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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元
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! B' h5 L h* \7 P/ X% c- DThe first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.0 C+ C' i1 }8 j* G; C2 f
第一列表示会计年度,其次是该年度的赤字(十亿)。其次是财政年度的债务增加,其次是赤字/ GDP。最后,列举了影响赤字的事件
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$ a: ^- S+ f1 [5 |( kFiscal Year Deficit (in billions) Debt Deficit/GDP Events
9 ~1 F1 d& m8 M1929 ($1) ($1) (0.7%) Market crash
* o6 ^% t! G) I1930 ($1) ($1) (0.8%) Smoot-Hawley X. V L% j' v4 A4 O8 u
1931 $0 $1 0.6% Dust Bowl
* e. L) w) h2 B2 u1932 $3 $3 4.5% Hoover tax hike4 m0 j% x6 \' `: D
1933 $3 $3 4.5% FDR New Deal
' P7 l( r' }7 ]% k+ O1934 $4 $5 5.4% GDP up 10.8%, debt also rose3 b0 d6 M l) s: O( n
1935 $3 $2 3.8% Social Security2 \$ t2 V+ S' \0 `/ ~, Z# g" b
1936 $4 $5 5.1% Tax hikes
! J4 q* h; s0 c6 k, s6 u7 y/ }! v1937 $2 $3 2.4% Depression returned, third New Deal
' |# i3 F |% b+ j2 V; v+ T( V; r1938 $0 $1 0.1% Dust Bowl ended
! A0 J% p8 a- S1939 $3 $3 3.0% Depression ended: v, q `7 A# h( ]) C3 w
1940 $3 $3 2.8% Defense increased
& Q: u9 U$ N5 u2 R2 z1941 $5 $6 3.8% Pearl Harbor% S. @' S4 Z7 G0 f
1942 $21 $23 12.3% Battle of Midway
0 s+ D; |; c& x: e7 U1943 $55 $64 26.9% Defense tripled
! e: H) A& a3 z( N1944 $48 $64 21.2% Bretton Woods8 a4 [! n% d! @7 b
1945 $48 $58 20.0% WWII ended
6 J- W$ T6 J) V6 X1946 $16 $11 7.0% Recession
/ }. A# E4 P5 }- o. ]1947 ($4) ($11) (1.6%) Cold War( ~7 V6 A3 U$ S
1948 ($12) ($6) (4.2%) Recession
! y7 a9 g$ i1 n* R* y1949 ($1) $0 (0.2%) Recession7 R1 ~/ y) |) f5 F# h, F
1950 $3 $5 1.0% Korean War/ C1 Y$ D9 Q' F7 m( `# d: ]
1951 ($6) ($2) (1.7%) Expansion6 W3 v5 a# W( ]
1952 $2 $4 0.4% Expansion- U$ |9 z. `4 U
1953 $6 $7 1.7% Korean War ended, recession
) T: }% W/ V; Z% k0 i q/ b8 d" E1954 $1 $5 0.3% Recession, Eisenhower budgets
# o* l9 y- \6 \1955 $3 $3 0.7% Expansion
' t: B7 H2 Q* f* q; N1956 ($4) ($2) (0.9%) Expansion0 U0 i. g. Z# b3 T! U( e
1957 ($3) ($2) (0.7%) Recession
+ [6 h# q' J# U5 l: k) Q3 P1958 $3 $6 0.6% Recession ended% V7 s, Y# s9 `1 h0 J
1959 $13 $8 2.4% Fed raised rates
# ~' y# O, Q' q( c: Z2 |: T; r1960 $0 $2 (0.1%) Recession" e- s6 G0 C4 I/ x5 K) g0 _) m6 c
1961 $3 $3 0.6% JFK & Bay of Pigs0 {9 ^$ } {- s9 C! c
1962 $7 $10 1.2% Cuban Missile Crisis" r7 w! O3 x( s; _: q9 K
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
9 `# I9 |7 ^- N8 e/ Z7 W1964 $6 $6 0.9% LBJ War on Poverty
/ g# b6 _) R) D. W, G! X1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
! g5 F& s3 D) O3 `* h& h5 v1966 $4 $3 0.5%
& U7 }0 j# p! O5 n1967 $9 $6 1.0% Expansion3 P* O4 H# t- [% n" r+ J* n% ^
1968 $25 $21 2.6% Moon landing
9 ?. {! u+ k2 i/ [$ j# z1969 ($3) $6 (0.3%) Nixon took office
5 Y/ b9 O0 F+ Y0 B1970 $3 $17 0.3% Recession' V" r6 z' b n7 N. S E
1971 $23 $27 2.0% Wage-price controls
* D& z# a, s3 \# f' ~1972 $23 $29 1.8% Stagflation$ D$ L. N( `% R1 ]4 v
1973 $15 $31 1.0% End of gold standard6 O V/ w" g3 P) i6 m" N; a
