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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+ l q! R/ i/ a G" @! _9 ]
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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.( \4 h6 d+ w' T! w7 I& w2 W
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* y) O/ u# s& b. d9 V
, X& |, m- x4 ?Fiscal Year Deficit (in billions) Debt Deficit/GDP Events5 a: v9 y U& v0 h7 @( i4 ^
1929 ($1) ($1) (0.7%) Market crash
, b5 s, q1 ~# G0 p7 K& v$ z. C1930 ($1) ($1) (0.8%) Smoot-Hawley$ P: S5 S3 g9 \# ~
1931 $0 $1 0.6% Dust Bowl
* {8 R$ D0 z+ c5 k; F1 G, C% X1932 $3 $3 4.5% Hoover tax hike8 E3 S/ Z y, C
1933 $3 $3 4.5% FDR New Deal
$ J+ i ^0 v9 I, f$ d: O$ ]6 e/ U0 j1934 $4 $5 5.4% GDP up 10.8%, debt also rose# `5 a9 ~6 b5 L) n
1935 $3 $2 3.8% Social Security
3 }2 P: G) l' V/ E) {1936 $4 $5 5.1% Tax hikes$ W+ Q2 a! r7 D2 W9 ?; @
1937 $2 $3 2.4% Depression returned, third New Deal- u* c4 x/ b: o6 ^" y% N) Q
1938 $0 $1 0.1% Dust Bowl ended
4 U! _$ P. {" R4 r5 m r1939 $3 $3 3.0% Depression ended
3 Q7 q; h1 q& N" Q6 ]2 L6 V1940 $3 $3 2.8% Defense increased
, Y" m6 _8 s9 {5 C. u/ H1941 $5 $6 3.8% Pearl Harbor3 N" [& y$ u: v
1942 $21 $23 12.3% Battle of Midway
8 r$ e, y3 ]9 ^9 u: ~! R0 `( Q5 b1943 $55 $64 26.9% Defense tripled
, f) x" r/ \9 [ U" b1944 $48 $64 21.2% Bretton Woods/ `& \1 o! ]1 b& a
1945 $48 $58 20.0% WWII ended
- w3 R" f: T. F1946 $16 $11 7.0% Recession' g* a6 j# N. [ I4 y8 M" A: e
1947 ($4) ($11) (1.6%) Cold War
% H( F6 \) z+ y/ ^1948 ($12) ($6) (4.2%) Recession
! Z+ D' }: _) `8 o7 ~. P1949 ($1) $0 (0.2%) Recession! B8 z2 f% h6 R$ T6 c' }0 V2 \
1950 $3 $5 1.0% Korean War; T8 H7 g& f' \. A& E
1951 ($6) ($2) (1.7%) Expansion, h+ V; @# ~, D' v# \8 ~
1952 $2 $4 0.4% Expansion
% E+ c. I9 C" A1953 $6 $7 1.7% Korean War ended, recession
9 g: z' d& C% Y' U" _% ~5 @7 D$ Q. u1954 $1 $5 0.3% Recession, Eisenhower budgets
4 g& ^, `& @& k L7 W1955 $3 $3 0.7% Expansion
! c0 A8 T' |8 R- C, q" |8 M9 R+ ?1956 ($4) ($2) (0.9%) Expansion
! v( h! l" ~/ G% _1957 ($3) ($2) (0.7%) Recession9 S. s" Z+ e0 P" R- w4 U7 p* r' J
1958 $3 $6 0.6% Recession ended
# H& X2 d7 T( M/ i) \4 Y' p1959 $13 $8 2.4% Fed raised rates
& ~0 d7 z$ ^( h( S' J1960 $0 $2 (0.1%) Recession
. Z7 z/ h& d# c! ~, L7 B2 B1961 $3 $3 0.6% JFK & Bay of Pigs6 f; G H$ }% i1 T2 F ?
