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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. ) j; V% x) `( G1 |7 {0 W
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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., G' a: O! z4 c( r) j+ K
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 J" X" {+ u5 \4 _
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events4 F* @7 U, _2 Y
1929 ($1) ($1) (0.7%) Market crash
4 _( a$ d/ g+ m& C1930 ($1) ($1) (0.8%) Smoot-Hawley
+ }- A3 n. g7 U& H1931 $0 $1 0.6% Dust Bowl# T! G+ ]1 m, N" w* p: F
1932 $3 $3 4.5% Hoover tax hike
2 s2 x1 i+ J; T4 T! z1933 $3 $3 4.5% FDR New Deal) n( v* j! T/ Y J
1934 $4 $5 5.4% GDP up 10.8%, debt also rose9 R8 F0 j% r- U2 D h" T h
1935 $3 $2 3.8% Social Security1 M: e7 e8 X1 @
1936 $4 $5 5.1% Tax hikes" m2 e0 x1 f7 V
1937 $2 $3 2.4% Depression returned, third New Deal' s& O* X- y' q( b5 ~
1938 $0 $1 0.1% Dust Bowl ended% m, f5 H: p @- B# q& U
1939 $3 $3 3.0% Depression ended% j3 r% I0 D F$ o+ t
1940 $3 $3 2.8% Defense increased5 g% W' Y) ~8 O" Y
1941 $5 $6 3.8% Pearl Harbor& l0 W! } ~+ X: h9 V+ \ l
1942 $21 $23 12.3% Battle of Midway
1 _7 b- j+ O( t' k) L. Z, A1943 $55 $64 26.9% Defense tripled% [% S- z) b/ N p( }8 t
1944 $48 $64 21.2% Bretton Woods$ L2 t! w# y" B' l
1945 $48 $58 20.0% WWII ended/ D. M4 |( O" S& c* ]0 a9 Y- d, g% G z
1946 $16 $11 7.0% Recession
M$ P7 U$ E0 r$ N0 u( U) j: m1947 ($4) ($11) (1.6%) Cold War
, O. T" O8 E% s, N) V1948 ($12) ($6) (4.2%) Recession
) h* T Z# v' v8 V2 d1949 ($1) $0 (0.2%) Recession
) E! L7 e% @7 W. j: w; |% b/ u1950 $3 $5 1.0% Korean War& f/ t* ]5 u& F( k) v) p0 g# F6 @6 l
1951 ($6) ($2) (1.7%) Expansion) F; q# V1 r5 {: _: k3 w( f: |6 Y, a
1952 $2 $4 0.4% Expansion/ h# _6 F1 K& M% {" ~0 ^- G1 I
1953 $6 $7 1.7% Korean War ended, recession. K$ n1 r' o- x- S: c
1954 $1 $5 0.3% Recession, Eisenhower budgets
. ^+ ?# W$ N" M+ J) E& N; `1955 $3 $3 0.7% Expansion, ?+ ^: l( x7 R5 _! @, S3 ^9 L8 k
1956 ($4) ($2) (0.9%) Expansion! Z9 w* `" }/ Z3 Z" C3 I9 b0 C
1957 ($3) ($2) (0.7%) Recession$ c0 ]8 X- r( t& K5 \, W- g
1958 $3 $6 0.6% Recession ended
0 K% _/ b+ ~9 a; ^1959 $13 $8 2.4% Fed raised rates
% A1 i( \6 y$ c# _% Z, ~) L1960 $0 $2 (0.1%) Recession! @2 ~2 o& E. X: v1 G
1961 $3 $3 0.6% JFK & Bay of Pigs
6 c4 g9 q& v0 B" Q: L0 |1962 $7 $10 1.2% Cuban Missile Crisis$ k* }0 b& U) X5 v# w2 ~* T
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
g. @# K1 {) k1964 $6 $6 0.9% LBJ War on Poverty
Z& z" n: k/ f6 m) O+ } Z& W1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
b5 t. C* p( ]& E* Z1966 $4 $3 0.5% - N2 O$ ^. Z( N! d+ i h
1967 $9 $6 1.0% Expansion
8 G8 q: ~0 ~" k% D1968 $25 $21 2.6% Moon landing x2 Q0 m( @- B4 x2 _1 v
1969 ($3) $6 (0.3%) Nixon took office0 a+ n2 o) N7 t- u/ d
1970 $3 $17 0.3% Recession
+ Z F8 ~, U5 n6 i1971 $23 $27 2.0% Wage-price controls
7 N5 |2 L9 y. q2 [1972 $23 $29 1.8% Stagflation% o; }4 |: U; d2 ?, V) j9 k+ b
1973 $15 $31 1.0% End of gold standard1 i0 [ L5 F- N- @+ U, M
1974 $6 $17 0.4% Budget process created, Watergate
