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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. ; l0 H5 M, e0 d( x$ o6 N7 ~- p
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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.
2 ? s7 v, @9 _3 Q# O) p9 f 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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# ^' Y3 n( L# m2 D$ c: R P3 e6 g0 vFiscal Year Deficit (in billions) Debt Deficit/GDP Events' w% n" |/ a3 @" z
1929 ($1) ($1) (0.7%) Market crash7 G, S* x$ [, O! c
1930 ($1) ($1) (0.8%) Smoot-Hawley
% X Y8 ~6 r4 z7 F8 i! n6 i$ r: {1931 $0 $1 0.6% Dust Bowl0 A' [% D7 k1 [9 F0 D: p4 S
1932 $3 $3 4.5% Hoover tax hike
7 d0 q* N' V+ s( c' J# }: I1933 $3 $3 4.5% FDR New Deal
8 z' R, m V5 `0 |+ {7 D0 V5 w9 d1934 $4 $5 5.4% GDP up 10.8%, debt also rose
( y. F, S4 `- j7 d6 }1935 $3 $2 3.8% Social Security% J4 A% k5 |5 B# W
1936 $4 $5 5.1% Tax hikes6 h, v7 u# Q+ g3 {
1937 $2 $3 2.4% Depression returned, third New Deal
1 ?( G# h9 [6 L1938 $0 $1 0.1% Dust Bowl ended
, ]5 d8 J; H& q; ^1939 $3 $3 3.0% Depression ended
+ q L: n) q- G. M' H- C: t2 Y1940 $3 $3 2.8% Defense increased
& |5 b* ~- G5 ?0 V7 X. s5 n1941 $5 $6 3.8% Pearl Harbor8 b3 b( \/ k. B4 m# }/ M
1942 $21 $23 12.3% Battle of Midway" l3 H |2 O* I9 A/ ~
1943 $55 $64 26.9% Defense tripled' y9 [! h" | q! d: S$ {
1944 $48 $64 21.2% Bretton Woods
* ^- ^, R H4 p- E1945 $48 $58 20.0% WWII ended$ \/ i: H8 ?( `9 @; [" e
1946 $16 $11 7.0% Recession& U) s8 T1 f* @5 V. F% C
1947 ($4) ($11) (1.6%) Cold War
) U8 i( Y9 h, z1948 ($12) ($6) (4.2%) Recession
* M) t ^: X! _% H1949 ($1) $0 (0.2%) Recession
" o7 h. r5 Y: W$ ?4 [2 u! u C# Y1950 $3 $5 1.0% Korean War
" |+ V7 H& }" N* C) m- \) O) o1951 ($6) ($2) (1.7%) Expansion+ h+ _4 b4 G$ E. v4 N
1952 $2 $4 0.4% Expansion
, C8 N `1 X3 {1953 $6 $7 1.7% Korean War ended, recession
' a5 L2 ^9 g5 y5 T; D0 t$ i) ~1954 $1 $5 0.3% Recession, Eisenhower budgets1 { c+ d3 \! F' U& i
1955 $3 $3 0.7% Expansion M, t) ]6 R1 c+ V& i. k+ K4 w
1956 ($4) ($2) (0.9%) Expansion
6 C1 @( M+ h: J2 y# S3 J1957 ($3) ($2) (0.7%) Recession6 C: a3 z, [! `; M: {6 O
1958 $3 $6 0.6% Recession ended
2 H- W1 |$ L+ V' c# C+ a6 S1959 $13 $8 2.4% Fed raised rates" ~4 g1 V) E: ^
1960 $0 $2 (0.1%) Recession
. Q5 G8 W* |; \' Z1 s. l4 ?1961 $3 $3 0.6% JFK & Bay of Pigs
2 o- \/ {% E3 w3 j& q! Y+ A1962 $7 $10 1.2% Cuban Missile Crisis* r4 b) H/ `/ R' v; S2 O: t+ D
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed* ]: `9 T& \3 P% B/ H% ^
1964 $6 $6 0.9% LBJ War on Poverty
3 T6 ]: H7 Q# S a( V/ a1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War6 X6 v2 D D) v0 C0 X# d) G, g
1966 $4 $3 0.5%
+ _- b5 e \: H1967 $9 $6 1.0% Expansion
2 }! f( A b, j4 u! F1968 $25 $21 2.6% Moon landing
7 l h9 q( w# `1 Z1969 ($3) $6 (0.3%) Nixon took office
! R. `5 v5 s% V- E U1970 $3 $17 0.3% Recession
' Z1 P9 Q O# E0 u; a1971 $23 $27 2.0% Wage-price controls: m* y& G, d g, K# F% {
1972 $23 $29 1.8% Stagflation# p! O" Q/ n/ t% x6 K7 [% ~
1973 $15 $31 1.0% End of gold standard
