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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元
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The first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited. a6 }1 e3 h1 m4 z
第一列表示会计年度，其次是该年度的赤字（十亿）。其次是财政年度的债务增加，其次是赤字/ GDP。最后，列举了影响赤字的事件
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2 {# A' u" U8 k+ ^Fiscal Year Deficit (in billions) Debt Deficit/GDP Events3 X1 O/ f& ^. Q$ b, e
1929 ($1) ($1) (0.7%) Market crash
; l+ C' c5 h- Q1930 ($1) ($1) (0.8%) Smoot-Hawley) `9 I( j @$ c& E. `1 y
1931 $0 $1 0.6% Dust Bowl5 T0 } Z4 L0 R5 X' q! m+ N) z
1932 $3 $3 4.5% Hoover tax hike
$ G- ?9 r! s0 n3 V1 j4 b1933 $3 $3 4.5% FDR New Deal
+ s, E1 z" z" `! f# [1934 $4 $5 5.4% GDP up 10.8%, debt also rose
8 A4 @5 n% p) B3 G& V/ W; J1935 $3 $2 3.8% Social Security1 i# h" k/ N/ T9 {
1936 $4 $5 5.1% Tax hikes
% ?5 J$ u" g) {; W& F: U1937 $2 $3 2.4% Depression returned, third New Deal! h4 K8 q! u1 J" M+ E& _
1938 $0 $1 0.1% Dust Bowl ended
9 S% p! V/ s. U: h$ U1 G1939 $3 $3 3.0% Depression ended
# P+ ^$ k/ D+ W+ B; R. V; z( s6 B1940 $3 $3 2.8% Defense increased6 S5 n d. u. l* D1 X
1941 $5 $6 3.8% Pearl Harbor
, y9 |- T( o' P9 S4 N7 Y" K$ `& Q1942 $21 $23 12.3% Battle of Midway
+ O9 j3 z- s- ~1943 $55 $64 26.9% Defense tripled4 q9 b- m$ @5 b1 H/ J
1944 $48 $64 21.2% Bretton Woods$ q9 |5 E/ a# L
1945 $48 $58 20.0% WWII ended
" f7 Z3 C' f4 C/ c) Y1946 $16 $11 7.0% Recession- L7 T1 U* [# H+ a/ J% J d
1947 ($4) ($11) (1.6%) Cold War. z7 D3 k S) L. ~+ o3 u7 N
1948 ($12) ($6) (4.2%) Recession7 K" `* V7 ~7 e( p2 K& u: E& G/ ]$ G
1949 ($1) $0 (0.2%) Recession0 X. C, X. [+ }/ H# z* L" T% @
1950 $3 $5 1.0% Korean War
. Y- i2 o: W' s# i f, o$ f# J* ~+ @1951 ($6) ($2) (1.7%) Expansion1 @) |5 r; Y" J8 M% ^
1952 $2 $4 0.4% Expansion- J8 o7 B* `( d1 f
1953 $6 $7 1.7% Korean War ended, recession; d2 u+ i) e0 C) D
1954 $1 $5 0.3% Recession, Eisenhower budgets
1 Y. z# A/ H a- ]" c1955 $3 $3 0.7% Expansion* s: @# n* j u8 p2 u$ a) f
1956 ($4) ($2) (0.9%) Expansion) e$ W% V3 g) G, k0 t' d8 g
1957 ($3) ($2) (0.7%) Recession
; J) D: {$ ~+ R4 f7 k1 s0 }6 b1958 $3 $6 0.6% Recession ended
1 i2 n3 u, e3 Z1 K) W! L1959 $13 $8 2.4% Fed raised rates
7 X* b Q$ J& R6 n3 k1960 $0 $2 (0.1%) Recession
3 J6 J. Y, y1 S0 X' R$ g0 Y1961 $3 $3 0.6% JFK & Bay of Pigs
; ~2 S+ M1 L$ ~- K- n E) M1962 $7 $10 1.2% Cuban Missile Crisis; C: _9 d+ e8 d' @) \3 A
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed$ j% k I. Y' F$ I
1964 $6 $6 0.9% LBJ War on Poverty
' s8 v' T9 `( N, W; f/ T1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
3 s z5 V: m/ V F7 \8 B+ V+ L; \1966 $4 $3 0.5% 6 p' H# ]# N: H' h; ~$ C* ]
1967 $9 $6 1.0% Expansion
+ D7 p5 o ~9 l1 u1 Z6 ?7 `& H C1968 $25 $21 2.6% Moon landing7 ~1 g5 h) u: X/ l" ]
1969 ($3) $6 (0.3%) Nixon took office
2 z) B- B6 v6 u9 Y( |3 ~1970 $3 $17 0.3% Recession* b2 f, {( [( X; z7 E
1971 $23 $27 2.0% Wage-price controls& U7 R; t5 A* h$ J
1972 $23 $29 1.8% Stagflation7 a; K1 I9 n4 \7 {( X3 b$ l! I
1973 $15 $31 1.0% End of gold standard- G! T. C7 v& o
1974 $6 $17 0.4% Budget process created, Watergate3 h7 n* C5 G2 Z
1975 $53 $58 3.1% Ford budget, Vietnam War ended: ]2 p2 h+ o. @( a7 N
1976 $74 $87 3.9% Stagflation8 c$ X+ y' k& i6 d0 `( z9 u" C' T
1977 $54 $78 2.5% Stagflation
y& w1 q& B0 m4 F! m1978 $59 $73 2.5% Carter budget, Recession
- y8 F4 K0 D1 }1979 $41 $55 1.5% Recession) h; i! m/ t* {8 }8 H2 L- F
1980 $74 $81 2.6% Volcker raised rates to 20%
3 N7 q& p. f) E/ M _2 Y2 K1981 $79 $90 2.4% Reagan tax cut
& N0 x1 [, y3 _ k* c1 q7 I1982 $128 $144 3.8% Reagan increased spending, w! P8 ]7 H1 }) P# ?
