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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. $ F5 J" ~$ a" j% f4 j& f1 e5 \
; m* R- H( D" x, A& [* r+ Z2020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.; h! q* N- F1 V8 a4 R
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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9 p( Q& E6 A( n8 yFiscal Year Deficit (in billions) Debt Deficit/GDP Events/ e' c+ i, S5 X6 r( f, K3 _ n# r
1929 ($1) ($1) (0.7%) Market crash4 o, o7 ~, r5 f e( q* a3 V
1930 ($1) ($1) (0.8%) Smoot-Hawley6 C5 t' f( U. X# x
1931 $0 $1 0.6% Dust Bowl
- Y% I/ U9 k& [9 c/ j7 d) g+ U1932 $3 $3 4.5% Hoover tax hike6 `* f! Z- @" w! {' ^( P
1933 $3 $3 4.5% FDR New Deal6 ?# c! \: E% u
1934 $4 $5 5.4% GDP up 10.8%, debt also rose& ?7 A4 f# k1 V- M
1935 $3 $2 3.8% Social Security
# |6 d" |5 r* h% ~; h2 X# D1936 $4 $5 5.1% Tax hikes
U5 w2 w- a- S- y- F. }1937 $2 $3 2.4% Depression returned, third New Deal
7 P. Q" v8 }5 @1938 $0 $1 0.1% Dust Bowl ended
# k: h8 ?. K2 @( B1939 $3 $3 3.0% Depression ended9 N: e+ u; x5 x" Q
1940 $3 $3 2.8% Defense increased/ S. }! r; ^6 l# i
1941 $5 $6 3.8% Pearl Harbor+ |( N) q' Z/ y, C0 \$ o
1942 $21 $23 12.3% Battle of Midway
- y# G. X7 z; q6 l0 E+ }1943 $55 $64 26.9% Defense tripled
2 _( I! \2 o I* _3 N: Q$ H1944 $48 $64 21.2% Bretton Woods
, I2 G: }* B, h: b S1945 $48 $58 20.0% WWII ended
* Z: \; q- i8 @. O; [: e1946 $16 $11 7.0% Recession
1 G2 C/ u* @+ l/ J- x$ T1947 ($4) ($11) (1.6%) Cold War S! W1 J, t- z- Z9 _3 o5 N
1948 ($12) ($6) (4.2%) Recession" F; C; F4 x O M# x7 o
1949 ($1) $0 (0.2%) Recession
2 g9 z* x2 I' R$ i6 s' M! u1950 $3 $5 1.0% Korean War
, E5 n9 J5 @, `8 t# Z9 H. l1951 ($6) ($2) (1.7%) Expansion }3 u7 v& n; X" d4 T" M
1952 $2 $4 0.4% Expansion( C9 K" P, s/ R( ?0 S
1953 $6 $7 1.7% Korean War ended, recession
% ~7 {; l( M; M' i U1954 $1 $5 0.3% Recession, Eisenhower budgets
# H+ u! K1 e* P8 N+ e {1 a j l1955 $3 $3 0.7% Expansion: X2 s# z9 B9 G/ l2 O. u7 a
1956 ($4) ($2) (0.9%) Expansion! o5 x2 }+ V5 D A0 l4 U ~
1957 ($3) ($2) (0.7%) Recession- |- `4 y6 |9 s
1958 $3 $6 0.6% Recession ended
0 r% j: v" I8 [) `6 ?+ L7 f8 F, z1959 $13 $8 2.4% Fed raised rates
, J+ Q; e" E( n) [" N; v' L i1960 $0 $2 (0.1%) Recession9 ~1 {! V, ` _4 |' ]7 s( i. P
1961 $3 $3 0.6% JFK & Bay of Pigs/ t6 {/ k# H8 J
1962 $7 $10 1.2% Cuban Missile Crisis
3 I! T. K& G, r0 _5 G1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed2 r$ f( `$ K3 B6 g' W
1964 $6 $6 0.9% LBJ War on Poverty
' o8 s$ v0 d- Y& E1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War2 ]+ u, u. s: ~! ]4 P1 J
1966 $4 $3 0.5% : Y; y% z! b8 g1 h7 g0 T- j" y$ `
1967 $9 $6 1.0% Expansion" d. C9 {! ~+ w7 Q4 R
1968 $25 $21 2.6% Moon landing9 m! N# u; j$ O3 o8 A0 \
1969 ($3) $6 (0.3%) Nixon took office
2 G* F4 X# u( f6 p1970 $3 $17 0.3% Recession
u f# E9 M6 b1971 $23 $27 2.0% Wage-price controls
- F* \! F# l! u3 A1 ~; d1972 $23 $29 1.8% Stagflation0 L. p! q: h) J( W) G1 I _
1973 $15 $31 1.0% End of gold standard/ T- [* b3 r& U5 q* V
