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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. - x0 u( W9 m! [/ A& i
4 C, g$ X. O `& C y% Z! W" `2020财年美国预算赤字预计为1.1万亿美元
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: ?3 I: y1 x. K3 U! J ^( [0 |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.( q+ Z) U% J7 C! k. Z( _- N3 v
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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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
! X1 [6 S1 H# ]9 x/ n: P- L1929 ($1) ($1) (0.7%) Market crash1 p+ A! |5 M- t; \
1930 ($1) ($1) (0.8%) Smoot-Hawley( s- Q/ q. R( S: v
1931 $0 $1 0.6% Dust Bowl
' J1 ]& C" X- ^2 S1 ~8 x1932 $3 $3 4.5% Hoover tax hike
! \# r: A0 D: U1933 $3 $3 4.5% FDR New Deal
# M4 u" b- q. F$ n3 i2 [/ o, s/ m1934 $4 $5 5.4% GDP up 10.8%, debt also rose: E" ?$ C% V5 x( W* t# o
1935 $3 $2 3.8% Social Security
/ _+ C e: G+ ]9 B+ A1936 $4 $5 5.1% Tax hikes+ |- W) r( @& u# v6 `8 d$ i
1937 $2 $3 2.4% Depression returned, third New Deal0 x) f( s# n; N& V5 b
1938 $0 $1 0.1% Dust Bowl ended
) X1 o" c4 q, E7 w# p6 O2 ~- I1939 $3 $3 3.0% Depression ended
4 i9 U o- c$ U7 h1940 $3 $3 2.8% Defense increased
% W1 z" F& U$ w+ _, ^1941 $5 $6 3.8% Pearl Harbor
4 j, J6 ?- t5 f. j; s" \; r K# O7 f1942 $21 $23 12.3% Battle of Midway
* Q# f1 w1 l5 b- X$ P0 }! j- K1943 $55 $64 26.9% Defense tripled3 _) o* s# Q4 C2 d, H
1944 $48 $64 21.2% Bretton Woods
* A# f( q: @! @1945 $48 $58 20.0% WWII ended1 X1 E& H7 I) n* e$ z, ?
1946 $16 $11 7.0% Recession
" n5 u1 _; O4 G$ K$ N T4 ?) d1947 ($4) ($11) (1.6%) Cold War
+ n4 e( z1 ?& }0 s: l# z! l1948 ($12) ($6) (4.2%) Recession) ^, h/ M6 F/ z$ d4 C' U
1949 ($1) $0 (0.2%) Recession' @) F! j# i2 x, Y
1950 $3 $5 1.0% Korean War
6 t' v1 @) Q4 A1 E1951 ($6) ($2) (1.7%) Expansion$ [+ y/ G6 @ F9 T% y& p3 q
1952 $2 $4 0.4% Expansion+ B* k7 u! K. {+ V* `# Q" v1 l
1953 $6 $7 1.7% Korean War ended, recession
+ R) e" v H# ~: ]1954 $1 $5 0.3% Recession, Eisenhower budgets% ^6 I8 l) V0 w- Z; A3 ^4 i* B
1955 $3 $3 0.7% Expansion/ j5 F; ?% G" w5 ? W6 Q1 C
1956 ($4) ($2) (0.9%) Expansion
/ W2 a* b; L* ^$ l1957 ($3) ($2) (0.7%) Recession* ~* g& V) o* a) `7 s+ P' d+ G
1958 $3 $6 0.6% Recession ended
; }& J$ U: b& V% y R1959 $13 $8 2.4% Fed raised rates
# @+ k5 P8 v& n1960 $0 $2 (0.1%) Recession
7 u" U- k* | T1961 $3 $3 0.6% JFK & Bay of Pigs! |& O8 r! r7 e: t5 z" T) g
1962 $7 $10 1.2% Cuban Missile Crisis
/ {: s6 a z3 s1 d6 A1 C1 o8 A1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed1 e; K: m) b' m6 `5 I) z2 {
1964 $6 $6 0.9% LBJ War on Poverty) B% A4 G/ ]7 V" i: W0 I0 a# q
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War4 e8 l& |5 k! ^6 N G
1966 $4 $3 0.5% 1 }1 C+ ~( }8 n: ~% |7 ~1 a+ R$ W
1967 $9 $6 1.0% Expansion7 P1 b; t* h& n* M
1968 $25 $21 2.6% Moon landing
; K8 }. G+ A+ f0 x" L' U0 k N4 I6 H1969 ($3) $6 (0.3%) Nixon took office
: o2 b& F, X) k( x9 J1970 $3 $17 0.3% Recession
' M3 o& W+ Q- e$ q' X1971 $23 $27 2.0% Wage-price controls Y& ]" f/ r* C/ t: J0 o5 I" }% i0 `
1972 $23 $29 1.8% Stagflation
6 T) D1 `2 r; L6 z3 V7 m9 [" r. g, ^1973 $15 $31 1.0% End of gold standard2 d/ I# u9 J# G
