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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. ; b5 c5 Q4 Z, I- T4 X. E- H
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2020财年美国预算赤字预计为1.1万亿美元* ~/ c6 }5 d) ?+ [" K5 r+ @5 i& B
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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.7 `: d6 T4 p+ }& ~
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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7 e0 ~4 J t" S6 mFiscal Year Deficit (in billions) Debt Deficit/GDP Events1 H' \$ _" a/ P" w
1929 ($1) ($1) (0.7%) Market crash
9 h3 Z. J; ?, t7 I$ o1930 ($1) ($1) (0.8%) Smoot-Hawley) Q/ q4 y) b! p3 T" ^* K
1931 $0 $1 0.6% Dust Bowl
3 B0 _$ z7 L/ N9 j! Q" g0 e1932 $3 $3 4.5% Hoover tax hike# P0 _* L/ N# E: ?
1933 $3 $3 4.5% FDR New Deal+ y6 e' p s! e/ y6 c5 ?; z
1934 $4 $5 5.4% GDP up 10.8%, debt also rose x. u0 d! ~; Z# @
1935 $3 $2 3.8% Social Security
: F, b, A! t4 K5 G' }3 I% j6 O, \& m1936 $4 $5 5.1% Tax hikes
& j" i8 i1 U- D5 o1 m/ t/ J5 X1937 $2 $3 2.4% Depression returned, third New Deal
" f3 n. g& |0 x& d/ k/ m4 E1 ~: P6 D1938 $0 $1 0.1% Dust Bowl ended* ~/ g# C5 `3 K; p
1939 $3 $3 3.0% Depression ended
* l! U( c# B' C' Y9 F7 x1940 $3 $3 2.8% Defense increased J& c) J+ a2 P, j8 s$ B$ ?
1941 $5 $6 3.8% Pearl Harbor# a& f; [5 K6 }! a5 c) @
1942 $21 $23 12.3% Battle of Midway. ~6 Y e" Y2 _6 o& A" f. T- |
1943 $55 $64 26.9% Defense tripled
$ E* R2 V( G4 L) e! k' ^& y7 ~1944 $48 $64 21.2% Bretton Woods
% ]6 w* Q8 l: E- B9 A# e1945 $48 $58 20.0% WWII ended: s% F3 f/ @" P9 [3 k
1946 $16 $11 7.0% Recession0 V! v, V7 m7 V @! \2 g
1947 ($4) ($11) (1.6%) Cold War
7 S0 C$ v( I9 @$ I1948 ($12) ($6) (4.2%) Recession
9 |5 g5 s$ \) @1 Z8 ~+ D1949 ($1) $0 (0.2%) Recession3 _( S1 J3 [3 r
1950 $3 $5 1.0% Korean War* S* v# q$ @) Q. n! T9 u* B
1951 ($6) ($2) (1.7%) Expansion: L/ f) Z8 P1 t% r- z7 P }! j
1952 $2 $4 0.4% Expansion
* w+ Z; V- Y1 O3 [1953 $6 $7 1.7% Korean War ended, recession( z1 ]5 ?. J3 M L2 p
1954 $1 $5 0.3% Recession, Eisenhower budgets
' @. J3 d- m; }; C- ^- H' ]% |1955 $3 $3 0.7% Expansion* k$ L+ G% a2 v! q) Y
1956 ($4) ($2) (0.9%) Expansion
/ Y9 W" X' c# }% L, R& F; w. S& e; W/ M1957 ($3) ($2) (0.7%) Recession
& G- R6 a$ m ~: K1 J9 h/ y1958 $3 $6 0.6% Recession ended! _2 @: j! C; P8 [
1959 $13 $8 2.4% Fed raised rates
% P- c8 l* \& w; E1960 $0 $2 (0.1%) Recession, E8 M1 \( X2 }
1961 $3 $3 0.6% JFK & Bay of Pigs( A8 `. D$ t$ O
1962 $7 $10 1.2% Cuban Missile Crisis. D! U( q5 H/ O6 Q% s) L
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed& y0 W1 S' R0 V% j9 b$ j, [ p& p
1964 $6 $6 0.9% LBJ War on Poverty
" J. n3 p5 v8 I0 Q! B1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
( W: w" C/ X3 Y) ?- t1966 $4 $3 0.5%
0 `! n; w5 i, i7 `2 P# z- Z0 @1967 $9 $6 1.0% Expansion
' J# e; o" X. }2 @1968 $25 $21 2.6% Moon landing
9 H+ H0 l+ E, }/ S# ` M, Z1969 ($3) $6 (0.3%) Nixon took office8 r+ [( o. l1 C& j) K2 J
1970 $3 $17 0.3% Recession! m' B$ O8 S4 T. @
1971 $23 $27 2.0% Wage-price controls
! X6 u3 f) \* p& @ r1972 $23 $29 1.8% Stagflation