1974 $6 $17 0.4% Budget process created, Watergate% Q& K8 J4 X) W0 e
1975 $53 $58 3.1% Ford budget, Vietnam War ended* a U( X, i( [. Q1 @
1976 $74 $87 3.9% Stagflation( @1 U8 q# ?6 B3 d1 X, v
1977 $54 $78 2.5% Stagflation! w/ w2 K, r2 C& G
1978 $59 $73 2.5% Carter budget, Recession5 \% |5 t2 X" y1 ~6 o
1979 $41 $55 1.5% Recession
; }) @9 G. |6 j1980 $74 $81 2.6% Volcker raised rates to 20%% S# Z6 S2 ^9 e' {" m
1981 $79 $90 2.4% Reagan tax cut& H1 d3 v3 Z8 D p: m2 p
1982 $128 $144 3.8% Reagan increased spending
& c/ }* a' O' W2 H+ G1983 $208 $235 5.6% Jobless rate was 10.8%
4 t" q N7 v0 h x6 f3 D1984 $185 $195 4.5% Increased defense spending
. a: P& ]* i$ ~! l& P1 S3 x1985 $212 $256 4.8% Increased defense spending4 L. o9 W" b ]
1986 $221 $297 4.8% Tax cut- i1 x* \0 B3 n, t
1987 $150 $225 3.1% Market crash
1 o0 w/ g9 _1 \0 |0 L1988 $155 $252 2.9% Fed raised rates8 F5 |' ?9 q1 m9 Z, i8 B; a- E. T
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget! s ^4 h4 |8 R+ i* z( o0 Y
1990 $221 $376 3.7% Desert Storm5 Q1 K' A# x, f9 n
1991 $269 $432 4.3% Recession
6 n3 E, [: V% X/ n- N% Q3 j1992 $290 $399 4.4% Expansion+ e) F$ s# b X/ {" g
1993 $255 $347 3.7% Clinton signed Budget Act
6 h4 X; e1 G& g) u1994 $203 $281 2.8% Clinton budget: z% E7 L( W" u9 D) ` o* z# t7 ?
1995 $164 $281 2.1% Expansion
3 ?4 i4 M( H/ r, p7 m1996 $107 $251 1.3% Welfare reform
' c$ a7 `# _% g) ?. x. x1997 $22 $188 0.3% Expansion2 E0 x% q$ q* m/ D5 k( N, e5 j
1998 ($69) $113 (0.8%) LTCM crisis, recession. K3 M# G3 J- L) f) B! L" M
1999 ($126) $130 (1.3%) Glass-Steagall repealed* @; k, E0 w! b6 e* m4 |$ X% F: f
2000 ($236) $18 (2.3%) Surplus
/ P; V& s8 u4 _, i& j! ]; a- r2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA5 W1 `1 g) J( H" m5 A
2002 $158 $421 1.4% War on Terror( S9 D6 U1 ^) S: g7 ?4 j6 S
2003 $378 $555 3.3% JGTRRA! }7 i& K! N+ k; u* j
2004 $413 $596 3.4% Iraq War
- n; i4 E+ } X* V! v* ]1 J! R2005 $318 $554 2.4% Katrina, Bankruptcy Act
. u9 i% L& L" S7 K" {2006 $248 $578 1.8% Bernanke chairs Fed
% o1 s. f+ T) d8 e: S2007 $161 $501 1.1% Bank crisis% b& Z: B+ B" a: k# }
2008 $459 $1,017 3.1% Bank bailout, QE
+ T2 }' n* m4 X2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
& d4 g4 j; l' T* Z# |2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles3 W2 e6 W; |7 e+ h' @) f M
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
) k- B( w) S* I' U5 s9 }3 ~: f2012 $1,087 $1,276 6.7% Fiscal cliff
* _- U! X, I/ a2 V+ m' k% m' V, t7 a2013 $679 $672 4.0% Sequester, government shutdown1 \. K3 `9 o/ b. W, I, ]0 h3 c# [! R
2014 $485 $1,086 2.7% Debt ceiling3 a) { v# l( E* i
2015 $438 $327 2.4% Defense = $736.4B0 J U4 n5 V* ]& ]6 r# I4 W: O
2016 $585 $1,423 3.1% Defense = $767.6B$ i5 T3 ~; ^ h O a/ k
2017 $665 $672 3.4% Defense = $817.9B" J, z" `6 A, k- \0 H
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
: l1 T: G; \2 [8 b# E. y4 F2019 $1,091 $1,314 NA Defense = $956.5B
: G4 r+ u" H9 u5 |& K2020 $1,101 $1,281 NA Defense = $989B. C" Q8 i; C7 G0 M! p
2021 $1,068 $1,276 NA NA
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