: _5 T+ ^3 {! Y$ f! Y1974 $6 $17 0.4% Budget process created, Watergate
( [# u1 c+ z. e& {& N1975 $53 $58 3.1% Ford budget, Vietnam War ended& a/ O, A! U, Z/ ~0 w
1976 $74 $87 3.9% Stagflation. J4 W$ A7 @: v U3 e# v
1977 $54 $78 2.5% Stagflation
: Y4 I- Y' x# `( b8 _ f3 K1978 $59 $73 2.5% Carter budget, Recession% V+ }0 W9 k7 p3 J& f
1979 $41 $55 1.5% Recession2 I# _0 ?, k4 z3 q' x8 e) r7 @
1980 $74 $81 2.6% Volcker raised rates to 20%
' h h2 k0 S* }" o' U: ~1981 $79 $90 2.4% Reagan tax cut
+ E' F) ~ y& `. Y- H1982 $128 $144 3.8% Reagan increased spending
4 T' a! _/ T8 H/ {+ T3 \1983 $208 $235 5.6% Jobless rate was 10.8%' H M) `% y" t* R& ^7 D2 X" X
1984 $185 $195 4.5% Increased defense spending9 f8 M+ h1 m6 ^# Z6 W# j) E) E
1985 $212 $256 4.8% Increased defense spending
7 l* L9 o" F) @1986 $221 $297 4.8% Tax cut; s% D' f z: i4 V6 a% |
1987 $150 $225 3.1% Market crash
, b8 P4 o/ j& I0 n# E1988 $155 $252 2.9% Fed raised rates% U( b" A V B2 N( _9 ] a
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
% i8 G' s& f# w% m+ U5 A; X1990 $221 $376 3.7% Desert Storm
0 ?, D3 {5 \# E+ {1991 $269 $432 4.3% Recession
5 _) J+ B3 U0 K. r9 e5 C% J1992 $290 $399 4.4% Expansion
5 G- b- ]) M, I& s) ]/ o1993 $255 $347 3.7% Clinton signed Budget Act
K+ ]$ m' h8 |, {8 K1994 $203 $281 2.8% Clinton budget
. |1 O2 b: l/ \7 d1995 $164 $281 2.1% Expansion
3 E/ I4 y) p5 n* X2 F0 K1996 $107 $251 1.3% Welfare reform
6 K/ S3 R* B3 ]3 N) s* p1997 $22 $188 0.3% Expansion
1 q; u, D) y' |4 ?; G1998 ($69) $113 (0.8%) LTCM crisis, recession9 G" z/ g" l7 P5 r
1999 ($126) $130 (1.3%) Glass-Steagall repealed1 _! E! S" w" E2 r# b
2000 ($236) $18 (2.3%) Surplus
/ c8 \+ U9 @% I1 n2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
7 @8 i+ i9 Y, g2 v9 s1 q2002 $158 $421 1.4% War on Terror4 q+ ^" y% ^8 z o4 g
2003 $378 $555 3.3% JGTRRA
, @" a- M" p* q. W: Y2004 $413 $596 3.4% Iraq War n6 S' h. Q9 [+ V) C* l
2005 $318 $554 2.4% Katrina, Bankruptcy Act F# i7 I/ e9 x _* P
2006 $248 $578 1.8% Bernanke chairs Fed# D7 ^ X$ o9 J' {8 C+ }# \
2007 $161 $501 1.1% Bank crisis
, f; T, T7 V$ B6 S2008 $459 $1,017 3.1% Bank bailout, QE/ K' z; {7 A8 Z* W0 A+ c9 p
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B6 D. z; [6 S8 z) ?2 B# O
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles( z5 O4 l! _0 `+ U* S, f& L, X, C, Z
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
2 B! F0 B" Z- K2 Q. V; ?; i2012 $1,087 $1,276 6.7% Fiscal cliff, q w# `: j) n5 U) |
2013 $679 $672 4.0% Sequester, government shutdown
- w; s+ D( r0 C8 r, o$ C2014 $485 $1,086 2.7% Debt ceiling3 T8 J7 L, u! ?/ ` P( n+ S
2015 $438 $327 2.4% Defense = $736.4B
( B7 c3 I1 t h N2016 $585 $1,423 3.1% Defense = $767.6B: q: w+ E- K0 d% d
2017 $665 $672 3.4% Defense = $817.9B
- B0 H, m6 W5 U: P- d8 j2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts7 a& V" v4 M3 V J" T' S9 z/ p: s& ]
2019 $1,091 $1,314 NA Defense = $956.5B
. F- ?7 w. \, g! g2020 $1,101 $1,281 NA Defense = $989B% i% P% u5 z$ o- ~& i
2021 $1,068 $1,276 NA NA
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