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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 6 O+ S% w/ o" G7 z8 d
4 f% }) G0 K* f6 y6 R4 V$ j7 S7 [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. P8 w7 G2 m; E% z* N! o
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
5 |$ u. ~7 ^! w' m- }" m) q1929 ($1) ($1) (0.7%) Market crash
0 e/ a" J% e5 P: ^9 E- I; \1930 ($1) ($1) (0.8%) Smoot-Hawley1 q7 I8 {3 n# W1 I2 X, |" U
1931 $0 $1 0.6% Dust Bowl
( U1 Z7 ^# M" y9 r) c6 Q+ r1932 $3 $3 4.5% Hoover tax hike
( t6 k5 k4 M6 H8 K4 t& \+ ]1933 $3 $3 4.5% FDR New Deal2 U5 `3 `. I7 H: w. C0 c+ t! l
1934 $4 $5 5.4% GDP up 10.8%, debt also rose: X, d0 M" w [( u
1935 $3 $2 3.8% Social Security
4 u) t9 J8 m# R- S1936 $4 $5 5.1% Tax hikes# P5 h: d7 X8 |7 K
1937 $2 $3 2.4% Depression returned, third New Deal2 _- M; d+ m& Z2 @
1938 $0 $1 0.1% Dust Bowl ended" t/ M1 G" v; K
1939 $3 $3 3.0% Depression ended% Y4 h8 x6 m1 G0 ]
1940 $3 $3 2.8% Defense increased q8 J3 b7 V% g. ?, B
1941 $5 $6 3.8% Pearl Harbor1 Y0 e1 d, n6 z$ T- C2 P( S) {* p
1942 $21 $23 12.3% Battle of Midway
) j& p b' l. i6 w0 I; W1943 $55 $64 26.9% Defense tripled8 `# F' y* I B& o9 ^
1944 $48 $64 21.2% Bretton Woods
. D3 r, E" C7 P1 O6 \* n1945 $48 $58 20.0% WWII ended
0 V. \2 a* Q* @ q: K1946 $16 $11 7.0% Recession- _: z4 A+ \, o% o" Y
1947 ($4) ($11) (1.6%) Cold War4 L9 \4 @3 L1 E7 @' k
1948 ($12) ($6) (4.2%) Recession
' h; n5 X1 D. i/ g9 L% r1949 ($1) $0 (0.2%) Recession
2 L9 U+ E9 ^0 O$ O' C1950 $3 $5 1.0% Korean War7 k3 j' a# V( v+ s6 v
1951 ($6) ($2) (1.7%) Expansion
- b; W" C* [3 w2 Z! g1952 $2 $4 0.4% Expansion& v, x/ C% X5 y7 I' ^
1953 $6 $7 1.7% Korean War ended, recession: K) r* u8 @8 ^+ x
1954 $1 $5 0.3% Recession, Eisenhower budgets
3 k6 f5 u6 o' c- \1955 $3 $3 0.7% Expansion, R" X2 k) }# B7 u
1956 ($4) ($2) (0.9%) Expansion, H9 N8 Q9 F( X# [7 x, n* B
1957 ($3) ($2) (0.7%) Recession6 [4 K) Y. j; _
1958 $3 $6 0.6% Recession ended
4 ?; ]& a A+ V. H- c1959 $13 $8 2.4% Fed raised rates4 ~6 X. P5 o: B; I y) ~2 ]
1960 $0 $2 (0.1%) Recession
: [* F& m3 v8 {3 u3 g$ y; @0 h, T1961 $3 $3 0.6% JFK & Bay of Pigs% C: _4 G( E" f8 y, o, |- L' M
1962 $7 $10 1.2% Cuban Missile Crisis
' ~9 ], l/ ^9 Q6 k9 H5 ?1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed+ y* j3 X l3 L4 Z
1964 $6 $6 0.9% LBJ War on Poverty2 Y0 v/ [* ]! D1 Y; U
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War7 h; ?/ C) L5 N
1966 $4 $3 0.5% ) Z8 r: Z" Z/ Z+ |4 W- [, X
1967 $9 $6 1.0% Expansion1 p$ [( n0 N' }9 _& C9 L3 X5 R
1968 $25 $21 2.6% Moon landing
* {1 Z4 V$ W L8 s* H7 {- S1969 ($3) $6 (0.3%) Nixon took office* F& h& t4 X" {4 d' y1 b4 P
1970 $3 $17 0.3% Recession
9 l% z9 E3 D/ J. S' g& H) m1971 $23 $27 2.0% Wage-price controls
* h7 f1 h' i: q1972 $23 $29 1.8% Stagflation1 Z+ R) \- R* Q9 a M( [& J/ @
1973 $15 $31 1.0% End of gold standard9 n' ]8 Y9 X# w' G: r' |, e
1974 $6 $17 0.4% Budget process created, Watergate
9 u2 O/ \, p4 ~: u1 u; N1975 $53 $58 3.1% Ford budget, Vietnam War ended6 n# j( w% t/ ?0 a: ^- p
