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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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. d# X* y- |" R7 a2020财年美国预算赤字预计为1.1万亿美元
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0 h2 |# R/ B* ]8 u+ V- ?$ z% WThe 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.7 Q* `4 n6 u( e, l* X# U
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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) C( ~$ i$ b% k' K- G1 x- BFiscal Year Deficit (in billions) Debt Deficit/GDP Events3 `$ E$ Y3 H* P1 w" F! y8 m8 M
1929 ($1) ($1) (0.7%) Market crash F' B3 ^6 l. C* ~9 ?4 o$ Q, A4 f1 s
1930 ($1) ($1) (0.8%) Smoot-Hawley6 c& I! y# q9 D4 w: \
1931 $0 $1 0.6% Dust Bowl
+ x2 V4 B( y* U1932 $3 $3 4.5% Hoover tax hike
( B' ]6 d7 Z$ v2 i1933 $3 $3 4.5% FDR New Deal) D5 J3 S2 V. Y/ H3 z
1934 $4 $5 5.4% GDP up 10.8%, debt also rose# ^: w1 L. H8 \! S( v6 w, Z
1935 $3 $2 3.8% Social Security
( s$ S! A4 Q, w4 G$ ^0 ] H2 `1936 $4 $5 5.1% Tax hikes( [1 O6 I- h. i# T# Z
1937 $2 $3 2.4% Depression returned, third New Deal
$ A) |# k% z% Q# h) d& U1938 $0 $1 0.1% Dust Bowl ended( {+ ~. m) u1 ^) a0 P) w; {4 x
1939 $3 $3 3.0% Depression ended
7 u! u ^/ N$ A, b# H3 U" p1940 $3 $3 2.8% Defense increased
8 m/ ^3 c8 \9 F& Y# K4 d$ E1941 $5 $6 3.8% Pearl Harbor
8 [$ o4 Q( n2 A( _/ O# r1942 $21 $23 12.3% Battle of Midway2 l! y; p& [8 w* `8 @9 c
1943 $55 $64 26.9% Defense tripled) n& O6 I$ W; w
1944 $48 $64 21.2% Bretton Woods
0 H% ?: N3 o& @$ V9 X7 E1945 $48 $58 20.0% WWII ended4 M V- @$ i) b3 H3 N, U- t2 Q
1946 $16 $11 7.0% Recession
) N4 b5 G: U0 c1947 ($4) ($11) (1.6%) Cold War
' M8 f3 a& v- D9 N; p- U& ~1948 ($12) ($6) (4.2%) Recession
3 i7 j( S" j- @; Z) G1949 ($1) $0 (0.2%) Recession
" A7 a: W; W/ J- D1950 $3 $5 1.0% Korean War
; r! i( z) }- f1951 ($6) ($2) (1.7%) Expansion
9 v' U, Z6 _" h$ l* }1952 $2 $4 0.4% Expansion
2 _& X% H+ N0 ]! [( ~/ K% r6 Y8 ?. R6 O1953 $6 $7 1.7% Korean War ended, recession6 n. H$ ^4 |( }" m( P
1954 $1 $5 0.3% Recession, Eisenhower budgets
6 V; v0 N4 C5 W. J! _1955 $3 $3 0.7% Expansion
/ z; ?+ H- g# U$ V+ N8 k$ w1 g1956 ($4) ($2) (0.9%) Expansion
4 K6 v* u ~9 }. B. U$ Q E1957 ($3) ($2) (0.7%) Recession
/ F! Y6 _3 H+ Z; [. u1958 $3 $6 0.6% Recession ended6 U1 u+ D- h' Z3 S) a
1959 $13 $8 2.4% Fed raised rates
9 u( {: c% e- o+ g: l, N" B. ?1960 $0 $2 (0.1%) Recession
! `, y6 M* q( G a8 n' ?1961 $3 $3 0.6% JFK & Bay of Pigs: W/ f+ ~7 J, ]6 y' X$ ?
1962 $7 $10 1.2% Cuban Missile Crisis
/ G7 `; P: f1 B9 V+ Y5 S3 I1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
: y0 t9 V7 X- `3 X1964 $6 $6 0.9% LBJ War on Poverty; A. C. k3 _1 n
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War8 Z) b) Y' Q+ L
1966 $4 $3 0.5% ; |3 @- A5 x9 D" S+ d) M
1967 $9 $6 1.0% Expansion
. G4 k0 x* K" W1 Q4 p ]* T- f1968 $25 $21 2.6% Moon landing
) A5 T5 c4 N- m9 W1969 ($3) $6 (0.3%) Nixon took office) J. t" x* q4 {6 ?
1970 $3 $17 0.3% Recession: U- y% U5 s" @& n* c* y5 x# q
1971 $23 $27 2.0% Wage-price controls6 \& |9 B X9 i4 i$ s3 Q) d
1972 $23 $29 1.8% Stagflation- O. G# U; Q9 X
1973 $15 $31 1.0% End of gold standard9 V1 K% X' @' ?
