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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. ( \. a: t: p* n5 F6 o" N# X
4 F( x' H7 j8 n2020财年美国预算赤字预计为1.1万亿美元! k: r$ ]7 \- E9 v
! f y! J- u: @. e0 RThe 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.
* s7 E# q. d b, j6 i* e) T 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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8 U& F6 L2 ], _, A9 w* s4 a5 wFiscal Year Deficit (in billions) Debt Deficit/GDP Events- k/ V2 Q6 C' S3 F# r+ ]
1929 ($1) ($1) (0.7%) Market crash0 M+ i6 Y& P% A Q
1930 ($1) ($1) (0.8%) Smoot-Hawley4 o- O8 K( x" s
1931 $0 $1 0.6% Dust Bowl
: e! b- P4 y' K$ v5 U/ v& }1932 $3 $3 4.5% Hoover tax hike
1 F0 A+ _& p7 j" }$ q1933 $3 $3 4.5% FDR New Deal
. @5 S& j3 x. E* l9 L# ?1934 $4 $5 5.4% GDP up 10.8%, debt also rose Y" l$ B J% W2 @5 Y4 j8 L
1935 $3 $2 3.8% Social Security ?$ l$ _2 K, P3 V5 S8 P
1936 $4 $5 5.1% Tax hikes" N5 o; w' |, l' d6 }8 `8 j
1937 $2 $3 2.4% Depression returned, third New Deal
, Z/ q+ y2 V8 V) x" _$ f1938 $0 $1 0.1% Dust Bowl ended; U+ ?$ ~& K, x9 i
1939 $3 $3 3.0% Depression ended1 }. ^, {9 k* z, Z4 H
1940 $3 $3 2.8% Defense increased* a8 y, [' n0 Q2 q2 f
1941 $5 $6 3.8% Pearl Harbor
6 S% `3 ~# b# H. L% F* v1942 $21 $23 12.3% Battle of Midway
5 X6 B( {+ l0 J! \ \# D1943 $55 $64 26.9% Defense tripled: Q4 i0 V& L* R1 d0 {6 h
1944 $48 $64 21.2% Bretton Woods. x7 O/ V2 i$ r; i9 x6 ]2 O8 P
1945 $48 $58 20.0% WWII ended+ R" j& i ~1 M. w; E
1946 $16 $11 7.0% Recession4 p7 w6 e% y5 U! I4 g* v
1947 ($4) ($11) (1.6%) Cold War8 `8 D$ [5 a/ g1 z3 I+ @
1948 ($12) ($6) (4.2%) Recession7 y" P: B1 Z5 g0 G% j# _
1949 ($1) $0 (0.2%) Recession- A" h* y9 J6 j. a8 Y7 ?) p
1950 $3 $5 1.0% Korean War5 b4 k" c! ~- ^2 i# J2 Y% D3 b
1951 ($6) ($2) (1.7%) Expansion
! _. g# A0 ]* e- ^" f; l2 G1952 $2 $4 0.4% Expansion6 K1 E' D' H9 U) R( x* p- q9 |8 ^
1953 $6 $7 1.7% Korean War ended, recession
, b; y' m) W6 E' \* Z/ ]& ?1954 $1 $5 0.3% Recession, Eisenhower budgets
) J8 P( Z* c8 L& M5 F8 g( x$ R" E/ m1955 $3 $3 0.7% Expansion" i: N F9 ~. Y8 j$ f3 ?
1956 ($4) ($2) (0.9%) Expansion/ I# {1 F6 q- \' U5 `
1957 ($3) ($2) (0.7%) Recession \! N) ^1 B) _ n) j0 ^. Y6 D( C1 o
1958 $3 $6 0.6% Recession ended
3 P" S0 v/ p7 u6 j1959 $13 $8 2.4% Fed raised rates2 p! o* u& U# T, N6 L8 u l5 L6 i
1960 $0 $2 (0.1%) Recession
* C1 m4 W$ u; F) W' s+ ?! m+ @1961 $3 $3 0.6% JFK & Bay of Pigs! F$ J! D' u+ Y
1962 $7 $10 1.2% Cuban Missile Crisis' K: c6 _: c8 }9 P6 c3 h$ d
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed/ s ^/ i+ s r% C
1964 $6 $6 0.9% LBJ War on Poverty9 u. z# f, e# G! z8 [' g
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War! ]% \8 R* d+ U! w3 s
1966 $4 $3 0.5% 3 s/ }8 B; U, _2 A4 j& U5 O
1967 $9 $6 1.0% Expansion
) Q2 y) v. h' m5 Z) _% k0 b1968 $25 $21 2.6% Moon landing" U$ |) a- Q* i8 F8 b
1969 ($3) $6 (0.3%) Nixon took office. G! H4 b- }7 ?" ^2 P3 t% x" E
1970 $3 $17 0.3% Recession
* H- |* E/ V5 t4 I$ \$ Z1971 $23 $27 2.0% Wage-price controls
, C+ t9 b0 f# d' D( B1972 $23 $29 1.8% Stagflation1 E9 f3 H3 }) J6 k& q' O