1974 $6 $17 0.4% Budget process created, Watergate( d1 f8 ~/ G/ E% I
1975 $53 $58 3.1% Ford budget, Vietnam War ended
5 @5 C- {$ o5 h, J: n7 \$ v1976 $74 $87 3.9% Stagflation" E% K! a9 A3 A- l' z/ a. }
1977 $54 $78 2.5% Stagflation: O; y0 _% V2 G! e: B" H
1978 $59 $73 2.5% Carter budget, Recession% A) X- }$ y1 R3 h
1979 $41 $55 1.5% Recession2 M% p" @1 T. E6 E! m; h0 {3 i
1980 $74 $81 2.6% Volcker raised rates to 20%
3 O! f6 j7 }: ?+ V3 Z: a1981 $79 $90 2.4% Reagan tax cut
4 I* O" e% J' P# o6 q1982 $128 $144 3.8% Reagan increased spending
) K3 _/ V J0 N: }1983 $208 $235 5.6% Jobless rate was 10.8%. v( H+ @! V/ g) q$ S
1984 $185 $195 4.5% Increased defense spending9 l, u: _* |& k0 U4 L- J7 t
1985 $212 $256 4.8% Increased defense spending/ M* p( U1 D) i" b
1986 $221 $297 4.8% Tax cut1 I# F& k8 P% e* T
1987 $150 $225 3.1% Market crash
* {# g" M1 ]0 V1 N3 c1988 $155 $252 2.9% Fed raised rates5 F+ j" ~9 L7 |$ B/ d
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget, j5 B% i" D8 N6 u
1990 $221 $376 3.7% Desert Storm
7 W1 V6 R0 }2 I9 B) W/ @1991 $269 $432 4.3% Recession' k6 l# L; n4 o- W4 O( Q
1992 $290 $399 4.4% Expansion
4 N/ |- r) v: F7 a# Q1993 $255 $347 3.7% Clinton signed Budget Act
/ T. \' ?# e3 t# |" S) k1994 $203 $281 2.8% Clinton budget/ {' w& W- h, D
1995 $164 $281 2.1% Expansion6 x ~; |5 q3 E) [1 o/ M
1996 $107 $251 1.3% Welfare reform) o) C4 I6 B9 J: E3 M- J% h
1997 $22 $188 0.3% Expansion& p' Y2 F; d) h2 {
1998 ($69) $113 (0.8%) LTCM crisis, recession
+ L0 g' R) [+ c2 K5 j' {1999 ($126) $130 (1.3%) Glass-Steagall repealed
7 S z" I$ B+ a" ~2000 ($236) $18 (2.3%) Surplus, H$ H+ m. ~ e& ]5 X. V8 E1 A. i7 Y
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA6 }% `6 j- Z$ ~1 O, J
2002 $158 $421 1.4% War on Terror: c/ G$ D# `; u/ S
2003 $378 $555 3.3% JGTRRA' F9 P( m9 e" f. { r
2004 $413 $596 3.4% Iraq War
+ @) Q: c2 F. ?. A" v; h; } p2005 $318 $554 2.4% Katrina, Bankruptcy Act
+ n8 A' K4 H% \9 d2006 $248 $578 1.8% Bernanke chairs Fed2 A4 x# b: f' X2 X
2007 $161 $501 1.1% Bank crisis
2 b. C) s5 o9 R0 S2008 $459 $1,017 3.1% Bank bailout, QE' A4 S: Y+ g; ^8 C T; q! g. {/ q
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B) [& p9 J4 d/ N+ Q; y0 }
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles7 t% i* V p2 Q" h0 H4 ]
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
$ n* j4 e! \$ o6 C2012 $1,087 $1,276 6.7% Fiscal cliff0 Z1 G; n- s% B' @
2013 $679 $672 4.0% Sequester, government shutdown
5 K/ o0 U7 ]* t" c2014 $485 $1,086 2.7% Debt ceiling& d( ]+ @4 F. ~ M
2015 $438 $327 2.4% Defense = $736.4B* r! a4 _. L9 P7 G( T! `% p
2016 $585 $1,423 3.1% Defense = $767.6B5 u. p2 j3 J" P8 U9 A
2017 $665 $672 3.4% Defense = $817.9B9 w) v* Y8 M# Q4 R9 `
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts3 [$ R2 g, p1 f' a, V, S* T8 A
2019 $1,091 $1,314 NA Defense = $956.5B
1 J# d0 t% j; L/ ?$ h0 _0 k+ N+ H2020 $1,101 $1,281 NA Defense = $989B* a% N& a; j: K. q9 b0 r5 Y# k$ z
2021 $1,068 $1,276 NA NA1 T3 d1 y2 r; j9 T3 D
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