1983 $208 $235 5.6% Jobless rate was 10.8%1 h- x/ Q$ j* ^$ R& z
1984 $185 $195 4.5% Increased defense spending) K9 V4 U8 {, w' e Y( L! E
1985 $212 $256 4.8% Increased defense spending
3 [# R1 C. M3 ~) [. w7 {1986 $221 $297 4.8% Tax cut
3 t* v0 q, N$ k) W8 f1987 $150 $225 3.1% Market crash7 J, d: a) x' K% X7 L
1988 $155 $252 2.9% Fed raised rates
! t) b# M7 |9 T9 Z7 @5 n7 ]1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
# ?7 ~: v v6 |: \5 m: X; E' Z5 p1990 $221 $376 3.7% Desert Storm
1 t3 h Y9 Y2 B Z1991 $269 $432 4.3% Recession
6 I/ Y( h9 A1 X3 G' e h& ^: }7 x1992 $290 $399 4.4% Expansion0 l0 q# N2 o/ c2 V6 R8 P' R
1993 $255 $347 3.7% Clinton signed Budget Act
4 p- \& s* S$ P- J1994 $203 $281 2.8% Clinton budget* K* p6 [; K5 Z9 @
1995 $164 $281 2.1% Expansion# ?" }& }! |- S$ z/ `) U
1996 $107 $251 1.3% Welfare reform5 o) F7 g% F* P. j3 W6 u$ u! \% N: j9 t
1997 $22 $188 0.3% Expansion- j0 m# W( O1 o* i5 U0 l0 c6 `
1998 ($69) $113 (0.8%) LTCM crisis, recession
8 H5 C0 V. k5 c- d5 p* E1999 ($126) $130 (1.3%) Glass-Steagall repealed
& T- W3 A- t' H9 v2000 ($236) $18 (2.3%) Surplus+ d, ^ v) X9 u5 r# U7 d( Q- N
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA* M6 w$ M$ ?8 B( U
2002 $158 $421 1.4% War on Terror/ k8 a- A- e# V9 `3 @$ Q7 o8 P, e1 d
2003 $378 $555 3.3% JGTRRA
; l2 ~0 _( c x' V- g9 `2004 $413 $596 3.4% Iraq War
5 l* B1 S& [$ j9 t' F% J$ Z" x& Y1 d2005 $318 $554 2.4% Katrina, Bankruptcy Act2 @9 {' {0 E0 `5 X+ y
2006 $248 $578 1.8% Bernanke chairs Fed
( v/ H$ b" h) C) Y2007 $161 $501 1.1% Bank crisis
' e# C" J; U5 a4 _! k5 E2008 $459 $1,017 3.1% Bank bailout, QE" p% M3 |7 _6 m3 \- Y2 o5 b: B
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B8 |/ j: M# m7 F- i5 A( Y+ Q) f# r' i
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles. o$ b* A; j6 A) V) {
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
! Z/ R. Q" o7 W- E% T1 |6 ^# l2012 $1,087 $1,276 6.7% Fiscal cliff
$ e2 |; k- v6 [6 f$ @0 S% e& `2013 $679 $672 4.0% Sequester, government shutdown) z5 B: P7 \3 M" t) D* r( \6 ^ I, g
2014 $485 $1,086 2.7% Debt ceiling
$ B' g* s. i. S2015 $438 $327 2.4% Defense = $736.4B
- R5 G9 e, x# X% U2016 $585 $1,423 3.1% Defense = $767.6B
, V: E8 m3 |( t9 L+ i2017 $665 $672 3.4% Defense = $817.9B
5 x! A; Y# F% r! X2 [. m2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
+ D7 q/ a4 F7 Z( H2019 $1,091 $1,314 NA Defense = $956.5B
$ s/ v) I8 I( y. V4 _: G" ~1 u" ~" c2020 $1,101 $1,281 NA Defense = $989B
' g. ?/ p- \8 H4 Z2 i2021 $1,068 $1,276 NA NA
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