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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. : |( _* W/ W Q/ e
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2020财年美国预算赤字预计为1.1万亿美元- Q! [6 c" t3 p; Z( [* J
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The first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.
p$ k# S! C& g9 ~* E( S* K4 w+ H* 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
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events) P$ C; Z: ]% K
1929 ($1) ($1) (0.7%) Market crash
0 V& l4 K7 H' l: O, j/ J1930 ($1) ($1) (0.8%) Smoot-Hawley
7 @6 S8 U3 b2 c8 E7 J4 Z1931 $0 $1 0.6% Dust Bowl% t. b! S* B: p
1932 $3 $3 4.5% Hoover tax hike6 v7 A$ e7 t- b/ d
1933 $3 $3 4.5% FDR New Deal( f5 _. {/ L2 f* N8 _6 K( \0 ~
1934 $4 $5 5.4% GDP up 10.8%, debt also rose
$ c9 w- r! m- V( @7 a% _6 r; w1935 $3 $2 3.8% Social Security" B) o9 Q$ G4 M" B, K% o( p$ e
1936 $4 $5 5.1% Tax hikes
1 r% j# U0 F+ {: E1937 $2 $3 2.4% Depression returned, third New Deal
$ ^7 H& q- B& l7 J1 L4 G1938 $0 $1 0.1% Dust Bowl ended( _8 y+ [6 c2 q5 J7 Q! I5 f* v) P
1939 $3 $3 3.0% Depression ended
9 p+ U! t# g# v( Y& g( S( k" R3 j1940 $3 $3 2.8% Defense increased) n- P. X8 e+ I b$ ]6 D( t
1941 $5 $6 3.8% Pearl Harbor
8 T5 M0 n$ B$ s! U, Q1942 $21 $23 12.3% Battle of Midway, [4 E) p+ j* h& i& n2 a7 d
1943 $55 $64 26.9% Defense tripled
$ O1 {& |- b$ F5 F2 }7 {1944 $48 $64 21.2% Bretton Woods6 |7 G) e/ V+ X* U7 l
1945 $48 $58 20.0% WWII ended. O; J6 z" p' }6 a n, b9 a3 @
1946 $16 $11 7.0% Recession/ I/ W) P+ H" r0 S
1947 ($4) ($11) (1.6%) Cold War8 i! n+ ^; \% A( ` Z( B% v* O
1948 ($12) ($6) (4.2%) Recession: l( o! L- F* ^, b% f# x r6 n
1949 ($1) $0 (0.2%) Recession
z$ Z; ]9 p1 b) K% T1950 $3 $5 1.0% Korean War
/ R8 {" [7 `0 h+ x8 D& n: L3 e1951 ($6) ($2) (1.7%) Expansion9 e3 M/ {3 c% w4 q
1952 $2 $4 0.4% Expansion
7 o6 `8 W" b* z- U9 B1953 $6 $7 1.7% Korean War ended, recession1 j: G' }) ]8 i9 |$ f8 l* M. g
1954 $1 $5 0.3% Recession, Eisenhower budgets
+ i; p" N4 Z3 q' U/ o1955 $3 $3 0.7% Expansion- }4 D5 A$ D( D- ~$ w; w! i5 m7 ]
1956 ($4) ($2) (0.9%) Expansion
( w- J2 B2 S" O2 l# a1957 ($3) ($2) (0.7%) Recession7 G: n( T# {, Q; Y: E) K1 n5 k* F
1958 $3 $6 0.6% Recession ended$ E- k8 h) B/ c7 B5 u
1959 $13 $8 2.4% Fed raised rates6 {: l) C/ F* Y) W% i
1960 $0 $2 (0.1%) Recession9 y8 x9 B3 W5 ~( u+ Q9 p
1961 $3 $3 0.6% JFK & Bay of Pigs6 s( P: |$ J" ]; M9 G% e
1962 $7 $10 1.2% Cuban Missile Crisis/ @; D0 _, c9 @/ @
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
6 Z' b1 `8 n" U) i E5 [9 ~0 U9 J1964 $6 $6 0.9% LBJ War on Poverty3 c5 j+ t% h5 A3 @' @: v" c
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War; R5 N: A# p! F( w! m( e u& o7 G" b6 F
1966 $4 $3 0.5%
& R, a6 b2 l' ^% X# Y- n- h* ?* V1967 $9 $6 1.0% Expansion3 N8 {# I! U; _% {* S5 U7 h
1968 $25 $21 2.6% Moon landing; r/ l) s1 `& f2 A+ s
1969 ($3) $6 (0.3%) Nixon took office, N8 g9 M! F* q8 p" x3 K; M2 r
1970 $3 $17 0.3% Recession
* y# O6 e/ C: J0 ^1971 $23 $27 2.0% Wage-price controls
# _: W" t- P' k& t+ ?3 N2 a6 K0 S: o1972 $23 $29 1.8% Stagflation
- M+ B+ f1 @! F9 k6 m% p1973 $15 $31 1.0% End of gold standard
