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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 5 S& W% B/ E0 P/ |) F
; g; W+ S* G+ q; A2020财年美国预算赤字预计为1.1万亿美元( M7 [, {+ p( ?/ s3 Y
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The first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited., S( M) o' F8 Z9 I
第一列表示会计年度,其次是该年度的赤字(十亿)。其次是财政年度的债务增加,其次是赤字/ GDP。最后,列举了影响赤字的事件- |4 k4 R. R9 S8 @$ ~; ^
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
! I% d- I5 w( I1929 ($1) ($1) (0.7%) Market crash% }: V) T% D$ I: s P
1930 ($1) ($1) (0.8%) Smoot-Hawley) ~ F. {0 y5 ?3 T+ h* x9 ~
1931 $0 $1 0.6% Dust Bowl9 J) m6 Q3 g8 r+ A$ D" {
1932 $3 $3 4.5% Hoover tax hike
7 t& g5 G* f; w* o6 n1933 $3 $3 4.5% FDR New Deal# y+ W" X0 ]; J. q+ g
1934 $4 $5 5.4% GDP up 10.8%, debt also rose7 r/ Q/ \2 F1 o# |, L
1935 $3 $2 3.8% Social Security; O* r! P5 w5 z: J' K
1936 $4 $5 5.1% Tax hikes# z4 }7 z& c4 Q
1937 $2 $3 2.4% Depression returned, third New Deal3 L) F! o2 x! w
1938 $0 $1 0.1% Dust Bowl ended
) V! u0 d0 ^0 k% R# r5 Q1939 $3 $3 3.0% Depression ended: W; I3 ^. n2 U1 E, e# r) W: p
1940 $3 $3 2.8% Defense increased
, U: Y: |1 i* r) \3 ^) }' |/ P1 R1941 $5 $6 3.8% Pearl Harbor: c* j0 M# ?/ i0 H& z
1942 $21 $23 12.3% Battle of Midway7 X$ z/ O3 |3 b
1943 $55 $64 26.9% Defense tripled
; l/ V6 R1 x. ?3 M) U& k8 ]1944 $48 $64 21.2% Bretton Woods! Y/ A+ f! y. O- o, f2 x
1945 $48 $58 20.0% WWII ended
. q8 j" K9 p- F# | U1946 $16 $11 7.0% Recession P( H8 t# P9 ?; h, T: T0 q
1947 ($4) ($11) (1.6%) Cold War
0 j9 U$ r$ |) J% d L7 D, E1948 ($12) ($6) (4.2%) Recession' B4 J9 S6 ]1 X
1949 ($1) $0 (0.2%) Recession
`1 g1 R# u( D1950 $3 $5 1.0% Korean War
2 I4 Y) ^2 x7 r1951 ($6) ($2) (1.7%) Expansion
! m) V! w( ]% S5 w% u1952 $2 $4 0.4% Expansion9 e, A7 D3 x" J3 s
1953 $6 $7 1.7% Korean War ended, recession+ w1 H* G8 S+ r8 K1 z
1954 $1 $5 0.3% Recession, Eisenhower budgets
" f0 W* Z" P, y K2 i+ W* a4 r+ {# M) C1955 $3 $3 0.7% Expansion
# C6 B& n4 X+ P5 V5 u" L$ K( Y( _1956 ($4) ($2) (0.9%) Expansion, p) H: B: K* }; K# D6 m
1957 ($3) ($2) (0.7%) Recession5 ?. D) t$ N' r5 V$ y
1958 $3 $6 0.6% Recession ended8 |" f @8 S, L( }! L ?3 H s
1959 $13 $8 2.4% Fed raised rates- i8 U4 F) ]: C9 c! q1 V
1960 $0 $2 (0.1%) Recession1 U/ w V4 v2 }6 ]3 J, }
1961 $3 $3 0.6% JFK & Bay of Pigs
5 ^ G& x0 ~( p& O& O! d. H1962 $7 $10 1.2% Cuban Missile Crisis
1 G/ o; r/ x5 j& H( K+ N$ o7 m. d1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
: a2 n4 H e6 G9 K4 r( \ y h1964 $6 $6 0.9% LBJ War on Poverty0 C9 |" U9 J/ w7 I' M" N
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War; @" J3 w- t2 S' `5 c: A
1966 $4 $3 0.5% . S) } b* u6 Q1 F
1967 $9 $6 1.0% Expansion
- i6 O; ]+ s2 G1968 $25 $21 2.6% Moon landing
F; u( i5 ~4 Q q& {1969 ($3) $6 (0.3%) Nixon took office
) G5 b9 @! d: s; h: B! c' A1970 $3 $17 0.3% Recession2 u$ T- g& {# w; V7 J
1971 $23 $27 2.0% Wage-price controls
6 W% R7 i- m8 U9 O$ P9 r8 @8 K1972 $23 $29 1.8% Stagflation
7 r" z6 O( m! C" g' v1973 $15 $31 1.0% End of gold standard, w% B0 }. W2 K1 E# r1 u4 t# ~' A5 @
1974 $6 $17 0.4% Budget process created, Watergate9 U3 g: ^* I3 j9 Z. R
1975 $53 $58 3.1% Ford budget, Vietnam War ended
& w* c9 J% k, M$ v( v1976 $74 $87 3.9% Stagflation( \2 j1 s; s# r$ h8 j
1977 $54 $78 2.5% Stagflation; J; p5 K: g: z o- w, a
1978 $59 $73 2.5% Carter budget, Recession
* K/ S' V% L9 I/ Y" m) }2 i1979 $41 $55 1.5% Recession) ]; L/ k' x5 \! v
1980 $74 $81 2.6% Volcker raised rates to 20%1 i9 |7 u, `) v$ O: o' [- _# M& X: L0 `
1981 $79 $90 2.4% Reagan tax cut
" S3 {9 S' Y. Z5 A, K! x5 _1982 $128 $144 3.8% Reagan increased spending* Q$ n0 n: U3 O
1983 $208 $235 5.6% Jobless rate was 10.8%9 l/ ?! i9 v+ q: q/ x: ?
