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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元
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! O4 R$ \$ W6 ^. gThe 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.: D8 k# I( D4 s9 [/ M) F7 A6 v; 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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, O% v" ~9 B8 n0 m3 @Fiscal Year Deficit (in billions) Debt Deficit/GDP Events; n3 D; K1 `2 ]6 d: c7 N
1929 ($1) ($1) (0.7%) Market crash
, `# |6 V* s. C% O# }) N3 c1930 ($1) ($1) (0.8%) Smoot-Hawley" {8 O. o! D3 d5 M9 b0 D
1931 $0 $1 0.6% Dust Bowl5 a% x. T4 Z: [
1932 $3 $3 4.5% Hoover tax hike
' n5 e/ [, l+ M) u6 r1933 $3 $3 4.5% FDR New Deal
) [2 {+ r* `" k1 b' c) r/ \! b) ]4 F1934 $4 $5 5.4% GDP up 10.8%, debt also rose
2 Z/ m- r! n$ ?- b+ t$ g) s; R4 H1935 $3 $2 3.8% Social Security" @8 r+ k2 n( V! j5 H
1936 $4 $5 5.1% Tax hikes, r8 x1 I3 E' ?& t# l* o7 ? [
1937 $2 $3 2.4% Depression returned, third New Deal
# J9 H! H2 j0 L/ H1938 $0 $1 0.1% Dust Bowl ended
6 g; f8 k0 F# W' S0 D% E/ Q1939 $3 $3 3.0% Depression ended
. w4 R. X6 Z: o7 |4 d1940 $3 $3 2.8% Defense increased
2 o" ~; \0 ^& z2 c; g1941 $5 $6 3.8% Pearl Harbor
' l/ u! |6 @5 o6 {: { P1942 $21 $23 12.3% Battle of Midway
" R: Q$ ^6 M# A) j% C$ ]8 l1943 $55 $64 26.9% Defense tripled a5 D" f7 T* d1 h" w% a
1944 $48 $64 21.2% Bretton Woods' v0 o; {4 a% k& h) |
1945 $48 $58 20.0% WWII ended
& X! S z0 @! M" W+ B1946 $16 $11 7.0% Recession
2 Q$ M; L, s, ~! g1947 ($4) ($11) (1.6%) Cold War: C. x& }- q+ ^1 C3 e" h( t& k5 O
1948 ($12) ($6) (4.2%) Recession. \3 e$ O3 [6 E2 H/ b! Y
1949 ($1) $0 (0.2%) Recession
7 K, e6 [1 t8 K; W% O1 g1950 $3 $5 1.0% Korean War
; z2 }1 v. A6 `3 b1951 ($6) ($2) (1.7%) Expansion
8 ?9 C0 X# _: _; C/ t: ]) t1952 $2 $4 0.4% Expansion
/ ~- e" [/ Q8 i0 r8 b( Q1953 $6 $7 1.7% Korean War ended, recession
: @, ~. E/ E7 I' d/ M1954 $1 $5 0.3% Recession, Eisenhower budgets) e! {- i$ T8 R1 g7 j6 R: l1 F, B
1955 $3 $3 0.7% Expansion
' v3 H+ x) Y. P3 q8 Y6 R" A1956 ($4) ($2) (0.9%) Expansion* w! w8 I$ Z$ K7 J, ?
1957 ($3) ($2) (0.7%) Recession# K' x6 o3 U1 C: W. }! R6 U0 b
1958 $3 $6 0.6% Recession ended
$ Q3 a* N6 c! u5 c; c1959 $13 $8 2.4% Fed raised rates' K B k6 y+ w1 z! b. p+ Y0 F
1960 $0 $2 (0.1%) Recession" g* {8 I" o; W6 {* G8 ~
1961 $3 $3 0.6% JFK & Bay of Pigs
: j! _" W( r+ A1962 $7 $10 1.2% Cuban Missile Crisis% F5 {, ]8 `. ^* \6 o- Z( }
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed2 ^$ A: V0 m- \1 W: g
1964 $6 $6 0.9% LBJ War on Poverty- S6 S! \( K( X1 j; T
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
2 C, N! \+ q3 L! m. C1 z1966 $4 $3 0.5%
. ^3 W4 ^0 w& b1 c F* C* ?1967 $9 $6 1.0% Expansion1 W) f: E+ y+ J! s( }4 ]" A
1968 $25 $21 2.6% Moon landing
2 \; ?* P- k7 r1 I( y$ s1969 ($3) $6 (0.3%) Nixon took office
6 S7 g6 C* X* z7 R9 |1 E3 |1970 $3 $17 0.3% Recession
2 {, a, g k2 S8 u4 s% }/ ^& l1971 $23 $27 2.0% Wage-price controls5 x9 q6 p; |6 _4 D5 a
1972 $23 $29 1.8% Stagflation$ c$ ?; z5 Q) @9 K" h/ J- A
1973 $15 $31 1.0% End of gold standard2 z4 d" _1 K8 h2 I( b
