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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. & c8 x: h/ y5 }
$ |5 p. M3 s* N# i5 h2020财年美国预算赤字预计为1.1万亿美元" U+ ]* `5 I4 E& S; i% p# B9 p
# D& y3 a* e5 Y. J2 G: bThe 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.; G( V0 e1 A1 |8 W% z/ t7 s* k3 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5 v S- V0 `3 \ \
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events' e3 Y+ |9 T% [- }, Q
1929 ($1) ($1) (0.7%) Market crash& l Y5 e9 X! x1 o5 \4 ?; e4 H
1930 ($1) ($1) (0.8%) Smoot-Hawley( p7 A1 e6 `4 N6 W2 Y, ~
1931 $0 $1 0.6% Dust Bowl% J; I% s; |0 a
1932 $3 $3 4.5% Hoover tax hike
$ I2 F3 S$ N" ]' L1933 $3 $3 4.5% FDR New Deal" A2 k1 O# d5 C3 |
1934 $4 $5 5.4% GDP up 10.8%, debt also rose2 k. t+ Y$ u% p# H8 j( A: ?
1935 $3 $2 3.8% Social Security
' `, \6 S/ V Q2 W1936 $4 $5 5.1% Tax hikes
* A. |# [5 D" p: v0 ^1937 $2 $3 2.4% Depression returned, third New Deal* U" ?5 q* {, ^( W9 i/ F
1938 $0 $1 0.1% Dust Bowl ended
9 N8 M5 B8 o8 S/ l" ^' C! w1939 $3 $3 3.0% Depression ended9 d, @% q6 ~) Y) N4 x
1940 $3 $3 2.8% Defense increased- K0 u+ H' r1 f8 m
1941 $5 $6 3.8% Pearl Harbor# [2 E8 r1 q3 S! K4 Q' ?
1942 $21 $23 12.3% Battle of Midway
! D' j- C4 g1 {* H* a7 }1943 $55 $64 26.9% Defense tripled9 }6 S4 z6 ^) i+ Z: k3 D6 p$ ]+ A6 b
1944 $48 $64 21.2% Bretton Woods# A; g4 n! e6 h' ^ S, _) X
1945 $48 $58 20.0% WWII ended
^* z( V+ V/ O; f1946 $16 $11 7.0% Recession r, m" X9 D* r
1947 ($4) ($11) (1.6%) Cold War
- v% Q$ N) K; l1948 ($12) ($6) (4.2%) Recession
/ d0 X7 U- [/ {$ c5 h5 a3 T. X1949 ($1) $0 (0.2%) Recession1 G9 {% R( {( l4 _0 m
1950 $3 $5 1.0% Korean War
9 ]& M% l5 N- a7 X1951 ($6) ($2) (1.7%) Expansion
+ w' {( T% b& V1952 $2 $4 0.4% Expansion
% U/ E/ a; {, i/ L( j0 F/ _# `1953 $6 $7 1.7% Korean War ended, recession
* k1 Y4 ]5 b5 X" \5 d1954 $1 $5 0.3% Recession, Eisenhower budgets
& l: S7 |4 f7 k2 W% [ y4 B1955 $3 $3 0.7% Expansion" u: r# S! v7 \
1956 ($4) ($2) (0.9%) Expansion. D+ p4 }6 {& E
1957 ($3) ($2) (0.7%) Recession! q2 ~, M& s4 T0 D2 R: [8 U+ @9 V
1958 $3 $6 0.6% Recession ended/ E9 \2 y0 U( }2 h& _6 Q) U
1959 $13 $8 2.4% Fed raised rates
7 m# U' q; V0 A3 {9 @1960 $0 $2 (0.1%) Recession1 r( ?" N4 |9 a( a2 ^+ a
1961 $3 $3 0.6% JFK & Bay of Pigs! L) s2 A8 v5 Y
1962 $7 $10 1.2% Cuban Missile Crisis
0 n( v9 R8 O8 C+ o d& ?" G+ r1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
) K% ?9 k) l+ [+ F1 B! p' i1964 $6 $6 0.9% LBJ War on Poverty
' y9 @7 s% W% v2 a* h1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
v, h/ C9 A& V4 P1966 $4 $3 0.5% : |% o! A+ _* a6 u$ y' L" O
1967 $9 $6 1.0% Expansion) d; V0 t; |+ V" b
1968 $25 $21 2.6% Moon landing
1 m6 N- B' y; L1969 ($3) $6 (0.3%) Nixon took office+ O, W0 M* {! e2 V% {1 {; C D( w3 c
1970 $3 $17 0.3% Recession( @1 A3 ~! p" I+ N
1971 $23 $27 2.0% Wage-price controls
8 ~7 H, T3 D- M- [1972 $23 $29 1.8% Stagflation3 T8 e' G+ v. N
1973 $15 $31 1.0% End of gold standard