1962 $7 $10 1.2% Cuban Missile Crisis
' F& ?! z6 [. s, ?1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed$ H: Q |) V! a3 U& s0 j
1964 $6 $6 0.9% LBJ War on Poverty
[3 A! c3 N# n1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
3 V) G' x5 c& q. J4 Y2 E t1966 $4 $3 0.5% + p3 c: i. A+ R+ p2 g- ], J
1967 $9 $6 1.0% Expansion2 }- F4 j6 }2 _) Y; K# F, t& J) t' v
1968 $25 $21 2.6% Moon landing+ G3 f. p# ?! a i2 e$ @7 G
1969 ($3) $6 (0.3%) Nixon took office
3 d7 A! [3 I3 M% s3 F7 w4 Z0 p1970 $3 $17 0.3% Recession
. h3 u: }2 B) M' j7 o1971 $23 $27 2.0% Wage-price controls
: _( V) b" v6 Z4 T: o1972 $23 $29 1.8% Stagflation
4 ^4 \0 [2 }4 U9 N* \5 ?* {1973 $15 $31 1.0% End of gold standard: J' z6 e& }# `- M6 J9 s
1974 $6 $17 0.4% Budget process created, Watergate
a9 P# \4 V. f: V) R1975 $53 $58 3.1% Ford budget, Vietnam War ended, [$ V% }7 ?$ e& q
1976 $74 $87 3.9% Stagflation
/ r8 l. z6 y% }5 i: T6 w1977 $54 $78 2.5% Stagflation
6 d4 Z: i5 X* Z; W1978 $59 $73 2.5% Carter budget, Recession. O) N! p' l2 z& [ ], Q- G* T
1979 $41 $55 1.5% Recession; Q- W' p! L/ s0 r7 m" O5 t! J
1980 $74 $81 2.6% Volcker raised rates to 20%
: c# G8 G" T; C& Z4 i1 ?& i1981 $79 $90 2.4% Reagan tax cut7 f$ p# O* A5 ^& U
1982 $128 $144 3.8% Reagan increased spending# G: N. k! r$ L
1983 $208 $235 5.6% Jobless rate was 10.8%
5 J5 [3 w4 Z3 H2 ]; K, T1984 $185 $195 4.5% Increased defense spending
' O) q3 t% B0 z! z) J; V) }0 }0 Y1985 $212 $256 4.8% Increased defense spending" V/ ?, ^3 t1 _4 f
1986 $221 $297 4.8% Tax cut
1 B4 x/ m; v% d9 |4 g" y8 w- W" w1987 $150 $225 3.1% Market crash: ?- I- Z4 T3 O, n/ }
1988 $155 $252 2.9% Fed raised rates o8 j+ @$ q7 x9 [; C Z
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget6 `- [; H; k! m6 c+ Z
1990 $221 $376 3.7% Desert Storm
4 M9 n z2 T0 r4 p% Y1991 $269 $432 4.3% Recession
+ M O' ~! X+ `1992 $290 $399 4.4% Expansion
4 l3 G, ?) H4 H7 |1993 $255 $347 3.7% Clinton signed Budget Act3 G1 p; p J2 S* [; T
1994 $203 $281 2.8% Clinton budget
g: K5 j, N* A0 C3 Z- @( k6 |# R1995 $164 $281 2.1% Expansion& m" J6 ?$ P5 {! R
1996 $107 $251 1.3% Welfare reform' z; {+ R+ C& p0 J$ X! J7 ?
1997 $22 $188 0.3% Expansion! v+ u2 i* b: m, [7 U$ v& F, o
1998 ($69) $113 (0.8%) LTCM crisis, recession
7 S' K7 m; M. J- G1999 ($126) $130 (1.3%) Glass-Steagall repealed& {" l) }3 H$ y9 M; U C' T5 H6 v
2000 ($236) $18 (2.3%) Surplus
, p2 l' W2 T* t \+ w+ L2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA; d6 t% l2 B6 K. [* {/ E2 @7 ]3 }7 z
2002 $158 $421 1.4% War on Terror
( v$ D3 G7 j3 m, p2 ?2003 $378 $555 3.3% JGTRRA
: T" p/ R* | u1 W: ?; O2004 $413 $596 3.4% Iraq War
' w7 R7 h) h( o0 j2005 $318 $554 2.4% Katrina, Bankruptcy Act3 P }/ R. H+ H `7 N
2006 $248 $578 1.8% Bernanke chairs Fed
, [+ ~; [4 Y, g$ w+ C1 D5 f2007 $161 $501 1.1% Bank crisis
3 _0 w- \* }8 D" y6 B4 ^4 Z3 y5 L* ~2008 $459 $1,017 3.1% Bank bailout, QE
* W% E& X7 E& S- f2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
) F J5 t. n: i3 p2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles& ~2 c& @2 i3 c: G5 h% q1 D
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
8 E t6 T: k. N. E! u3 O. I" K' s2012 $1,087 $1,276 6.7% Fiscal cliff2 S0 ~' w4 n- B# y
2013 $679 $672 4.0% Sequester, government shutdown9 F' n2 J6 H1 k6 N% K% ~
2014 $485 $1,086 2.7% Debt ceiling
6 @. C* s. {: C3 b' ?" G2015 $438 $327 2.4% Defense = $736.4B e- Q; k8 b: _. a' N3 Z! Q5 M
2016 $585 $1,423 3.1% Defense = $767.6B1 x5 Z$ b# `) f. u9 X
2017 $665 $672 3.4% Defense = $817.9B: J( s, r1 f/ d/ h+ T7 a% v4 ?
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts& s' [: u) Z$ s- t6 R' M I
2019 $1,091 $1,314 NA Defense = $956.5B: L: v4 E- }# W$ x+ X* s
2020 $1,101 $1,281 NA Defense = $989B4 v8 @( l ~, `
2021 $1,068 $1,276 NA NA" W9 Q# {3 P' |5 `3 @6 [
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