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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. $ \8 z& R! h3 Q; X, h( L1 V9 _1 J
, F4 ?6 p ~ `3 R2020财年美国预算赤字预计为1.1万亿美元& M& X$ p) O/ P3 H6 c7 ?
# j% r, V) d' v e8 vThe 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 a* y1 {/ u9 [% P% I/ J% }7 K4 e
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$ o y6 k8 H" s: G
]/ P3 O/ p# d0 L9 zFiscal Year Deficit (in billions) Debt Deficit/GDP Events. [1 R; c4 a' l6 ^! e, K9 Y
1929 ($1) ($1) (0.7%) Market crash
; |+ p7 r9 n# s- |4 V2 r. L6 z1930 ($1) ($1) (0.8%) Smoot-Hawley
: a+ I' a- s5 g4 l" {1931 $0 $1 0.6% Dust Bowl1 Y6 ^' q. L: O# E9 d o: u/ y. ?
1932 $3 $3 4.5% Hoover tax hike- [) P/ B, k" X0 f0 n5 P7 n
1933 $3 $3 4.5% FDR New Deal
% Q$ f y( j) B+ c7 }; G1934 $4 $5 5.4% GDP up 10.8%, debt also rose( H3 q9 N. T. ]
1935 $3 $2 3.8% Social Security
3 i+ a" O. N' l+ V. N. G/ L1936 $4 $5 5.1% Tax hikes
: R2 O& T% c6 a) R2 T+ X0 u1937 $2 $3 2.4% Depression returned, third New Deal, e3 x& d5 X5 Y0 b( |: k
1938 $0 $1 0.1% Dust Bowl ended
s8 j) h! r; Z2 `1939 $3 $3 3.0% Depression ended+ o# ^4 `% P0 N, u7 Y
1940 $3 $3 2.8% Defense increased
0 z1 U$ W* r2 O4 F* \ A, b1941 $5 $6 3.8% Pearl Harbor
4 ^+ B! e8 R9 c2 N+ J% F' ]! I1942 $21 $23 12.3% Battle of Midway
5 ]# `/ U# }- g2 ^$ N( S3 O: d( V1943 $55 $64 26.9% Defense tripled, p' z2 z# b. w1 }6 z, g
1944 $48 $64 21.2% Bretton Woods0 Y D" S1 l' O$ a, \8 ~; w
1945 $48 $58 20.0% WWII ended
- J" ^6 Z$ A! }% w& G4 X# Q: M1946 $16 $11 7.0% Recession
* O& `6 [7 f' I$ j; X, C$ [" F/ E1947 ($4) ($11) (1.6%) Cold War4 ?2 M0 m5 K2 p& {
1948 ($12) ($6) (4.2%) Recession
3 m& [5 F4 N; ~( y' u2 ^1949 ($1) $0 (0.2%) Recession
D/ k2 e2 C }2 Z. _, R1950 $3 $5 1.0% Korean War
* N& |( v" n( O% P5 x1951 ($6) ($2) (1.7%) Expansion( G1 z% J$ L& N2 f7 {' I
1952 $2 $4 0.4% Expansion4 f( F* i v4 L( u) }
1953 $6 $7 1.7% Korean War ended, recession8 b2 A; u- D2 V7 o* r: A+ q3 X9 ~
1954 $1 $5 0.3% Recession, Eisenhower budgets. B- p! l- Q1 B- S1 Z- C9 @+ M
1955 $3 $3 0.7% Expansion) H) c" J% E* O5 ` T9 Z2 O/ M
1956 ($4) ($2) (0.9%) Expansion
) r! ]+ h. G R2 l' u- h2 u- I1957 ($3) ($2) (0.7%) Recession6 R" X- R8 k. Q, h6 q
1958 $3 $6 0.6% Recession ended9 {7 c6 m. l V+ x& M l w5 t, b
1959 $13 $8 2.4% Fed raised rates
! z% |* [7 u% b, n2 U/ f: H1960 $0 $2 (0.1%) Recession; e7 v5 ^7 H( C$ K/ ^
1961 $3 $3 0.6% JFK & Bay of Pigs
