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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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) o" \5 O' k2 X8 B# k2020财年美国预算赤字预计为1.1万亿美元8 J$ \. z$ t g
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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." P/ @5 B" W7 r; O
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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' M+ z5 M* Q# ?) v6 ^; {3 sFiscal Year Deficit (in billions) Debt Deficit/GDP Events
6 \% j A2 m% U8 C; I* U$ V1929 ($1) ($1) (0.7%) Market crash" Z9 l8 n5 Q4 \9 Y
1930 ($1) ($1) (0.8%) Smoot-Hawley
{! }6 j8 ^# j6 F6 [+ c2 T1931 $0 $1 0.6% Dust Bowl
9 U9 t R" Z# Y: |1932 $3 $3 4.5% Hoover tax hike
1 r, T: F/ ]. y+ ?1933 $3 $3 4.5% FDR New Deal# G1 v% A! U- p
1934 $4 $5 5.4% GDP up 10.8%, debt also rose" l; m8 n5 ?7 M, T w: _) m% Y9 T
1935 $3 $2 3.8% Social Security
& R" Q' N$ m" M1936 $4 $5 5.1% Tax hikes! ^" T+ M4 a, G- e
1937 $2 $3 2.4% Depression returned, third New Deal9 G7 l* C2 H1 s* Q4 Y
1938 $0 $1 0.1% Dust Bowl ended
4 P# K9 w$ ~: J3 }: a/ R1939 $3 $3 3.0% Depression ended; [7 b" ]4 X3 m; ^& k
1940 $3 $3 2.8% Defense increased+ Q& E8 h* r4 U4 O# c. g: g: o5 v
1941 $5 $6 3.8% Pearl Harbor6 L+ I2 X, Z- C7 }/ c
1942 $21 $23 12.3% Battle of Midway
: Z, K1 K! e3 C; X2 p1 C+ s1943 $55 $64 26.9% Defense tripled
# z# A J2 K: N6 E; w& {" r0 X5 |1944 $48 $64 21.2% Bretton Woods, K! e" w/ B/ M6 u! f4 v
1945 $48 $58 20.0% WWII ended
# o2 H, }0 Z. O7 P5 T- E: W3 N1946 $16 $11 7.0% Recession! K) b+ h9 y! E! c) \
1947 ($4) ($11) (1.6%) Cold War
0 }9 V1 W, }' r: Y5 j1948 ($12) ($6) (4.2%) Recession
( H# r8 q6 k& `5 |4 g1949 ($1) $0 (0.2%) Recession0 ~: A3 o; ]+ }2 ]
1950 $3 $5 1.0% Korean War; b9 k0 \1 J+ W" o/ _) t' t
1951 ($6) ($2) (1.7%) Expansion* Q; B7 A! z8 b/ Q, x
1952 $2 $4 0.4% Expansion
) n0 l/ Z0 Z# V) Z* R1953 $6 $7 1.7% Korean War ended, recession6 w) g. \5 m2 n: u" V6 D2 u
1954 $1 $5 0.3% Recession, Eisenhower budgets
( [9 l7 s+ G+ }& `9 t1955 $3 $3 0.7% Expansion
0 @2 X4 {7 k9 S0 {1956 ($4) ($2) (0.9%) Expansion1 ]5 S8 o& j5 n0 l/ q, _" L
1957 ($3) ($2) (0.7%) Recession& k4 ~$ Q* K# v% D3 @
1958 $3 $6 0.6% Recession ended
( [: W! u5 n( W f0 e1959 $13 $8 2.4% Fed raised rates5 y- i+ ~- x' S" ^6 s1 i% f, f4 z8 b
1960 $0 $2 (0.1%) Recession
0 {8 p8 L/ l5 S1961 $3 $3 0.6% JFK & Bay of Pigs. ^9 h8 e+ s6 [+ U4 s( z; |* U
1962 $7 $10 1.2% Cuban Missile Crisis
4 N! J' U, _$ F2 Y& p T1 G1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed2 E: V9 s' d% ]& f) y+ Q4 n
1964 $6 $6 0.9% LBJ War on Poverty
2 I* e) n& e2 ]1 m% |1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
+ T7 }. b/ F; k9 o1966 $4 $3 0.5%
' O2 h; o @2 }1967 $9 $6 1.0% Expansion/ c F: o2 y( p, E$ k$ ?6 p3 H3 n" {
1968 $25 $21 2.6% Moon landing" ~1 k9 M8 g% I# [- d; ~
1969 ($3) $6 (0.3%) Nixon took office
( C2 @- x5 |1 `, G$ H. ~# `1970 $3 $17 0.3% Recession
6 v* J5 m* f. h/ p; K) D! N1971 $23 $27 2.0% Wage-price controls( v8 `: i% [# f& m( v0 U/ d
1972 $23 $29 1.8% Stagflation* L! B+ Z5 Z7 q+ G+ k+ Z$ r+ O8 U+ R
1973 $15 $31 1.0% End of gold standard- [2 ~* K2 P0 v9 ]' E2 d