6 I' m1 E3 ` K' j9 ?, B, Z1975 $53 $58 3.1% Ford budget, Vietnam War ended
) o, [0 H. } {) X3 `1976 $74 $87 3.9% Stagflation
0 n7 ]" q" D7 p1977 $54 $78 2.5% Stagflation1 F0 b% l* X) X% U2 r9 n( O
1978 $59 $73 2.5% Carter budget, Recession
+ y8 t- c! B+ w) h; d$ @- y o9 S1979 $41 $55 1.5% Recession2 p+ f9 e3 w. l4 Q3 }8 p0 p5 }: X- l% {% Q
1980 $74 $81 2.6% Volcker raised rates to 20%
' `# J: K5 X: I9 S, Y1 H; Z' A1981 $79 $90 2.4% Reagan tax cut
( ]9 O6 Q \! [8 G, q2 J; l1982 $128 $144 3.8% Reagan increased spending
, j# V. l7 h: Z* W5 C* v) f1983 $208 $235 5.6% Jobless rate was 10.8%
- n" v6 Y' d1 j; Q9 H6 D1984 $185 $195 4.5% Increased defense spending$ N x3 e, d; M; P
1985 $212 $256 4.8% Increased defense spending
" Y d& N9 I1 V' y, B9 V1986 $221 $297 4.8% Tax cut
9 A z: I- [- d; e1 H1987 $150 $225 3.1% Market crash
7 W3 U" T& p$ J1 x* S1988 $155 $252 2.9% Fed raised rates+ [* y) S3 Y0 ]0 Z, W U3 A
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget& a: O$ o+ k+ k$ v8 ^. e! {
1990 $221 $376 3.7% Desert Storm
: A# X( [0 e+ M7 l/ `9 ]* O- G1991 $269 $432 4.3% Recession9 c# O' @" a+ E; s: m
1992 $290 $399 4.4% Expansion
/ _0 ~ B6 P; f5 W1 P$ W3 v1993 $255 $347 3.7% Clinton signed Budget Act X4 k! g8 y; ^5 y
1994 $203 $281 2.8% Clinton budget
1 ?; c3 F) u& h$ Y1 t+ J1995 $164 $281 2.1% Expansion
1 W( n$ c; O* l' L: I8 ]" p1996 $107 $251 1.3% Welfare reform3 G& s3 L1 y' ^8 X
1997 $22 $188 0.3% Expansion- S) _) s$ _1 ~5 h
1998 ($69) $113 (0.8%) LTCM crisis, recession
: B6 i+ Z8 t j7 X1999 ($126) $130 (1.3%) Glass-Steagall repealed
" G5 \9 {% J! _) X) k# W: ]2000 ($236) $18 (2.3%) Surplus
, B( x: @2 j9 s, ^! L2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA" M, V1 L" r" p
2002 $158 $421 1.4% War on Terror. G+ x2 G2 E4 i# e1 @1 F0 |3 n' L8 }
2003 $378 $555 3.3% JGTRRA" L' u: k' R+ k9 U% n
2004 $413 $596 3.4% Iraq War' l l( o( M+ U7 C
2005 $318 $554 2.4% Katrina, Bankruptcy Act
; K2 P2 Q: Q% C* \+ t2006 $248 $578 1.8% Bernanke chairs Fed
# c) C. k7 Z! U* l2007 $161 $501 1.1% Bank crisis
" k1 Z) t$ }- n( y2008 $459 $1,017 3.1% Bank bailout, QE& V" f' q6 p3 m% ~( s8 a. l8 a5 i
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
% ?, M2 x$ u9 i7 _& K% n2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
! `- o% H: L! o7 U' M0 \2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue7 N, S K. p, n& o
2012 $1,087 $1,276 6.7% Fiscal cliff3 j' \0 M6 w4 ?& D n
2013 $679 $672 4.0% Sequester, government shutdown6 e9 R% h- f; b7 Y6 J; A: x
2014 $485 $1,086 2.7% Debt ceiling7 ^% s9 ~* U% A3 M% w+ j8 n( {
2015 $438 $327 2.4% Defense = $736.4B
7 s7 v+ G$ J8 p( o% V. x% ~2016 $585 $1,423 3.1% Defense = $767.6B
" s; v" ?; n5 X2017 $665 $672 3.4% Defense = $817.9B
7 z* a6 M! b& |. _: ?, q5 ]0 N. h2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts" _/ K, D5 ^7 m) v4 u' y3 F
2019 $1,091 $1,314 NA Defense = $956.5B
- ?5 R% n7 v* V4 z: R" M' q2020 $1,101 $1,281 NA Defense = $989B" g% ~2 ]! K! V' z! |
2021 $1,068 $1,276 NA NA
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