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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 8 e8 }9 w5 o" E- Z3 s& [
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2020财年美国预算赤字预计为1.1万亿美元
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n$ Y3 E. g6 B2 j! 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.1 E- A$ s1 i! M0 j
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 L1 ?/ _, i7 q5 Z# }6 A H/ S
% {4 r' W# G; G A- pFiscal Year Deficit (in billions) Debt Deficit/GDP Events" w3 R- s1 x/ X# S, {
1929 ($1) ($1) (0.7%) Market crash
& c+ c# B) _8 B0 N; U9 M, D1930 ($1) ($1) (0.8%) Smoot-Hawley, |2 z0 t9 y# c) G
1931 $0 $1 0.6% Dust Bowl( t; L& J& Q/ a) g( \2 _
1932 $3 $3 4.5% Hoover tax hike/ d$ V! p6 |" Z4 n5 R7 ~) { N
1933 $3 $3 4.5% FDR New Deal y' \* j1 ] R. n1 b2 T4 T
1934 $4 $5 5.4% GDP up 10.8%, debt also rose" v& i: h) G1 z7 h6 j& w' O: Y8 ^/ R2 G0 R
1935 $3 $2 3.8% Social Security) E4 V$ M# H% X5 Q0 u$ D
1936 $4 $5 5.1% Tax hikes
' @: |6 N0 y/ {# `* p9 Y" B1937 $2 $3 2.4% Depression returned, third New Deal
$ R" b- ~- l: v8 r1938 $0 $1 0.1% Dust Bowl ended) Z2 x5 f }' X* j4 {0 i8 S3 U& W
1939 $3 $3 3.0% Depression ended! u! v7 m- @3 u
1940 $3 $3 2.8% Defense increased
) s2 w: t' w/ {1941 $5 $6 3.8% Pearl Harbor5 f9 G* a4 e' ?* v, l' X
1942 $21 $23 12.3% Battle of Midway
2 X' \0 [) b$ a7 q* \* S1943 $55 $64 26.9% Defense tripled" n# L3 K9 c2 ?+ C$ P p
1944 $48 $64 21.2% Bretton Woods, Q- e. X+ e3 G. r& [. T8 p( O
1945 $48 $58 20.0% WWII ended
# S' Q l6 \+ W; e* L: a* _4 }1946 $16 $11 7.0% Recession0 p% Y, m$ ?1 o" `, I" P
1947 ($4) ($11) (1.6%) Cold War; B! I4 r5 i7 s- {- _
1948 ($12) ($6) (4.2%) Recession4 f9 `1 O1 I+ x( B) Q4 I
1949 ($1) $0 (0.2%) Recession
& @/ s/ G6 U8 V0 \( u- ?1 y1950 $3 $5 1.0% Korean War
/ d2 D+ P3 X' ]% k$ f9 z' o1951 ($6) ($2) (1.7%) Expansion
! f6 ~6 Z ], V, y/ N1 E, w7 o1952 $2 $4 0.4% Expansion
' m' O) v7 X' d. w1953 $6 $7 1.7% Korean War ended, recession
5 O* g7 ~7 K; T% Z, R8 F1954 $1 $5 0.3% Recession, Eisenhower budgets
: a9 {9 C& j- N' o% ^1955 $3 $3 0.7% Expansion
! V3 V+ `3 c/ O; z ~/ ?2 r R' z1956 ($4) ($2) (0.9%) Expansion
$ u& ?: E1 C9 k8 b. t1957 ($3) ($2) (0.7%) Recession
' m# |! g j& B' T1958 $3 $6 0.6% Recession ended
6 j4 n7 C/ M' a0 g8 I1 }1959 $13 $8 2.4% Fed raised rates4 E# W% _. J' E& }, I
1960 $0 $2 (0.1%) Recession
+ t* Q* ?) [+ K. j; ^7 z1961 $3 $3 0.6% JFK & Bay of Pigs8 D2 j$ u# v+ F2 ]4 {" f, ?