3 ^+ p- p' w, s$ C$ h/ w1974 $6 $17 0.4% Budget process created, Watergate
7 d2 O# D$ i. N0 W3 K* i( s1975 $53 $58 3.1% Ford budget, Vietnam War ended7 b" q0 K8 Z- z- G* |
1976 $74 $87 3.9% Stagflation4 ]' ?- J3 X4 b0 a. v' A
1977 $54 $78 2.5% Stagflation) p7 |& P/ G0 q' n( ]
1978 $59 $73 2.5% Carter budget, Recession
9 z7 [6 @' q1 g) v1979 $41 $55 1.5% Recession( \( `1 O" l- D/ q1 Y8 _
1980 $74 $81 2.6% Volcker raised rates to 20%! S3 g C1 A1 i: v* I& a m
1981 $79 $90 2.4% Reagan tax cut* n6 V$ |( a! W; `5 B
1982 $128 $144 3.8% Reagan increased spending
; m$ ?; y9 Q8 A: z0 F i1983 $208 $235 5.6% Jobless rate was 10.8%6 T; P3 m0 k; w: v0 Y) L# B
1984 $185 $195 4.5% Increased defense spending
% ~3 ~, a7 y" H a! I$ b1985 $212 $256 4.8% Increased defense spending
' a5 g9 W: k. G0 [1986 $221 $297 4.8% Tax cut
* `6 i: C& d( a1987 $150 $225 3.1% Market crash4 G0 G0 R9 P& v- d, d6 h+ }, L- `
1988 $155 $252 2.9% Fed raised rates Z! `8 S' o- u$ s% X
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
3 p3 O. O* c+ W" E" }/ A1990 $221 $376 3.7% Desert Storm( Y/ u, v' X0 K2 M5 G
1991 $269 $432 4.3% Recession+ F9 a) Z* k/ h/ A- B6 p
1992 $290 $399 4.4% Expansion
- A7 x& ]7 j; q+ W/ T7 Z1993 $255 $347 3.7% Clinton signed Budget Act
, P8 b4 D# ~; i5 q+ K' ~1994 $203 $281 2.8% Clinton budget& E- ]4 h$ w9 @: b1 y) Y1 N4 N9 h
1995 $164 $281 2.1% Expansion
! x4 A4 ` O z/ r$ Y1996 $107 $251 1.3% Welfare reform
7 {, c k8 ?, Y1 ? A1997 $22 $188 0.3% Expansion
4 s7 `% M; ]: w" t: G1998 ($69) $113 (0.8%) LTCM crisis, recession
& X; E& w" C2 u' g1999 ($126) $130 (1.3%) Glass-Steagall repealed
8 W0 L' x+ l# |6 E8 c7 e2000 ($236) $18 (2.3%) Surplus
* V4 X. j( U9 ?. f( u2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA) m! B& {: B! g( x9 g
2002 $158 $421 1.4% War on Terror
! F8 F# Y, g8 @0 w. I: V2003 $378 $555 3.3% JGTRRA$ X& w* A, m# n* k
2004 $413 $596 3.4% Iraq War
( H) v! E! g( ~; A% S2005 $318 $554 2.4% Katrina, Bankruptcy Act& i B- c" p, e# ^# H- f2 T+ D: N/ w* a
2006 $248 $578 1.8% Bernanke chairs Fed) o) Y+ J! F2 s7 V
2007 $161 $501 1.1% Bank crisis
! }9 y; U. M6 C( r- E8 k c3 `) q2008 $459 $1,017 3.1% Bank bailout, QE( l+ L7 f0 S; U, ]7 y+ U
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
r5 A2 u$ w" Q" E1 d2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
+ e8 Z, T6 y) _2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue" ^/ e* @- l" e' H
2012 $1,087 $1,276 6.7% Fiscal cliff
( o# m( |' q) C' H' y! j2013 $679 $672 4.0% Sequester, government shutdown }3 Y7 f! V; ~
2014 $485 $1,086 2.7% Debt ceiling v; c. w7 ^2 z& H) t# X, }8 V+ n
2015 $438 $327 2.4% Defense = $736.4B
7 R0 H5 _9 |+ f( Y2 W2 w2016 $585 $1,423 3.1% Defense = $767.6B, e% Z: d2 T m! j8 U
2017 $665 $672 3.4% Defense = $817.9B
& \ I& S) C& R. X% i' T4 H# @2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts/ |' H+ w: k+ o" M
2019 $1,091 $1,314 NA Defense = $956.5B/ K, q2 M6 Q& o# q. `* z" z2 f, Q
2020 $1,101 $1,281 NA Defense = $989B
# z( I1 A' }4 E* w, U& V7 b2021 $1,068 $1,276 NA NA3 W _$ J6 D7 j, u$ \4 v
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