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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. # A2 G% s' {& {6 Z+ ^
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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." l' ~; q! }3 J+ g! {0 N
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0 m6 u5 T4 s D6 z' Y# S
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
( g8 x1 x3 t0 |( b g& X; r4 E1929 ($1) ($1) (0.7%) Market crash
1 `8 M' C1 Q% B9 d5 |4 d4 e W4 [1930 ($1) ($1) (0.8%) Smoot-Hawley4 J3 K5 a$ W6 F+ I# m N6 F
1931 $0 $1 0.6% Dust Bowl
, D- l* |4 e7 `1932 $3 $3 4.5% Hoover tax hike
8 P2 u& t8 n" d* Q( r1933 $3 $3 4.5% FDR New Deal
6 U: M# G Z1 n; U7 [& {1934 $4 $5 5.4% GDP up 10.8%, debt also rose2 H# ?/ Q8 ]5 |7 m
1935 $3 $2 3.8% Social Security
: X& Q6 {* e$ V& M: _1936 $4 $5 5.1% Tax hikes
% K0 w' D' e. f4 _5 m1937 $2 $3 2.4% Depression returned, third New Deal
6 S4 X/ z# M; V( D' J1938 $0 $1 0.1% Dust Bowl ended
5 D# q0 {9 a2 E, H$ P9 O1939 $3 $3 3.0% Depression ended, s0 X( M! k6 } I3 u# X4 G* k- u2 f
1940 $3 $3 2.8% Defense increased
2 f: h& k# x; ]9 j" S; N2 T" l& Q1941 $5 $6 3.8% Pearl Harbor
, B9 N: e w7 ^" V% O1942 $21 $23 12.3% Battle of Midway
6 c# f' l( N( l: F+ K1943 $55 $64 26.9% Defense tripled
# S9 V; e5 t/ K5 l! g/ O5 U% E; x1944 $48 $64 21.2% Bretton Woods% ?' m- K5 A+ m5 \! J; S+ o
1945 $48 $58 20.0% WWII ended. L* l$ r6 J# F8 z
1946 $16 $11 7.0% Recession9 Q; k: }+ w: j" e; {
1947 ($4) ($11) (1.6%) Cold War; {+ P$ ~5 M# n- Q! P) C: k7 l2 ]$ p
1948 ($12) ($6) (4.2%) Recession
7 n' Z# }: _7 Y" ^, J* a- ~1949 ($1) $0 (0.2%) Recession
) P1 I( K, a. } e& B1 v1950 $3 $5 1.0% Korean War
! Y ^& [( j- ?" P5 R1951 ($6) ($2) (1.7%) Expansion
8 t& ^$ I% V4 j, s$ ]) {) p% Q3 d% h4 e1952 $2 $4 0.4% Expansion
, E7 W! i$ d: b3 e+ l/ w1953 $6 $7 1.7% Korean War ended, recession
. Q! k3 A7 y4 `3 \1954 $1 $5 0.3% Recession, Eisenhower budgets
# f/ K' S: ]1 P/ p5 ^1955 $3 $3 0.7% Expansion, |1 F4 U; n( W* p1 t
1956 ($4) ($2) (0.9%) Expansion+ b( I1 z; N, @* I' P# q
1957 ($3) ($2) (0.7%) Recession. m5 L6 h+ [1 I* f) f7 _3 A
1958 $3 $6 0.6% Recession ended( q4 ^8 T" l- e. | l- R
1959 $13 $8 2.4% Fed raised rates3 |8 o) M- A0 V; C/ p& V
1960 $0 $2 (0.1%) Recession9 Z. d) M! n! W; u. |
1961 $3 $3 0.6% JFK & Bay of Pigs
% F1 Z7 c9 B1 j& U1962 $7 $10 1.2% Cuban Missile Crisis& |& M# `+ e) Y- V
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed5 j( V7 m9 r9 L: |+ ?$ j
1964 $6 $6 0.9% LBJ War on Poverty' I) c, x& _3 c# q" Z7 H
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War! i/ ?) u! ?3 R7 G- {
1966 $4 $3 0.5% ) b; h! I$ j6 P, o! V: l
1967 $9 $6 1.0% Expansion
. ?6 }2 T" {6 ^& ]( U0 [2 }1968 $25 $21 2.6% Moon landing
; B. i$ t% V3 A2 Z# P1969 ($3) $6 (0.3%) Nixon took office
+ q0 s. s- r) d1970 $3 $17 0.3% Recession
9 D5 A5 r; o; s3 U% G1971 $23 $27 2.0% Wage-price controls
. H7 |$ U9 T! R2 T- ?1972 $23 $29 1.8% Stagflation) J5 u; J* _2 u7 g
1973 $15 $31 1.0% End of gold standard& E" v4 a2 w. C( K
1974 $6 $17 0.4% Budget process created, Watergate' V0 J3 G3 R, D& Q3 p