1984 $185 $195 4.5% Increased defense spending2 E& U& Z, z3 w" T) R7 G
1985 $212 $256 4.8% Increased defense spending
8 I$ F5 T, O! o1986 $221 $297 4.8% Tax cut
@- }: ^5 p; m. t1987 $150 $225 3.1% Market crash
, }* R$ q' P/ g1988 $155 $252 2.9% Fed raised rates. [7 o/ }5 q7 F" v0 @
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget. W! T6 {! O6 c
1990 $221 $376 3.7% Desert Storm
8 i- ]6 `8 f% `. h9 W1991 $269 $432 4.3% Recession
8 Q8 \) A& z3 n1992 $290 $399 4.4% Expansion1 q* D% q8 c0 e3 g$ q2 r
1993 $255 $347 3.7% Clinton signed Budget Act5 z0 O$ Q5 y* }
1994 $203 $281 2.8% Clinton budget
& y' a- R* ^( k1995 $164 $281 2.1% Expansion* @! V/ \. }/ y
1996 $107 $251 1.3% Welfare reform" j, I' f \4 \5 ]$ x
1997 $22 $188 0.3% Expansion( G( x" F8 b" }+ s, ?/ L8 E
1998 ($69) $113 (0.8%) LTCM crisis, recession* E+ p6 W" w+ |3 h" {7 E0 b& |' v% L& x& B
1999 ($126) $130 (1.3%) Glass-Steagall repealed- {/ C: E! s2 \& u) J" s
2000 ($236) $18 (2.3%) Surplus
' o% n2 ]9 I2 j) o, z7 V% i% r2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA, p+ }' Y' |* S5 F) z& r6 N
2002 $158 $421 1.4% War on Terror
7 r O' E, O& O/ Q) o2003 $378 $555 3.3% JGTRRA
% |7 w8 P' ~* [; d( |' j9 o, D# A2004 $413 $596 3.4% Iraq War- [5 c( Z* g t
2005 $318 $554 2.4% Katrina, Bankruptcy Act
; J' e6 a, i* q3 u2006 $248 $578 1.8% Bernanke chairs Fed2 q: ]* B- r9 j
2007 $161 $501 1.1% Bank crisis
+ b6 e. {! X+ I/ U( n# y2008 $459 $1,017 3.1% Bank bailout, QE
! Q8 P& W. W, }) E4 s# L; ~2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B( k. d9 O6 a9 L r2 b) w, l
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
6 E0 p, g5 ~( i' @3 B) b2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue! Z0 U, l! X7 d: R) x
2012 $1,087 $1,276 6.7% Fiscal cliff8 |" @% j C" Y) c/ ^: L& R/ p
2013 $679 $672 4.0% Sequester, government shutdown. _# V6 [# f' j1 e8 z# \
2014 $485 $1,086 2.7% Debt ceiling
% T# |$ `: I3 i6 J; o2015 $438 $327 2.4% Defense = $736.4B# z) r7 w4 V9 ^, A
2016 $585 $1,423 3.1% Defense = $767.6B" z9 q$ C7 b+ }
2017 $665 $672 3.4% Defense = $817.9B! f8 K& Q' r$ `* t' c' \
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
' c# m; D+ ?& `1 [0 o) V8 H/ m$ C2019 $1,091 $1,314 NA Defense = $956.5B
, v/ O" o7 @! n% n, c2020 $1,101 $1,281 NA Defense = $989B* P& [/ z# c& K* W+ u
2021 $1,068 $1,276 NA NA9 G! q! @/ t7 y0 V$ w, }7 I
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