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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 8 r( h3 d! Q; A, g# H. Y
+ f, d8 e" C/ e2020财年美国预算赤字预计为1.1万亿美元
5 G( u" o' X0 d4 @+ L+ \; e& n% ]2 ]' \$ `# q( q1 T
The first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.2 g& {; J0 B# P$ I* v- U6 Y
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
- |2 L/ G$ u7 r/ O( o1929 ($1) ($1) (0.7%) Market crash0 D- W& C0 f/ q( |: @8 E
1930 ($1) ($1) (0.8%) Smoot-Hawley3 b5 v# ? ^' S. ?+ B
1931 $0 $1 0.6% Dust Bowl
: R1 B4 }% h3 w K2 i, g: s1932 $3 $3 4.5% Hoover tax hike) h5 q8 _( S: E' \: U, l8 ~! ]" z/ v
1933 $3 $3 4.5% FDR New Deal* |' |& k5 Q( V6 H
1934 $4 $5 5.4% GDP up 10.8%, debt also rose: ]* M/ X0 d! ] c2 x! ]2 @. g( G: A8 s% k
1935 $3 $2 3.8% Social Security
2 ]6 M* U/ ~2 _1 L1936 $4 $5 5.1% Tax hikes
# K/ E4 `/ I( D+ k q1937 $2 $3 2.4% Depression returned, third New Deal0 w+ m% o6 N& M0 ]4 w# l3 f
1938 $0 $1 0.1% Dust Bowl ended: t+ E+ g' `) P. F
1939 $3 $3 3.0% Depression ended: k* K4 _- W+ `- r# c+ W: x* N
1940 $3 $3 2.8% Defense increased
* O. N2 `) Q. h1941 $5 $6 3.8% Pearl Harbor- e2 {: n9 o! ?
1942 $21 $23 12.3% Battle of Midway' ~8 r2 J: u. `5 g
1943 $55 $64 26.9% Defense tripled4 t4 `. m- O7 Q; [; |
1944 $48 $64 21.2% Bretton Woods3 B5 o! o$ R3 ?7 a1 c$ m
1945 $48 $58 20.0% WWII ended! B0 v3 J) J$ i
1946 $16 $11 7.0% Recession9 y0 R7 \$ j2 G8 M3 o
1947 ($4) ($11) (1.6%) Cold War
% m% j) L7 S/ j- n8 {/ a1948 ($12) ($6) (4.2%) Recession) P+ Q3 n. r9 A
1949 ($1) $0 (0.2%) Recession
* k# C, g( u# K( W) r# V, V1950 $3 $5 1.0% Korean War9 ]7 r" {, z/ {- i% h% }7 ~# W' N
1951 ($6) ($2) (1.7%) Expansion
- {+ h( h$ a, n4 q( `7 |1952 $2 $4 0.4% Expansion
4 U2 p7 n( t8 n' O# j1953 $6 $7 1.7% Korean War ended, recession' m" ?, }/ }. }& C% r9 y) o: K% }
1954 $1 $5 0.3% Recession, Eisenhower budgets$ b& m$ |) V8 ]( |
1955 $3 $3 0.7% Expansion
0 K6 H# u# B. ^5 I1956 ($4) ($2) (0.9%) Expansion
! [) u7 f+ Z/ Y9 B) }1957 ($3) ($2) (0.7%) Recession
8 ?8 c4 w d& q; X1958 $3 $6 0.6% Recession ended
; d3 t) `! Q0 b) o1959 $13 $8 2.4% Fed raised rates
1 Y/ L4 a! U. M! ]1960 $0 $2 (0.1%) Recession5 |9 Y, C/ h5 ~0 X0 b4 |
1961 $3 $3 0.6% JFK & Bay of Pigs
( X4 k# u/ x; Q. } i( a& J( h1962 $7 $10 1.2% Cuban Missile Crisis1 w7 ^; ]+ e1 ~) x0 q
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed6 v; A1 h6 d4 z% X2 ^
1964 $6 $6 0.9% LBJ War on Poverty
. t2 Q' r4 i" b0 w1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War. l' e6 r" c/ V# w q. b
1966 $4 $3 0.5%
# C. x+ L9 ]$ ^! K5 n1967 $9 $6 1.0% Expansion
4 a+ K/ q W" W7 z4 S3 q' v1968 $25 $21 2.6% Moon landing3 Y0 {; r! u' O0 l/ ?