1975 $53 $58 3.1% Ford budget, Vietnam War ended, S+ E5 [6 N; e( [0 g
1976 $74 $87 3.9% Stagflation
{/ E& x# V+ D: z# B- f# r0 i. ?) F1977 $54 $78 2.5% Stagflation9 a/ x0 A; O8 b4 b+ }& H
1978 $59 $73 2.5% Carter budget, Recession4 b" C' d, C; Y& q. h& q2 ~2 Y
1979 $41 $55 1.5% Recession% |! M: N) K( Y% i2 O
1980 $74 $81 2.6% Volcker raised rates to 20%* E2 M: y8 k7 J& Q; q$ R. P1 S$ j! i
1981 $79 $90 2.4% Reagan tax cut
- S, d9 T* ^6 j1982 $128 $144 3.8% Reagan increased spending* A6 Q+ k0 f4 T5 k$ B: H
1983 $208 $235 5.6% Jobless rate was 10.8%
8 W5 A. i0 w4 b. J1984 $185 $195 4.5% Increased defense spending9 R0 \) I9 ^3 q3 S; F. c
1985 $212 $256 4.8% Increased defense spending: Y$ x: {% O" \2 T) O
1986 $221 $297 4.8% Tax cut7 v9 \- D+ G1 ]' t
1987 $150 $225 3.1% Market crash
$ k. E8 x0 o" |4 w) h8 O1988 $155 $252 2.9% Fed raised rates
! Q- F0 b+ Q- f( k' n3 ^+ B& y1989 $153 $255 2.7% S&L Crisis, Bush 41 budget) Q2 q. e. T6 w' g( w3 i
1990 $221 $376 3.7% Desert Storm
' o2 N% q% d# U# [: V' s( e1991 $269 $432 4.3% Recession
$ s$ h. c, s: V" P Y& E4 l1992 $290 $399 4.4% Expansion2 C! F( N+ t1 M* t. K8 a8 s8 U
1993 $255 $347 3.7% Clinton signed Budget Act
5 i" Z7 ^4 r/ W, w9 b8 t1994 $203 $281 2.8% Clinton budget8 L' e; V, ?" y2 X2 F6 O
1995 $164 $281 2.1% Expansion
. n6 Q( a1 R: f% M4 O7 w" e* K1996 $107 $251 1.3% Welfare reform) ]0 p! c- o* E
1997 $22 $188 0.3% Expansion
1 }+ z. Q" R7 ]( T* U1 B+ | M1998 ($69) $113 (0.8%) LTCM crisis, recession
2 p3 G) z, ?6 _" h2 `1999 ($126) $130 (1.3%) Glass-Steagall repealed
% D( N. w4 j! x& @- o5 j5 p- r! T2000 ($236) $18 (2.3%) Surplus. P7 f6 G: w( ]" K f/ F$ c0 H
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
+ Y1 T; Z* e& R+ `, d T& s5 J/ i2002 $158 $421 1.4% War on Terror# Q- o; F1 J6 y# }% v$ D$ d
2003 $378 $555 3.3% JGTRRA1 M7 J6 N1 ~$ }/ ]
2004 $413 $596 3.4% Iraq War
( c1 M# U# _% l, D2 J6 n0 N2005 $318 $554 2.4% Katrina, Bankruptcy Act0 ^) X0 W3 ^/ C, e3 O5 f
2006 $248 $578 1.8% Bernanke chairs Fed) @$ G1 ]$ T6 \/ X
2007 $161 $501 1.1% Bank crisis+ d/ a V& V! X: x0 J5 D: H
2008 $459 $1,017 3.1% Bank bailout, QE0 W5 n, [! H) H) Q6 E
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B% ^0 H9 H) s% @1 F- a
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
1 E$ n- j; C4 y- b2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
6 H, U( O& I# x" S7 U9 h2012 $1,087 $1,276 6.7% Fiscal cliff
, R8 u* `0 P1 Z! D0 J9 ]2013 $679 $672 4.0% Sequester, government shutdown
5 _& @" B2 n# ^5 e4 W4 a: V2014 $485 $1,086 2.7% Debt ceiling1 O& u3 s) `+ S( `5 o
2015 $438 $327 2.4% Defense = $736.4B8 _0 p9 ~. @5 @2 `$ M6 A }
2016 $585 $1,423 3.1% Defense = $767.6B
1 T5 ]! ^- k6 {% p: c; x. f2017 $665 $672 3.4% Defense = $817.9B& k6 }; {0 U# H
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
, ]) v( ?5 \' B7 s) s6 p2019 $1,091 $1,314 NA Defense = $956.5B3 ^7 b" W8 W' D0 ?2 |: W! t
2020 $1,101 $1,281 NA Defense = $989B
; D' q2 B' ?6 A5 T' F# d; V! c2021 $1,068 $1,276 NA NA: V3 h: x4 \. k
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