bank bailout, QE" J! P6 O) s+ L. y8 `- D7 \
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
$ A9 b, T1 W7 \/ ]$ v; U5 l U" @2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
: e& ~: Y/ Z8 D* R) c2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue+ ~) W+ {* E/ \3 J9 Q
2012 $1,087 $1,276 6.7% Fiscal cliff
X" S, C7 R9 l1 r, N# J2 W2013 $679 $672 4.0% Sequester, government shutdown& o# v& j6 |* Z4 t% _
2014 $485 $1,086 2.7% Debt ceiling5 i G; p' F7 }* U2 r4 c
2015 $438 $327 2.4% Defense = $736.4B
2 c2 n0 y. r' o% g- l' ^7 X2016 $585 $1,423 3.1% Defense = $767.6B
3 [: n! \8 v- k) Z' G5 R' h' m7 c2017 $665 $672 3.4% Defense = $817.9B$ Y9 S* B; _ l: h* E
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts1 L8 Z( T, t" t% G% F3 B3 r
2019 $1,091 $1,314 NA Defense = $956.5B
1 Y. |7 C0 A. ?8 A2020 $1,101 $1,281 NA Defense = $989B
' y# \: P) l+ e- S7 u r* H2021 $1,068 $1,276 NA NA
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