1974 $6 $17 0.4% Budget process created, Watergate
& M F. I, R/ c# l+ z1975 $53 $58 3.1% Ford budget, Vietnam War ended [2 Y: U3 k) [
1976 $74 $87 3.9% Stagflation
3 q. z* X2 j3 e/ g# ~1977 $54 $78 2.5% Stagflation) z+ o8 U+ j! K) e8 ]
1978 $59 $73 2.5% Carter budget, Recession( ]2 P; K. G' U$ z; j( k+ c
1979 $41 $55 1.5% Recession* P) ^& |$ s# J; S; F
1980 $74 $81 2.6% Volcker raised rates to 20%- T! t& v% V- t6 e) ~3 P: W
1981 $79 $90 2.4% Reagan tax cut% {, V6 ~ ]0 q! Z% Q \; B% H+ z7 p
1982 $128 $144 3.8% Reagan increased spending
* {( j1 u( u$ D% P1983 $208 $235 5.6% Jobless rate was 10.8%2 S8 M( s7 z; q
1984 $185 $195 4.5% Increased defense spending
% f/ v0 q0 ?! u- A. G: h. `1985 $212 $256 4.8% Increased defense spending7 V* P5 A1 s( E3 Q
1986 $221 $297 4.8% Tax cut8 z3 K7 @$ @& H+ q9 B6 c! ~7 K$ W9 W8 s
1987 $150 $225 3.1% Market crash7 R: X8 M! U& A' O; _7 R
1988 $155 $252 2.9% Fed raised rates" w$ a) ~" D/ e9 A% u0 W/ U) z# A, N
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget- P c9 d0 ^* g; T7 C: Z8 u! v- V
1990 $221 $376 3.7% Desert Storm0 E2 ^0 W! D! I8 {- n3 F
1991 $269 $432 4.3% Recession0 f6 Y: r3 F/ c% _+ V7 @, _
1992 $290 $399 4.4% Expansion
& l7 n2 y: u, @/ }, l# c+ J1993 $255 $347 3.7% Clinton signed Budget Act
% Y5 H% P0 A l$ l& W1994 $203 $281 2.8% Clinton budget
# J' \, p5 u5 D, p+ d" O1 w* M# O1995 $164 $281 2.1% Expansion9 n2 b7 V! X3 P1 i1 T# x$ |( O
1996 $107 $251 1.3% Welfare reform* B" h; c/ W# z' d9 F5 x4 `
1997 $22 $188 0.3% Expansion
7 x" j- p3 G5 O3 x' `0 ^1998 ($69) $113 (0.8%) LTCM crisis, recession* C% w! t9 f" [: y
1999 ($126) $130 (1.3%) Glass-Steagall repealed
. |& ~ h( Z$ a K. z Z5 \$ U2000 ($236) $18 (2.3%) Surplus
& H& d* x# h: e6 d; k, f$ D( F2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
+ H5 ~# B3 l7 T8 L* h7 u9 `2002 $158 $421 1.4% War on Terror
2 _0 q' D! X! x2003 $378 $555 3.3% JGTRRA( V9 _! ~' i, c4 K" ^3 b* x, c
2004 $413 $596 3.4% Iraq War+ Q2 n9 S- X. k& S0 i# D% G
2005 $318 $554 2.4% Katrina, Bankruptcy Act }: p' ]0 e% L( F. P0 X
2006 $248 $578 1.8% Bernanke chairs Fed
+ W$ A9 e$ m( ?; p2007 $161 $501 1.1% Bank crisis
+ x3 a4 R6 |/ N6 U2008 $459 $1,017 3.1% Bank bailout, QE2 g! d/ M' {. i9 G% a
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
% v* K% ]% b% k2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles8 s' m( b' Z7 O& O: ]* F2 Q
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
0 h% ] v! w% p7 }! d2012 $1,087 $1,276 6.7% Fiscal cliff: H7 X' h$ W" Q, |/ ~4 U7 ]
2013 $679 $672 4.0% Sequester, government shutdown
+ d# B s5 Q. W: _% R, n2014 $485 $1,086 2.7% Debt ceiling! c' v+ P `. m- h$ |
2015 $438 $327 2.4% Defense = $736.4B
1 ~* H8 P* z* d2016 $585 $1,423 3.1% Defense = $767.6B. p7 Q' a$ A9 A8 K* m
2017 $665 $672 3.4% Defense = $817.9B
3 g8 H+ k; `5 |: o2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
, V! }& }4 u; v4 y u$ M7 W2019 $1,091 $1,314 NA Defense = $956.5B5 y5 }: W2 h1 {; c/ }+ N; z
2020 $1,101 $1,281 NA Defense = $989B+ }! U* L) K; c3 o
2021 $1,068 $1,276 NA NA) q- K2 s# Z! K R+ Y
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