1962 $7 $10 1.2% Cuban Missile Crisis
- r, q6 N$ u" T+ {" L- w2 v1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
7 Y( A! W) x6 y3 h' n- T+ Y1964 $6 $6 0.9% LBJ War on Poverty: W5 J+ l9 W$ u1 E1 @* l( D
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War1 E" q& f% L' f) x
1966 $4 $3 0.5% 5 ^* j1 V! ?9 I. _
1967 $9 $6 1.0% Expansion
4 o3 J9 @$ E: b& e1968 $25 $21 2.6% Moon landing5 d% g1 W, d$ y# i X' O- Q( P4 i
1969 ($3) $6 (0.3%) Nixon took office
/ ^% P% Q' k4 [' g6 |' ^) k" _1970 $3 $17 0.3% Recession
' u3 [/ Y7 j: o/ X9 _1 ~1971 $23 $27 2.0% Wage-price controls
4 L* u9 ?# ^: h5 o L1972 $23 $29 1.8% Stagflation7 Y7 D. X$ P. q) J' m% R; f; R
1973 $15 $31 1.0% End of gold standard+ @, X6 s8 B$ E/ e# U
1974 $6 $17 0.4% Budget process created, Watergate, n9 Q5 \# s4 |5 m& v
1975 $53 $58 3.1% Ford budget, Vietnam War ended
) q8 \* t2 ]1 q# L* L* A! M1976 $74 $87 3.9% Stagflation) k; j2 g& s; y2 k' o
1977 $54 $78 2.5% Stagflation- P) }/ L, f% B
1978 $59 $73 2.5% Carter budget, Recession$ h, W+ L# Q8 ]1 W9 d
1979 $41 $55 1.5% Recession) W2 W. W; Z, R C7 D: V$ i# H
1980 $74 $81 2.6% Volcker raised rates to 20%
: b b$ _; d+ ~1 T. ]4 |1981 $79 $90 2.4% Reagan tax cut* u8 [- P4 R. }- W0 S5 I- n
1982 $128 $144 3.8% Reagan increased spending
* q+ ]! _9 J( m; c1983 $208 $235 5.6% Jobless rate was 10.8%8 f0 w- V" k2 x' w4 r
1984 $185 $195 4.5% Increased defense spending
4 Q4 b7 b( E; p1985 $212 $256 4.8% Increased defense spending
# [2 j2 Z+ K/ L0 p( p; c1986 $221 $297 4.8% Tax cut. U& B: o* p% r5 t
1987 $150 $225 3.1% Market crash; t( o. J. I% w$ ^" l( m9 _' L; f
1988 $155 $252 2.9% Fed raised rates
2 |: d% M' N+ I" k: c2 _% J1989 $153 $255 2.7% S&L Crisis, Bush 41 budget5 z# m* y+ k S( _* [) ]% G! ?
1990 $221 $376 3.7% Desert Storm
7 K, v/ n, L, X" i2 e1991 $269 $432 4.3% Recession
1 C; n' R. M; `" n/ J* j1992 $290 $399 4.4% Expansion
/ X0 x0 {6 ]# Y' r1993 $255 $347 3.7% Clinton signed Budget Act
' l& V. z' o3 O( n1994 $203 $281 2.8% Clinton budget$ Q9 |' x, }0 I$ p/ u$ n
1995 $164 $281 2.1% Expansion+ u& L/ C9 u+ f3 U1 r
1996 $107 $251 1.3% Welfare reform
. h; z: D2 c% M$ f% X; k1 _1997 $22 $188 0.3% Expansion6 [) t% [9 }' E) ~: E3 N0 N
1998 ($69) $113 (0.8%) LTCM crisis, recession
2 v& l, o& ]2 ]: g8 m- Q1999 ($126) $130 (1.3%) Glass-Steagall repealed
1 o( d$ W/ ^6 S5 C2000 ($236) $18 (2.3%) Surplus7 a9 x" p3 G, C% V+ s, W
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
3 g/ A {# \0 _( b' V2002 $158 $421 1.4% War on Terror; l& f0 Z& F, P
2003 $378 $555 3.3% JGTRRA& u" ~3 |! U% e% m( c9 @
2004 $413 $596 3.4% Iraq War
3 m( Z' D' p: y, j; t" n5 }2005 $318 $554 2.4% Katrina, Bankruptcy Act
+ o8 {) \' ?9 I5 x* D2006 $248 $578 1.8% Bernanke chairs Fed: _. M$ \( p+ `8 ~. Y
2007 $161 $501 1.1% Bank crisis
1 L, R f- _! Y+ F8 y8 m2008 $459 $1,017 3.1% Bank bailout, QE" Z0 D) |* `' r: E4 J+ n
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
& T# B3 K5 M6 n) G2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles4 R& f4 z7 U" }8 I J- G9 ^
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
6 U" R% S6 f! r+ r% a% ]2012 $1,087 $1,276 6.7% Fiscal cliff
8 F# T* d+ B( g8 O0 K2013 $679 $672 4.0% Sequester, government shutdown
6 @0 R# U8 [0 s" n' |2014 $485 $1,086 2.7% Debt ceiling' i0 p! p/ `9 |% X. F! E
2015 $438 $327 2.4% Defense = $736.4B5 P& ?* Q; n; ]( D, n& N
2016 $585 $1,423 3.1% Defense = $767.6B6 O" q r8 v# P" Y6 q8 D
2017 $665 $672 3.4% Defense = $817.9B1 c# Z6 j7 A% K: B7 N. O3 f
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts! Q b! V2 D3 F0 _' ?
2019 $1,091 $1,314 NA Defense = $956.5B
1 B6 q: m: d) f( g$ q2 p- m2020 $1,101 $1,281 NA Defense = $989B
3 a: q' w' `7 u2021 $1,068 $1,276 NA NA
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