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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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9 ^% U7 O( {/ L2020财年美国预算赤字预计为1.1万亿美元- F/ S1 @' @: _! s, t* z( o# G2 w
) ~' w2 J: J. [! o5 vThe first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.5 o% r. N! y# C+ M" p+ a- ]
第一列表示会计年度,其次是该年度的赤字(十亿)。其次是财政年度的债务增加,其次是赤字/ GDP。最后,列举了影响赤字的事件9 i w$ P1 [$ k- J+ a7 e8 M
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events) S: ]5 \$ E; L' B+ I0 W. H9 g
1929 ($1) ($1) (0.7%) Market crash/ g& {6 ]" L0 V: C! t: ?
1930 ($1) ($1) (0.8%) Smoot-Hawley
! D% o9 ?% p& d' |5 i2 t1931 $0 $1 0.6% Dust Bowl5 z! f* j Y; g; O$ E
1932 $3 $3 4.5% Hoover tax hike+ L4 E1 _) T3 E- C
1933 $3 $3 4.5% FDR New Deal
7 S; T$ @; g' ~5 ^+ e! y2 [1934 $4 $5 5.4% GDP up 10.8%, debt also rose
& a9 }0 e7 r( g/ t1935 $3 $2 3.8% Social Security
. o: i+ m, h: ^8 F; _- H) p0 c1936 $4 $5 5.1% Tax hikes
5 d% t0 c1 G8 H' \1937 $2 $3 2.4% Depression returned, third New Deal$ O, n! j9 O& A3 F [6 X; a
1938 $0 $1 0.1% Dust Bowl ended7 i2 d& I# }; E
1939 $3 $3 3.0% Depression ended
/ W7 a0 a: r! C5 X" o1940 $3 $3 2.8% Defense increased& s. y- n; `; }
1941 $5 $6 3.8% Pearl Harbor7 F* l$ L0 f+ F
1942 $21 $23 12.3% Battle of Midway
! \* u) W# s5 @( ]- y7 i1943 $55 $64 26.9% Defense tripled
( |. Y. |% _, u6 t% B! J$ d1944 $48 $64 21.2% Bretton Woods& d( I3 G; P: M/ d
1945 $48 $58 20.0% WWII ended4 G* d! o' h" k; J" E1 {) ?5 V
1946 $16 $11 7.0% Recession
2 x$ a4 {. U O1 h5 b0 p) v1947 ($4) ($11) (1.6%) Cold War
# q$ `8 c$ W7 V* ~1 _1948 ($12) ($6) (4.2%) Recession' F( B3 b/ d3 S+ z# k1 C' ^/ A
1949 ($1) $0 (0.2%) Recession2 E9 ]% I# v( \! P
1950 $3 $5 1.0% Korean War
9 V, J Y# c7 e7 O7 H) r2 Y1951 ($6) ($2) (1.7%) Expansion# ~9 g# N8 F( G1 @. @
1952 $2 $4 0.4% Expansion: w) |. g. i9 _# [1 F/ S* ^
1953 $6 $7 1.7% Korean War ended, recession7 ~. }* c8 |6 _% G3 X
1954 $1 $5 0.3% Recession, Eisenhower budgets8 X8 w! A* w$ L: D
1955 $3 $3 0.7% Expansion
9 b, }, g$ T0 |& o- G" U1956 ($4) ($2) (0.9%) Expansion$ M2 G5 ?1 F. g" A5 a
1957 ($3) ($2) (0.7%) Recession4 C: k% e' V% x' v
1958 $3 $6 0.6% Recession ended; }/ @. P8 N: h+ f/ \% {
1959 $13 $8 2.4% Fed raised rates
4 n9 f" w3 a4 p" w1960 $0 $2 (0.1%) Recession5 E! b, [+ u* ^. e' c9 P
1961 $3 $3 0.6% JFK & Bay of Pigs
8 @" a- T7 ~6 f, K1962 $7 $10 1.2% Cuban Missile Crisis1 Z* d$ D q' G% Z0 p
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
7 {) E5 h6 Q3 B0 l! `: J1964 $6 $6 0.9% LBJ War on Poverty
$ _2 T- C$ Y; I0 Q: f1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
6 R4 ]: C! O7 K$ Q3 H1966 $4 $3 0.5%
" U1 s) }! M# B$ m& U: r* Y1967 $9 $6 1.0% Expansion. c! @- e, I7 p8 j K. u
1968 $25 $21 2.6% Moon landing
+ M3 N! a6 L; ^4 T8 ]! r1969 ($3) $6 (0.3%) Nixon took office4 h5 w" `( C: ?. f
1970 $3 $17 0.3% Recession
) e" U* P4 h: b' Z: S t; v( F' _1971 $23 $27 2.0% Wage-price controls, P7 h% ^ J2 T- u) R
1972 $23 $29 1.8% Stagflation
1 r* ]1 V4 o1 U: p1973 $15 $31 1.0% End of gold standard
4 z: m8 b, R" c: Z# b$ |1974 $6 $17 0.4% Budget process created, Watergate" f2 e9 Y6 B) S ~8 H0 p# \ v5 x