1974 $6 $17 0.4% Budget process created, Watergate
; p, t% X; B9 u0 b, T# M$ ^1975 $53 $58 3.1% Ford budget, Vietnam War ended
( i! Z6 s5 _. L# H0 w9 g; A1976 $74 $87 3.9% Stagflation4 x5 D: d0 ^9 [7 Q6 t
1977 $54 $78 2.5% Stagflation; B. ~! \7 x. E5 E/ S, O/ X/ D: n" s( v
1978 $59 $73 2.5% Carter budget, Recession
; I0 c" _; F4 B) L1979 $41 $55 1.5% Recession. x. U( N1 h6 X% r& }8 `$ x
1980 $74 $81 2.6% Volcker raised rates to 20%% Z$ D3 i3 \4 A2 n" f( f) r/ h
1981 $79 $90 2.4% Reagan tax cut
/ ?' |4 t! _" E" e& Q1982 $128 $144 3.8% Reagan increased spending( `# j% ?2 N9 S$ z0 @
1983 $208 $235 5.6% Jobless rate was 10.8%+ u2 ~' v! [7 u6 m6 V/ }: W: x
1984 $185 $195 4.5% Increased defense spending
) S g2 j- }7 R& p1 o2 k1985 $212 $256 4.8% Increased defense spending1 X; f/ C4 G9 m# a9 U
1986 $221 $297 4.8% Tax cut
/ q# u. R1 y7 o6 c6 l0 v$ q1987 $150 $225 3.1% Market crash6 L8 o! y2 ^5 s9 D
1988 $155 $252 2.9% Fed raised rates
2 @: |. U m+ q- Q3 x4 J! A1989 $153 $255 2.7% S&L Crisis, Bush 41 budget8 N8 ^, F7 @5 U a5 R( P% ?, g
1990 $221 $376 3.7% Desert Storm- p6 i. y# n, @2 f, E$ ]+ ?
1991 $269 $432 4.3% Recession: u# ?1 R* q& Y% Y x( G
1992 $290 $399 4.4% Expansion
+ g/ T8 y8 T0 z1993 $255 $347 3.7% Clinton signed Budget Act
* f, z) S# T y; p& N1994 $203 $281 2.8% Clinton budget" O8 U% W5 \3 e& t1 L7 X7 a. b
1995 $164 $281 2.1% Expansion0 J ~7 `7 y+ n3 |* @1 z
1996 $107 $251 1.3% Welfare reform
/ }3 M9 b W/ d3 \1997 $22 $188 0.3% Expansion
9 o& Y2 _/ a/ A' n' m6 D0 A$ a1998 ($69) $113 (0.8%) LTCM crisis, recession' Y5 c& L% b1 X9 k* g
1999 ($126) $130 (1.3%) Glass-Steagall repealed8 Y) B8 x5 a6 |4 w3 a
2000 ($236) $18 (2.3%) Surplus; n' q+ f7 W1 R& d
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA( x8 L' }9 d1 ]4 ~/ Y2 i3 { e
2002 $158 $421 1.4% War on Terror L! N/ C h9 B/ G8 A- }
2003 $378 $555 3.3% JGTRRA
8 h* S: @2 {& @* e$ U# ^' j( I5 {7 y2004 $413 $596 3.4% Iraq War
1 c/ f4 }) e k7 ^- k; P; p* J2005 $318 $554 2.4% Katrina, Bankruptcy Act
4 R1 w$ C% q6 e3 V' H2006 $248 $578 1.8% Bernanke chairs Fed
: I% R, v0 _, @3 Z% o7 B4 H2007 $161 $501 1.1% Bank crisis# H+ v7 C. ~4 Y& H
2008 $459 $1,017 3.1% Bank bailout, QE
! k4 ]1 E! o- P8 n% Q3 o2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
' \ ^2 W! n4 c1 P, i2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles( h$ N: M/ y& F; ?# e8 m
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
4 ?. }( T) D8 u, x) x4 m" n2012 $1,087 $1,276 6.7% Fiscal cliff
' z ?5 Z. p- y7 k2013 $679 $672 4.0% Sequester, government shutdown2 ~: ^+ d, A ]' m
2014 $485 $1,086 2.7% Debt ceiling
/ e4 {$ G8 c, R6 {5 p! A2015 $438 $327 2.4% Defense = $736.4B( T" i# u, U0 |' C8 A4 m
2016 $585 $1,423 3.1% Defense = $767.6B
4 g- h" L) X) B: m- y/ q0 }2017 $665 $672 3.4% Defense = $817.9B
! ?9 r7 D2 t2 p% X8 Z2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts* O t3 Y! r- r9 K: b6 Y* o! d
2019 $1,091 $1,314 NA Defense = $956.5B
3 }3 o( K1 d5 Q$ R+ \7 S) V- s2020 $1,101 $1,281 NA Defense = $989B z' {6 c, a+ r9 y, ~ m
2021 $1,068 $1,276 NA NA, F' z3 U: j4 a- h, g
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