1974 $6 $17 0.4% Budget process created, Watergate
) M2 J7 h+ D9 H& b1975 $53 $58 3.1% Ford budget, Vietnam War ended
4 g6 T2 c1 ?% ?: P) \1 H1976 $74 $87 3.9% Stagflation) t4 {1 e" ~" a
1977 $54 $78 2.5% Stagflation
& a4 ~: Q; t$ P' \' ?1978 $59 $73 2.5% Carter budget, Recession, ]) t, K! z" k" h+ J
1979 $41 $55 1.5% Recession" ], z* \3 j9 a% m+ l4 B
1980 $74 $81 2.6% Volcker raised rates to 20%
8 H/ _1 ~7 H# }8 u! S/ e1981 $79 $90 2.4% Reagan tax cut0 b: ^- F) N5 s7 Y# ~
1982 $128 $144 3.8% Reagan increased spending8 X: w4 `9 G/ F
1983 $208 $235 5.6% Jobless rate was 10.8%7 i' Q: ~. h, p* R- F, C
1984 $185 $195 4.5% Increased defense spending, h% b2 r; ~) ?& f' w5 F
1985 $212 $256 4.8% Increased defense spending6 \0 d+ \* {! l4 ]
1986 $221 $297 4.8% Tax cut: b( e$ l% w9 B; R
1987 $150 $225 3.1% Market crash
: z; g& X7 Z2 e7 P% x1988 $155 $252 2.9% Fed raised rates
& E8 Z( K! K! Y2 _& n1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
' B2 O- D) x5 y. c1990 $221 $376 3.7% Desert Storm, b ?5 n' j, A5 D6 e, |" v" n
1991 $269 $432 4.3% Recession8 U7 J. |- }- |$ X9 _$ C+ n' H+ R
1992 $290 $399 4.4% Expansion
) t9 v& w4 L$ B) i1993 $255 $347 3.7% Clinton signed Budget Act
0 E1 a+ g- m- A% L' j- |! T1994 $203 $281 2.8% Clinton budget
, ~% H; N7 ]2 u- E2 U1995 $164 $281 2.1% Expansion
( F, m% u; U/ s* ~! S- C1 G1996 $107 $251 1.3% Welfare reform
% E! O1 W( T2 E1997 $22 $188 0.3% Expansion
1 H3 a6 s1 Y+ Q7 l- u! S3 H a1998 ($69) $113 (0.8%) LTCM crisis, recession% F b4 I, N9 L6 Q3 J8 t" K) ~
1999 ($126) $130 (1.3%) Glass-Steagall repealed1 u! V- U0 v0 w2 ^+ X- K; v' a
2000 ($236) $18 (2.3%) Surplus
4 B k; y& E1 C1 h+ o: Z h2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
. D8 ^. H K! Y2002 $158 $421 1.4% War on Terror
/ c7 K& a! B; L! E6 {2 n. p3 L2003 $378 $555 3.3% JGTRRA9 ~- w# z6 R* n9 P+ i$ a" z
2004 $413 $596 3.4% Iraq War% y# h# P6 ~, r) z% c
2005 $318 $554 2.4% Katrina, Bankruptcy Act
! J" b. x" f* g" e! ^6 _) `7 f2006 $248 $578 1.8% Bernanke chairs Fed9 g h3 u1 c: O1 P. o
2007 $161 $501 1.1% Bank crisis
: h$ M) u2 i( f9 \2008 $459 $1,017 3.1% Bank bailout, QE
7 Q1 o0 _# S% @/ U2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
- l3 |; |7 d, f3 ~1 W2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles2 d3 g; A, {' \
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue3 C- {7 N/ k# z, a5 c3 N$ n
2012 $1,087 $1,276 6.7% Fiscal cliff
* P& f, g0 k0 r. y* L- d) R% g) O% u2013 $679 $672 4.0% Sequester, government shutdown N: \: s) ?* {. e
2014 $485 $1,086 2.7% Debt ceiling
# l5 l ?# I. f0 S3 `+ |2015 $438 $327 2.4% Defense = $736.4B! W1 B7 w. `& {0 r+ u
2016 $585 $1,423 3.1% Defense = $767.6B) N3 b Y2 [) W/ Y6 y
2017 $665 $672 3.4% Defense = $817.9B
2 T; o- B) X U; E1 ~# M2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
9 M1 \+ `5 \. E r6 r2019 $1,091 $1,314 NA Defense = $956.5B: S- y- {1 d0 J0 T/ c$ h! {) U
2020 $1,101 $1,281 NA Defense = $989B
; |/ @# C& F0 e V* G2021 $1,068 $1,276 NA NA3 @* P) B" p L0 m, D3 E: A7 ?, d
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