1974 $6 $17 0.4% Budget process created, Watergate& v5 |3 I. |) r1 n/ @: w
1975 $53 $58 3.1% Ford budget, Vietnam War ended" ]6 E0 w% ?* Y+ d
1976 $74 $87 3.9% Stagflation i2 q8 j. u0 G- e! [0 @
1977 $54 $78 2.5% Stagflation6 c r3 n0 i: l8 g) x
1978 $59 $73 2.5% Carter budget, Recession$ e# A3 @/ b4 J1 c$ E
1979 $41 $55 1.5% Recession
' F4 k- c- E. s a6 P& N+ s1980 $74 $81 2.6% Volcker raised rates to 20%
" m& T, n. s- `$ k0 ]- I1981 $79 $90 2.4% Reagan tax cut/ O: s9 f, d% G3 n: t8 H% r* F
1982 $128 $144 3.8% Reagan increased spending
$ n/ E, }0 e" R: t3 I1983 $208 $235 5.6% Jobless rate was 10.8%
7 d1 m- _4 ^0 y" v: J# l2 [ V, }1984 $185 $195 4.5% Increased defense spending
2 t" \' j1 r9 X- Q8 \1985 $212 $256 4.8% Increased defense spending
3 |1 n% W1 l; }: x; x4 y1986 $221 $297 4.8% Tax cut. ?& B# H6 h4 H! _' ` e
1987 $150 $225 3.1% Market crash( f0 R4 n: m5 c( o. \8 P2 q, H" D
1988 $155 $252 2.9% Fed raised rates' ` d: O1 _) O* W' F& \, L- h9 c
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
) Z5 q% k3 z u# V) J1990 $221 $376 3.7% Desert Storm
/ ~5 c" z+ V4 y5 C4 Q- P/ `- x1991 $269 $432 4.3% Recession
$ T% ^9 z# z9 |, V; k+ K) t* s1992 $290 $399 4.4% Expansion
9 n$ ]6 w( q/ {* d$ v1993 $255 $347 3.7% Clinton signed Budget Act; R# m+ D1 \% f; ?
1994 $203 $281 2.8% Clinton budget
- S& Z5 v+ ]& h6 M8 a% V1995 $164 $281 2.1% Expansion1 N1 k% l# p$ d* b. `* M7 O' ?
1996 $107 $251 1.3% Welfare reform/ K6 Z0 Y0 A- [6 n
1997 $22 $188 0.3% Expansion' h' ^4 }. h5 f$ I5 j: H
1998 ($69) $113 (0.8%) LTCM crisis, recession
# P7 k7 j0 r9 B6 g; o- }7 F1999 ($126) $130 (1.3%) Glass-Steagall repealed
" ~3 @# _4 d n$ s2000 ($236) $18 (2.3%) Surplus. O! w% H; Y1 |* m, d! j6 X2 `
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA" F8 P% r2 T9 l& m/ ^. E6 N( y) |
2002 $158 $421 1.4% War on Terror5 k- `: F( G% n8 I& P1 M
2003 $378 $555 3.3% JGTRRA, J! s1 {/ F8 s" G; P
2004 $413 $596 3.4% Iraq War
4 @* f/ L" R& R* M2 O/ I2005 $318 $554 2.4% Katrina, Bankruptcy Act: }, V* X9 ?) h' ~1 d
2006 $248 $578 1.8% Bernanke chairs Fed
1 I5 k- ]: c% _- R7 |2007 $161 $501 1.1% Bank crisis' Z5 _/ f* u# C3 R0 I
2008 $459 $1,017 3.1% Bank bailout, QE
( c1 p$ A- R( D2 F# m0 U; D+ Q5 V/ v2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B* A" g9 `' c: K L5 q4 D9 o
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles2 i. g' |4 b8 @6 J
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
/ M, ~2 b3 [- C& a {" a2012 $1,087 $1,276 6.7% Fiscal cliff
; C$ J: C F" w2013 $679 $672 4.0% Sequester, government shutdown1 e( p' Z; {& y* _% y7 Z
2014 $485 $1,086 2.7% Debt ceiling4 O. R- J# n/ k$ N
2015 $438 $327 2.4% Defense = $736.4B
% r$ @: q" W' \ Q. Z* {: L2016 $585 $1,423 3.1% Defense = $767.6B, K% G3 Z$ N$ M5 I) T
2017 $665 $672 3.4% Defense = $817.9B- x: b! S6 k4 k+ m: E
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
) v6 Q3 j4 ^. m+ u- y2019 $1,091 $1,314 NA Defense = $956.5B0 T( m* }9 Z, }; U8 u9 }. u+ ^
2020 $1,101 $1,281 NA Defense = $989B
4 d. P9 C, H) E9 W( U4 q! Q9 q- T2021 $1,068 $1,276 NA NA
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