- T& A) {- ~) S# \: T6 S3 r: e0 e' W1974 $6 $17 0.4% Budget process created, Watergate* W! y# x6 c5 r+ _
1975 $53 $58 3.1% Ford budget, Vietnam War ended
) m0 w F0 W) {) e5 U1976 $74 $87 3.9% Stagflation
: b" y4 ?: D/ y6 E: K; k/ x1977 $54 $78 2.5% Stagflation
! T. d- K& E- k; w1978 $59 $73 2.5% Carter budget, Recession N j. ^9 @1 p) r* |
1979 $41 $55 1.5% Recession0 j' A B/ S8 N. R
1980 $74 $81 2.6% Volcker raised rates to 20%
, ~' t0 o: t: D; l' F1981 $79 $90 2.4% Reagan tax cut7 \' e' k8 l6 x9 q
1982 $128 $144 3.8% Reagan increased spending
' M1 d+ v, |. @: l& l' w' p- K1983 $208 $235 5.6% Jobless rate was 10.8%
% s$ j" ^9 \+ a; V, u1984 $185 $195 4.5% Increased defense spending
4 I; o7 b7 b- ^6 q- X5 L% h4 Z3 [1985 $212 $256 4.8% Increased defense spending
8 v1 v2 |; A# q1986 $221 $297 4.8% Tax cut
3 L) p! z! L, H/ R( w ~. a' B1987 $150 $225 3.1% Market crash
6 I' O% g$ m, t1988 $155 $252 2.9% Fed raised rates; w" _& f/ C* w3 ], T- `! ^
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget& G4 w8 U+ D, R' p2 W1 K
1990 $221 $376 3.7% Desert Storm
9 m# s0 Z1 Y2 P8 C+ o Q8 y1991 $269 $432 4.3% Recession
/ a( w$ t* W$ q3 I- O1992 $290 $399 4.4% Expansion
* i. Q2 f! G7 h. f* \1993 $255 $347 3.7% Clinton signed Budget Act4 w$ {4 N* v5 m" {* O; r
1994 $203 $281 2.8% Clinton budget
6 S6 A" v# R) g% v1995 $164 $281 2.1% Expansion
8 a4 n; U8 Q q" i, p) P. M1996 $107 $251 1.3% Welfare reform
" T1 Q- S; g' H* e" T1997 $22 $188 0.3% Expansion2 }# J' Q3 F! j" i: ^
1998 ($69) $113 (0.8%) LTCM crisis, recession
; |, `! d+ r6 Q1999 ($126) $130 (1.3%) Glass-Steagall repealed
- i- k, Y' f. i2000 ($236) $18 (2.3%) Surplus0 ~; f- E* a, K) X0 _
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
+ M3 u9 o6 _- X2002 $158 $421 1.4% War on Terror8 W# O& P+ P. _; u, X% t+ ?7 I
2003 $378 $555 3.3% JGTRRA" `0 m) v+ z+ `# ~0 ?5 F
2004 $413 $596 3.4% Iraq War
' s: N# n; I5 u+ @" G6 J6 q2005 $318 $554 2.4% Katrina, Bankruptcy Act
5 r4 r' J7 Q* R: U4 N# F2006 $248 $578 1.8% Bernanke chairs Fed
+ q# ]0 y; n6 {6 G: J$ a3 d2007 $161 $501 1.1% Bank crisis
: G- m, ?3 z( R* r7 ^2008 $459 $1,017 3.1% Bank bailout, QE6 F& v$ \9 a3 A% A% D
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
: Y* Y! \, [4 R1 T$ l3 _2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles0 \4 H9 ?) U( _' k/ |
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue6 S' d$ K* d# q7 p- s! n; e O
2012 $1,087 $1,276 6.7% Fiscal cliff# c1 n& k5 R; p5 ~
2013 $679 $672 4.0% Sequester, government shutdown6 u* a3 `7 B' H, E
2014 $485 $1,086 2.7% Debt ceiling
8 y8 M- i. N1 C2015 $438 $327 2.4% Defense = $736.4B
( q* g2 ]1 `3 N/ J5 A3 A2016 $585 $1,423 3.1% Defense = $767.6B+ G2 Y/ U* ~- r/ E; K, h9 s
2017 $665 $672 3.4% Defense = $817.9B
1 g* w' R% N8 G) B @2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
0 _* I- A( \* {. P3 p2019 $1,091 $1,314 NA Defense = $956.5B4 E# K( _& J: f( Y- y7 y+ R+ t
2020 $1,101 $1,281 NA Defense = $989B
" g% z9 ~- m8 H) j2021 $1,068 $1,276 NA NA X- V3 I' [# o/ L3 ?
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