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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元2 @+ I; v1 @1 O K
+ z) V4 }3 Z {$ z8 D# p5 n: ?. _, ^The 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.
5 a# Y3 Y5 L j7 H5 L; k7 j7 \* ] 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# e* y6 m6 i; ]8 o' G
5 b |: s2 G, P0 N9 _4 LFiscal Year Deficit (in billions) Debt Deficit/GDP Events
1 R- P9 Q" Q0 ~: N6 u1929 ($1) ($1) (0.7%) Market crash) h) \+ ?5 d8 a/ Z7 Q7 c
1930 ($1) ($1) (0.8%) Smoot-Hawley6 A; Y1 i- t9 N- L
1931 $0 $1 0.6% Dust Bowl
9 y' C7 T; y" D1932 $3 $3 4.5% Hoover tax hike# f: Y$ T. G$ ^0 i. z$ z2 {. p
1933 $3 $3 4.5% FDR New Deal
' _% q8 M2 u8 z9 R6 e5 E+ C1934 $4 $5 5.4% GDP up 10.8%, debt also rose% a7 {6 V4 T- g& g9 X7 l, e
1935 $3 $2 3.8% Social Security1 _( Q. i9 _. q0 D& i* N
1936 $4 $5 5.1% Tax hikes
* T/ r7 J9 V. e, H. C U; W3 P1937 $2 $3 2.4% Depression returned, third New Deal. P! x" A- H! k
1938 $0 $1 0.1% Dust Bowl ended
5 g7 M, o4 N( V7 D& ~; K7 H' {0 {1939 $3 $3 3.0% Depression ended
( z Z' ^) v( Y* k/ q$ M- x1940 $3 $3 2.8% Defense increased
' a. @( `0 F% [ U3 L1941 $5 $6 3.8% Pearl Harbor
3 r, ~: ^9 L0 U4 Z; r" a6 W7 n1942 $21 $23 12.3% Battle of Midway2 }+ ~3 I4 t }2 b% P7 c$ i g Z
1943 $55 $64 26.9% Defense tripled
4 @6 _5 a# r; q& w: g- p* ?1944 $48 $64 21.2% Bretton Woods
7 S& w2 Y/ t6 I- \3 e7 p/ m1945 $48 $58 20.0% WWII ended, q; `5 g8 y$ |7 [3 M; l4 F
1946 $16 $11 7.0% Recession l; B' P' W" E9 k
1947 ($4) ($11) (1.6%) Cold War
% a. B: ^1 o* { |5 G1948 ($12) ($6) (4.2%) Recession! L3 [$ a; t4 Q0 d
1949 ($1) $0 (0.2%) Recession
' m9 a( W# i4 |/ M7 _6 E5 E+ o1950 $3 $5 1.0% Korean War- J. K+ [5 P( F1 A7 {2 P1 X
1951 ($6) ($2) (1.7%) Expansion
o7 L7 X. A& h8 S$ Y. Z, w, q1952 $2 $4 0.4% Expansion
0 Q; R2 k& L% {# _% }; u1953 $6 $7 1.7% Korean War ended, recession
' q/ Y7 O( Q U1954 $1 $5 0.3% Recession, Eisenhower budgets R! g% E/ T0 b$ V- s7 o
1955 $3 $3 0.7% Expansion
2 L" c. n& v: K% Y, C8 G$ \1956 ($4) ($2) (0.9%) Expansion
# M" ~% q* L5 q$ F3 }! o1 ]0 d1957 ($3) ($2) (0.7%) Recession% j* {4 b2 e/ Z
1958 $3 $6 0.6% Recession ended
& J& \2 ^* o- u' q l, }8 q0 z/ s1959 $13 $8 2.4% Fed raised rates
2 K) Q! P, F* z+ R8 s4 O1960 $0 $2 (0.1%) Recession% W/ n: z% W* j) r/ b# I
1961 $3 $3 0.6% JFK & Bay of Pigs c; E* D/ t0 T. c$ v5 A
1962 $7 $10 1.2% Cuban Missile Crisis
- s/ z# C5 _4 j5 p( d1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed v" M8 r3 g( y$ }/ z- K7 Y