, `# N2 o7 m1 L2 ^1 q1973 $15 $31 1.0% End of gold standard% o6 z8 G9 P" p8 g8 N4 {# f
1974 $6 $17 0.4% Budget process created, Watergate
& o9 Q, M+ M7 N1975 $53 $58 3.1% Ford budget, Vietnam War ended! u: }) W% s O% u" q
1976 $74 $87 3.9% Stagflation
$ C3 ^ U& z1 W4 i9 m1 C1 p1977 $54 $78 2.5% Stagflation
4 o R; R- F0 A+ k% f1978 $59 $73 2.5% Carter budget, Recession
3 g9 C; ^/ A$ ]1979 $41 $55 1.5% Recession- A+ O- l1 S7 z1 Q: O P
1980 $74 $81 2.6% Volcker raised rates to 20%
2 [7 l7 `( G0 {4 Y9 S+ v1981 $79 $90 2.4% Reagan tax cut
2 e# n# j# z1 M% z. ~. S/ K: s1982 $128 $144 3.8% Reagan increased spending
# i+ ]6 w$ m, n1 K( `1983 $208 $235 5.6% Jobless rate was 10.8%, k# I9 V5 D! ?+ G* A
1984 $185 $195 4.5% Increased defense spending
5 r; o* B( i9 C1985 $212 $256 4.8% Increased defense spending- i) u0 [( L+ Q
1986 $221 $297 4.8% Tax cut
) s6 A" x6 f( d2 u8 C1987 $150 $225 3.1% Market crash- I4 _8 e; g' V1 a U
1988 $155 $252 2.9% Fed raised rates
7 n0 J( q7 ?8 h4 ?* S, I1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
$ B+ i( Z: H1 t) g% |1990 $221 $376 3.7% Desert Storm- @( s' R; ~# ?+ l
1991 $269 $432 4.3% Recession
9 g! O% m0 x4 Q5 ?1992 $290 $399 4.4% Expansion
8 Q8 u3 |; |# m" n1993 $255 $347 3.7% Clinton signed Budget Act/ Z+ x0 A j6 z j8 a9 K
1994 $203 $281 2.8% Clinton budget
# r3 a" M1 \7 m4 [' I0 o3 ^. w' O+ k, ?1995 $164 $281 2.1% Expansion
# x0 _+ |/ t* Z5 E1996 $107 $251 1.3% Welfare reform+ ]4 P+ p1 o2 A1 u) J; g
1997 $22 $188 0.3% Expansion
5 `; a; a' |2 }" w1998 ($69) $113 (0.8%) LTCM crisis, recession. p. a$ `& @. D0 x3 y8 ~$ R
1999 ($126) $130 (1.3%) Glass-Steagall repealed
% z: X4 E6 X9 w2 t3 c$ K( \2000 ($236) $18 (2.3%) Surplus
; F; f6 h. M j: e. F' {$ [2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
) G3 B4 @7 o! B @2002 $158 $421 1.4% War on Terror5 _7 x1 w$ T8 O+ w8 o& X& Y
2003 $378 $555 3.3% JGTRRA0 e) x) w# u% C- }) ]0 j" Q, A
2004 $413 $596 3.4% Iraq War3 ~' N$ I0 W+ _* k7 m1 ~3 w: w
2005 $318 $554 2.4% Katrina, Bankruptcy Act' o/ V2 ]: y) ?% X
2006 $248 $578 1.8% Bernanke chairs Fed5 p. x% G; @' ?/ Q, d
2007 $161 $501 1.1% Bank crisis
! D1 g1 K! m" m3 b2008 $459 $1,017 3.1% Bank bailout, QE
# y3 |$ g& ]8 j! f1 M2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
. F0 z. O3 t' [. T: ]9 c9 T, j2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
# n8 E; R) }4 ^9 }2 L6 l: K$ ^2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue( K- [7 u% N4 g: Q
2012 $1,087 $1,276 6.7% Fiscal cliff8 s" a# m! v' G+ A0 C: I3 D) N9 J0 ]
2013 $679 $672 4.0% Sequester, government shutdown/ U8 E3 z( I9 j$ A% |6 a
2014 $485 $1,086 2.7% Debt ceiling
$ F2 f1 j& z3 U' A2015 $438 $327 2.4% Defense = $736.4B
( O2 W" }- Q5 n9 }- a- m1 O6 s2016 $585 $1,423 3.1% Defense = $767.6B z. p) }! \0 q: h
2017 $665 $672 3.4% Defense = $817.9B y+ ~' N* B/ Y
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
! e6 ~# b' h! c' ]' @& M2019 $1,091 $1,314 NA Defense = $956.5B
( b: ^" Q! f9 Y2020 $1,101 $1,281 NA Defense = $989B* ?8 y" R& w p; E
2021 $1,068 $1,276 NA NA
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