1975 $53 $58 3.1% Ford budget, Vietnam War ended
' H. Y# b# _4 {1976 $74 $87 3.9% Stagflation
4 |4 t5 }! Q, q! Z# \; e/ _1977 $54 $78 2.5% Stagflation
3 r# C/ B5 ~! i3 ?1978 $59 $73 2.5% Carter budget, Recession
( o8 v+ r z6 a* Q5 d/ s3 Y' e1979 $41 $55 1.5% Recession
: u1 @9 K/ |/ @1980 $74 $81 2.6% Volcker raised rates to 20%6 X- @2 a d& E( B
1981 $79 $90 2.4% Reagan tax cut6 P) p8 Y: z+ o; l; D2 y: w1 g
1982 $128 $144 3.8% Reagan increased spending# k8 n1 q4 r; S
1983 $208 $235 5.6% Jobless rate was 10.8%
z$ }# s; D& y9 o6 [+ L; z0 f1984 $185 $195 4.5% Increased defense spending
/ V( ^: h- B; \; X1985 $212 $256 4.8% Increased defense spending+ a, k9 S/ i. b, E8 l& |
1986 $221 $297 4.8% Tax cut! O: M4 R& z) T# h/ H
1987 $150 $225 3.1% Market crash0 E( p Y" h* z B% ^7 L
1988 $155 $252 2.9% Fed raised rates8 ~8 \' ]8 z z; u9 c+ i. y
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
8 G5 l, R& |5 ]# H$ o# n% [5 g7 \1990 $221 $376 3.7% Desert Storm. n' H+ B6 _+ b( w1 |
1991 $269 $432 4.3% Recession3 `0 U. R7 u0 `
1992 $290 $399 4.4% Expansion
, l* t: `0 y" D+ Q3 d* l1993 $255 $347 3.7% Clinton signed Budget Act
" n+ C" C' h" X( @7 u" ?# S/ z6 p1994 $203 $281 2.8% Clinton budget6 v0 b. T" S( b7 E3 o& W: v; u
1995 $164 $281 2.1% Expansion+ q4 k& J1 C: u* m2 R+ y! }3 I
1996 $107 $251 1.3% Welfare reform
2 n2 n9 }% x% X+ u! h: E( {1997 $22 $188 0.3% Expansion/ |: P! p5 Z6 s+ d) `) U
1998 ($69) $113 (0.8%) LTCM crisis, recession8 Z8 W8 ?6 Y6 ^/ e5 `" n
1999 ($126) $130 (1.3%) Glass-Steagall repealed9 R% B' L9 _- L( Y# e8 F) w
2000 ($236) $18 (2.3%) Surplus
1 p9 w7 G0 F6 \2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA# J# Q6 ~0 h0 U' V+ P3 m- j
2002 $158 $421 1.4% War on Terror4 t* I2 C+ f4 [- _* U; O
2003 $378 $555 3.3% JGTRRA
4 K1 i3 h; p* S- Z$ b2004 $413 $596 3.4% Iraq War
4 d3 Z1 f) J+ A% Y7 y, i, ~& _ K8 N2005 $318 $554 2.4% Katrina, Bankruptcy Act. K R9 u* l0 p: T% `/ {
2006 $248 $578 1.8% Bernanke chairs Fed
T4 q; `) I. c9 p; o; B2007 $161 $501 1.1% Bank crisis4 [) D! _. ~* m& t2 I V
2008 $459 $1,017 3.1% Bank bailout, QE* m* k9 K0 c: ]! \$ f
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
! d* o a0 k) ]8 d6 j2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles0 ~4 y- y- ^' ]$ i: ^7 a4 H& \
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
/ v( S3 D# k+ l* t; E" W% Q+ \2012 $1,087 $1,276 6.7% Fiscal cliff
' B. N( u B8 f- X; Z/ f! B; V2013 $679 $672 4.0% Sequester, government shutdown
6 o* l) k% m+ p8 `+ H# @$ |2014 $485 $1,086 2.7% Debt ceiling
9 F* d0 R% t) n. v: |4 x2 w2015 $438 $327 2.4% Defense = $736.4B
% W7 I. W, e) t1 {6 e0 _' Q2016 $585 $1,423 3.1% Defense = $767.6B
: ]; v( E3 r% d" y# q2 S- X2017 $665 $672 3.4% Defense = $817.9B" l* _( @9 l# E! |* U5 n
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts- ~+ W5 s% o5 L" I* x. M) W; N5 D
2019 $1,091 $1,314 NA Defense = $956.5B, T1 E+ p4 i& p( m
2020 $1,101 $1,281 NA Defense = $989B
1 _0 K( x/ g) l2021 $1,068 $1,276 NA NA
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