1964 $6 $6 0.9% LBJ War on Poverty
; `3 K' E0 v) W i. C% L. z1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
# q6 R0 i' ]1 s _7 S/ U6 Z: S- y1966 $4 $3 0.5% ) x( n, d+ | B4 h
1967 $9 $6 1.0% Expansion* ^% N, X" T- \
1968 $25 $21 2.6% Moon landing8 [* f, m, a; U$ ^
1969 ($3) $6 (0.3%) Nixon took office
3 W) P$ ]; ` [' P7 g1970 $3 $17 0.3% Recession. O# f! f8 z7 @6 ~4 e) t% ?
1971 $23 $27 2.0% Wage-price controls
0 p! X9 D7 W% g, {8 w! k1972 $23 $29 1.8% Stagflation
" ~* w: H' }8 {# D0 ?8 I1973 $15 $31 1.0% End of gold standard8 Y1 e. K7 @8 n
1974 $6 $17 0.4% Budget process created, Watergate3 W" [9 s6 r Y1 z
1975 $53 $58 3.1% Ford budget, Vietnam War ended
0 n; m% T! E7 b2 Z! ?1 ?& r) I! ]2 Q1976 $74 $87 3.9% Stagflation
! v, V1 k, u0 N1977 $54 $78 2.5% Stagflation
! U* [0 U! h$ v1 M, i) c$ {1978 $59 $73 2.5% Carter budget, Recession/ z0 G8 D P# T. m7 s( @
1979 $41 $55 1.5% Recession! m6 b6 s9 z( F$ R/ B& i
1980 $74 $81 2.6% Volcker raised rates to 20%! i: e! f/ O6 v# G" R, _
1981 $79 $90 2.4% Reagan tax cut: A0 }0 @! K- w; j
1982 $128 $144 3.8% Reagan increased spending
( `6 t) `) X1 S6 l2 w! E7 ? `7 t1983 $208 $235 5.6% Jobless rate was 10.8%. D* L6 I7 ]6 [) f3 T- W$ g( `
1984 $185 $195 4.5% Increased defense spending
3 J L- _4 m5 x8 j: Q1985 $212 $256 4.8% Increased defense spending2 H9 N# p, U2 x7 V1 F3 m3 k
1986 $221 $297 4.8% Tax cut* g% T/ y0 p5 Y+ l! w
1987 $150 $225 3.1% Market crash# r- N( r. B, i7 R5 E. V: {# X
1988 $155 $252 2.9% Fed raised rates/ C" z5 n% V. }, z' u- M% o
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget# X" C: z$ ]( j; A, K9 W5 \
1990 $221 $376 3.7% Desert Storm& S8 C8 ?" r! Y9 M# N
1991 $269 $432 4.3% Recession7 b& L) o4 |* _. r, o
1992 $290 $399 4.4% Expansion8 N c9 {" s( q0 `
1993 $255 $347 3.7% Clinton signed Budget Act
& o3 l7 a% S+ Y8 G7 g1994 $203 $281 2.8% Clinton budget" ?* @0 F4 g- L/ j
1995 $164 $281 2.1% Expansion
; ~# j( i$ e" X, t. W6 |* n1996 $107 $251 1.3% Welfare reform
1 D+ l# V v9 x* k& @; [2 P: P% z1997 $22 $188 0.3% Expansion
! G b' g; `+ ^. @, u% [1998 ($69) $113 (0.8%) LTCM crisis, recession
; q( X7 r9 {/ o1 Y1 \1999 ($126) $130 (1.3%) Glass-Steagall repealed
, W8 Y& C. }, C2 ^' B+ t" d2000 ($236) $18 (2.3%) Surplus% K6 L4 h: J; S$ Z
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
- u5 f) g* Y f2002 $158 $421 1.4% War on Terror7 ]- A/ z2 v: Z+ Z& k% g) G
2003 $378 $555 3.3% JGTRRA
& ~) D! r: z/ I3 E, ]2004 $413 $596 3.4% Iraq War; q: I6 y! z6 _6 z
2005 $318 $554 2.4% Katrina, Bankruptcy Act
) O/ T5 x2 i M6 }5 J2006 $248 $578 1.8% Bernanke chairs Fed
% i7 B" u' K" u0 c: p, }& e9 Q2007 $161 $501 1.1% Bank crisis
% H r( C( y8 x! L% J2008 $459 $1,017 3.1% Bank bailout, QE' u1 S0 u" [$ v( Y: N9 {
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B( V& {- s2 D7 ]
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles! Q# }# K5 @2 w7 R+ Y
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue$ w# v$ t( R0 p
2012 $1,087 $1,276 6.7% Fiscal cliff
" k @& d/ j9 w( x! c2013 $679 $672 4.0% Sequester, government shutdown
4 ]% f* c7 f2 h: N2 h2014 $485 $1,086 2.7% Debt ceiling
2 @ L2 f- f" B4 {! `" e# s; }9 X1 u2015 $438 $327 2.4% Defense = $736.4B
; h% b; N" y$ r5 a! F, r, B2016 $585 $1,423 3.1% Defense = $767.6B
2 D7 p- p- @2 n4 _$ m u: s9 H; }2017 $665 $672 3.4% Defense = $817.9B
4 ]* C5 t" M! w$ Y9 A) q' n8 K2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts8 w K E+ x- }3 H
2019 $1,091 $1,314 NA Defense = $956.5B
, F' E. G" Q6 ?1 L2020 $1,101 $1,281 NA Defense = $989B! c' I! d$ T+ ]) u2 Z4 e& y
2021 $1,068 $1,276 NA NA
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