1973 $15 $31 1.0% End of gold standard- n" X. ] v, r# A P5 Q: H1 @
1974 $6 $17 0.4% Budget process created, Watergate
: w' B l' v" }1975 $53 $58 3.1% Ford budget, Vietnam War ended$ k6 @: ^# V& L9 H6 Y7 ^7 `
1976 $74 $87 3.9% Stagflation7 I" S8 k0 Z' @3 b
1977 $54 $78 2.5% Stagflation# P, Z7 R9 C7 g" o1 s5 V
1978 $59 $73 2.5% Carter budget, Recession
5 y1 @5 c, H+ h+ `1979 $41 $55 1.5% Recession
1 h2 P) ^2 F/ ]: S' k- N1980 $74 $81 2.6% Volcker raised rates to 20%
9 X( ?: w9 H% _% P/ I4 n1981 $79 $90 2.4% Reagan tax cut
2 U6 [: L# _" @- r1982 $128 $144 3.8% Reagan increased spending
# B* i/ R* A: w6 N- a1983 $208 $235 5.6% Jobless rate was 10.8%9 j3 k" f3 }. O) t4 X
1984 $185 $195 4.5% Increased defense spending; _( f1 m( r/ [2 k
1985 $212 $256 4.8% Increased defense spending+ ]$ H; G/ ]* j: Y# ~5 m; m
1986 $221 $297 4.8% Tax cut& H0 z1 [5 q# P t; e
1987 $150 $225 3.1% Market crash8 G% A1 Q, N$ _- u3 A
1988 $155 $252 2.9% Fed raised rates
7 v1 f3 n0 E# G" U! q, Z: f1989 $153 $255 2.7% S&L Crisis, Bush 41 budget( _" _! o) s1 V0 R( c* t
1990 $221 $376 3.7% Desert Storm
9 s4 j% R. U- x1991 $269 $432 4.3% Recession$ \% y' [0 R) G7 a1 e( ^8 g$ f
1992 $290 $399 4.4% Expansion+ E& S) U* Y# i" L5 e6 L% I6 J
1993 $255 $347 3.7% Clinton signed Budget Act/ }" N q6 T0 D- M! Z M1 k
1994 $203 $281 2.8% Clinton budget; y, I7 \! n! w# D
1995 $164 $281 2.1% Expansion j" l" ^! v1 E3 L9 j; e, E* I
1996 $107 $251 1.3% Welfare reform
) k: O. F- P7 B0 ]9 |1997 $22 $188 0.3% Expansion
- W& Q8 x% e8 Q, g' L" Z1 N$ A- v1998 ($69) $113 (0.8%) LTCM crisis, recession
; @* @4 G; z2 {( t& Q+ r$ j8 J. f1999 ($126) $130 (1.3%) Glass-Steagall repealed
$ S f2 I& {/ x2000 ($236) $18 (2.3%) Surplus
: R/ j' H# I! {. t% Y ^2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
6 J) f2 s+ Z- n5 O7 e, n2002 $158 $421 1.4% War on Terror; q/ t) d6 I9 f( a# I& S1 l
2003 $378 $555 3.3% JGTRRA
* d; Z q) w" @) }2004 $413 $596 3.4% Iraq War7 X9 M# {+ W# ~4 F
2005 $318 $554 2.4% Katrina, Bankruptcy Act
( J7 p/ z1 }8 P. j2006 $248 $578 1.8% Bernanke chairs Fed
: T$ q9 t4 I5 l1 l8 u. P( \2007 $161 $501 1.1% Bank crisis
' _: k$ t& A6 h9 n3 d# x% r2008 $459 $1,017 3.1% Bank bailout, QE0 V$ ]5 k" l2 ]# i0 G) ~
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
3 p, z1 D% {3 H* c. G; K2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles/ m1 A3 X, T$ v& e& I! d h$ ]
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
+ o/ u& A6 m6 f" `, T' s" b2012 $1,087 $1,276 6.7% Fiscal cliff
8 _; x' Q) g. J0 {4 H9 I2013 $679 $672 4.0% Sequester, government shutdown
: N9 |+ G B5 u: [2014 $485 $1,086 2.7% Debt ceiling
, N4 \" L. ]& @! h4 f' ~' d# `2 s# h2015 $438 $327 2.4% Defense = $736.4B
$ d' T6 Z% ^& j/ R2016 $585 $1,423 3.1% Defense = $767.6B: e# k3 q7 C7 U! {7 c3 v- b
2017 $665 $672 3.4% Defense = $817.9B
* k8 V' l5 r0 p2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts' ~* L J2 ]) j3 N/ M& x
2019 $1,091 $1,314 NA Defense = $956.5B
: e$ }# ?0 A. Z3 K8 W. i2020 $1,101 $1,281 NA Defense = $989B
( P9 l! c4 {" d& @2021 $1,068 $1,276 NA NA' \' R& H9 A, i3 q& q* y* I
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