1976 $74 $87 3.9% Stagflation$ K$ I) \7 S- J# F# h, B7 E: ?% h; M
1977 $54 $78 2.5% Stagflation4 W5 K9 y* G4 v. K5 |# O) Q
1978 $59 $73 2.5% Carter budget, Recession0 W1 n, @) l5 H ~9 n' w. c8 q% @
1979 $41 $55 1.5% Recession
! R; _5 M" f4 o( |1980 $74 $81 2.6% Volcker raised rates to 20%
5 n$ |4 v! H$ d# o- a# I4 b% v1981 $79 $90 2.4% Reagan tax cut
2 Y- c; Z, B' C& U: o* {1982 $128 $144 3.8% Reagan increased spending) y5 N" H# P. [& \ Y2 o
1983 $208 $235 5.6% Jobless rate was 10.8%
( V$ V( ?/ m+ X' T! z" i3 T1984 $185 $195 4.5% Increased defense spending# i2 g2 q' ^' R) T' w
1985 $212 $256 4.8% Increased defense spending) J) m4 {4 l- C8 ?% ^3 b
1986 $221 $297 4.8% Tax cut
3 N0 _) d4 s3 A% B ]1 l8 b) S/ B1987 $150 $225 3.1% Market crash
- k: g" B1 M) x G# H$ h1988 $155 $252 2.9% Fed raised rates. q. j' X& _# w& e) U
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget, @1 Y- |; ^3 b* F+ Q. \* W) n% s
1990 $221 $376 3.7% Desert Storm
3 S- P) j& V# U( w1991 $269 $432 4.3% Recession5 Q0 h; X' J$ I; ]" I/ s
1992 $290 $399 4.4% Expansion
8 H" c: g( d& I1993 $255 $347 3.7% Clinton signed Budget Act
, ?5 J) t3 i4 w- D% T& }1994 $203 $281 2.8% Clinton budget+ A9 Y+ X2 H2 Q) F
1995 $164 $281 2.1% Expansion
+ l2 T- F7 q/ M9 e. g: X1996 $107 $251 1.3% Welfare reform
2 _1 s5 @3 O) |* E& H1997 $22 $188 0.3% Expansion
( T7 l5 g) O/ Z- m2 c) Q( S' @( l1998 ($69) $113 (0.8%) LTCM crisis, recession
1 L9 W ]; H; p2 b1999 ($126) $130 (1.3%) Glass-Steagall repealed( |5 c6 Z8 i2 h- B$ U8 s
2000 ($236) $18 (2.3%) Surplus
' `$ l/ G3 i' }: E2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
5 g9 w3 ^8 D9 t2002 $158 $421 1.4% War on Terror D1 r8 B0 ]! I X( J
2003 $378 $555 3.3% JGTRRA
6 w2 i' M# t, B2 a1 W# M! B2004 $413 $596 3.4% Iraq War1 Y$ g2 o. p" M+ d/ Y$ r: r4 P' a5 p
2005 $318 $554 2.4% Katrina, Bankruptcy Act1 B6 f; r6 T* l3 Y
2006 $248 $578 1.8% Bernanke chairs Fed, h2 p1 v# ^- {$ x
2007 $161 $501 1.1% Bank crisis
, b& W3 S6 u. n! }9 A2008 $459 $1,017 3.1% Bank bailout, QE0 s4 G- j" H- e6 g6 F
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B1 m0 n. x+ Z6 }2 E
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles/ S& p5 x; Y( o
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
% E1 v0 M, |0 a+ i2 Z$ L2 v2012 $1,087 $1,276 6.7% Fiscal cliff- \7 O$ z* D ], P& D
2013 $679 $672 4.0% Sequester, government shutdown: Q, F8 d6 L7 p( c @, d
2014 $485 $1,086 2.7% Debt ceiling$ [1 T* P1 o& `2 \; [" E" h7 D
2015 $438 $327 2.4% Defense = $736.4B
; v0 [$ G% K4 [( E* E# N9 g' F! d# X2016 $585 $1,423 3.1% Defense = $767.6B# O4 o& S& t3 D+ S% _" C7 @
2017 $665 $672 3.4% Defense = $817.9B
t7 j" ^% \; Y& ]/ b2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
( W" |7 a1 y" E# G( A2019 $1,091 $1,314 NA Defense = $956.5B5 ]. D3 }0 D% q5 f- D, q, S6 P
2020 $1,101 $1,281 NA Defense = $989B
) p$ J9 r8 @2 }# k7 h4 c2021 $1,068 $1,276 NA NA8 M' Y$ T4 A; f) e: h
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