1969 ($3) $6 (0.3%) Nixon took office. f1 A" F# m3 |
1970 $3 $17 0.3% Recession
. }! i/ l$ F, M( G6 G7 k$ \" X8 R1971 $23 $27 2.0% Wage-price controls
2 Z1 y* c# L/ r2 ^7 u6 S1 R9 p1972 $23 $29 1.8% Stagflation
! z% g: S N2 p0 R1 W1973 $15 $31 1.0% End of gold standard
, h3 V, z! f6 p" \1974 $6 $17 0.4% Budget process created, Watergate
A3 O3 ]/ m. S8 w3 u! e/ B1975 $53 $58 3.1% Ford budget, Vietnam War ended
) r; c* ~, |7 L" B9 _( b1976 $74 $87 3.9% Stagflation
5 ?' i/ N# u: G* e1977 $54 $78 2.5% Stagflation
0 m$ f3 B7 K# `1978 $59 $73 2.5% Carter budget, Recession
g/ }% t3 ?# Y, b H1979 $41 $55 1.5% Recession
. o: L) r1 M" ~1 ^1980 $74 $81 2.6% Volcker raised rates to 20%- ~9 X$ X( ^, z( a4 K% f. B/ _
1981 $79 $90 2.4% Reagan tax cut: M, K7 k0 i }
1982 $128 $144 3.8% Reagan increased spending
# H9 v E0 k, M1983 $208 $235 5.6% Jobless rate was 10.8%
+ H5 Q+ T; J+ v& {& ]; e7 @, I: o, ]1 s1984 $185 $195 4.5% Increased defense spending0 z% r# E) z( ^/ m5 \* N
1985 $212 $256 4.8% Increased defense spending
8 N7 V- H6 s) E1986 $221 $297 4.8% Tax cut, Z5 ^( ~; D5 P& l$ c2 k5 O8 |
1987 $150 $225 3.1% Market crash
, p6 T4 N& q& P( I. e1988 $155 $252 2.9% Fed raised rates
, u) H1 l0 x7 G2 ~* P1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
; S" @3 @+ t8 `; C# l ~+ B1990 $221 $376 3.7% Desert Storm* U9 `0 Q$ X* |
1991 $269 $432 4.3% Recession
6 L* V( R: U8 n" S2 `1 U1992 $290 $399 4.4% Expansion
( t6 q$ t7 U% W+ J( T4 B- Z1993 $255 $347 3.7% Clinton signed Budget Act
J) Y4 p9 i' x* x* f0 \3 n0 R, G1994 $203 $281 2.8% Clinton budget( e; O3 Q3 U5 d* p. B# J
1995 $164 $281 2.1% Expansion
+ [& G) i0 S% r6 J' o/ @1996 $107 $251 1.3% Welfare reform
/ Z* O. B& r7 ?7 X; ~3 G* f1997 $22 $188 0.3% Expansion
$ F2 X1 s$ K- V9 N1998 ($69) $113 (0.8%) LTCM crisis, recession
5 V5 \2 \* V; J5 S; |) ^1999 ($126) $130 (1.3%) Glass-Steagall repealed! a3 O" B8 @& {* D2 _6 j
2000 ($236) $18 (2.3%) Surplus9 O: G4 S( N6 M4 A1 }. Q' { o
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
+ d9 Y1 T7 {1 t( C4 `2 v2002 $158 $421 1.4% War on Terror
) O. \- L& ^ {( g# Q5 x0 \2003 $378 $555 3.3% JGTRRA& l9 B Q4 V9 K
2004 $413 $596 3.4% Iraq War
6 G1 p# |* v' @$ B C6 a- b2005 $318 $554 2.4% Katrina, Bankruptcy Act
6 }$ t: M/ }' l7 g; k& Y3 p2006 $248 $578 1.8% Bernanke chairs Fed
( f! ]: R# y$ u2007 $161 $501 1.1% Bank crisis z0 e- C% q9 n2 p2 f: V
2008 $459 $1,017 3.1% Bank bailout, QE2 u' e9 m1 L, i5 L$ \8 t0 I! A3 r
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B' X X* X9 y1 W0 b; a, G. Q
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles' b; x" }+ z9 B/ k7 Q5 @, Z# }7 m: I/ d
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
- P. S; k* ^6 l, b* W& x. P2012 $1,087 $1,276 6.7% Fiscal cliff
+ z0 K+ V; n/ f/ i( a1 D* B& J, N$ w6 a2013 $679 $672 4.0% Sequester, government shutdown! n: w0 O6 A; Y, e! b# \
2014 $485 $1,086 2.7% Debt ceiling
4 A0 X/ A% z' t" I4 W, a1 j1 u2015 $438 $327 2.4% Defense = $736.4B
7 Z. C) N* ?0 K* {2016 $585 $1,423 3.1% Defense = $767.6B
" Y! D/ u+ Y8 c- S, ?2017 $665 $672 3.4% Defense = $817.9B
2 J# ]$ |1 R$ U2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts% i7 e8 c W+ b3 P/ Y, ]$ N3 ]
2019 $1,091 $1,314 NA Defense = $956.5B x v# L- G" K E
2020 $1,101 $1,281 NA Defense = $989B8 x2 B: j+ m: Z3 p+ M+ ]
2021 $1,068 $1,276 NA NA
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