. E0 V# O4 b+ t( z1962 $7 $10 1.2% Cuban Missile Crisis% m8 [5 h0 ^. ?" R+ x* f F6 O% \% b
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed6 e6 c3 m$ F/ T9 |. q: a3 o0 w
1964 $6 $6 0.9% LBJ War on Poverty
* |& ?' x. ~/ K# u" [6 ^- w1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War5 @1 T' q& g5 m0 g8 @
1966 $4 $3 0.5% ) m/ C0 r; f; z" u- w) @/ V8 B* d
1967 $9 $6 1.0% Expansion
& X( Z3 e" }: M8 G& M1968 $25 $21 2.6% Moon landing. u6 |) d$ ~+ s* E8 [8 T
1969 ($3) $6 (0.3%) Nixon took office
+ n7 p+ N' `2 U w9 i p' E) m1970 $3 $17 0.3% Recession
9 B( h: i5 _* ^7 d5 t1 J1971 $23 $27 2.0% Wage-price controls
$ ?, U" d& \% }: |9 C9 x7 w7 L8 z1972 $23 $29 1.8% Stagflation
( \2 x" T- `7 i1973 $15 $31 1.0% End of gold standard
; _* s& k: x) Q) I: p1974 $6 $17 0.4% Budget process created, Watergate( L, Y6 I% B; k6 d' |" d1 K8 H
1975 $53 $58 3.1% Ford budget, Vietnam War ended
( O! ?; ]& I- d4 U9 H* o1976 $74 $87 3.9% Stagflation
' @. q$ p- d& g1977 $54 $78 2.5% Stagflation
, x( s) R% O. _0 ~0 V* `% R: P5 O0 x! R1978 $59 $73 2.5% Carter budget, Recession! R3 z" |& @ r
1979 $41 $55 1.5% Recession
8 L/ ]4 X1 M. ~. R1980 $74 $81 2.6% Volcker raised rates to 20%
# h( `+ R U8 \! ]( s5 _- Y1981 $79 $90 2.4% Reagan tax cut
+ n0 H3 h# k; J7 N1982 $128 $144 3.8% Reagan increased spending
: q* X2 i" v# |5 z" l# ^8 z1983 $208 $235 5.6% Jobless rate was 10.8%
3 E9 g8 l- R5 d! a- w1984 $185 $195 4.5% Increased defense spending
$ N9 B* L2 j7 T* \9 S. j$ o$ @1985 $212 $256 4.8% Increased defense spending
. v8 _2 C) N1 [+ h1986 $221 $297 4.8% Tax cut+ A- \% ~ g0 @- o F
1987 $150 $225 3.1% Market crash
5 b# _! g7 u$ Q) L# ^' m( q1988 $155 $252 2.9% Fed raised rates% t+ M/ V7 O5 L4 d$ I; `$ e
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget' m; F, s/ G; g2 W* j8 Z8 B/ [& }9 d
1990 $221 $376 3.7% Desert Storm
3 y$ Y, {* ]6 H) R/ ^1991 $269 $432 4.3% Recession: L, }, t4 `4 d, p h# w$ f2 h+ D
1992 $290 $399 4.4% Expansion
( ~8 R, z S+ m1993 $255 $347 3.7% Clinton signed Budget Act
- H" [/ K# t6 j7 |, h0 x- j1994 $203 $281 2.8% Clinton budget& W" W; `0 |, \6 b# e+ ~
1995 $164 $281 2.1% Expansion
" u" M4 ~. m/ `0 m6 C" Q' V1996 $107 $251 1.3% Welfare reform7 V8 S& j+ k8 Y. z
1997 $22 $188 0.3% Expansion
: z9 r. X8 H) U0 C$ c' Y1 d' x* `1998 ($69) $113 (0.8%) LTCM crisis, recession0 l# S( X9 G, n: l# O$ x6 l0 L6 u
1999 ($126) $130 (1.3%) Glass-Steagall repealed! n: k! m: ]2 Y- X" J, d: n, K
2000 ($236) $18 (2.3%) Surplus
1 V) M- y$ t# W7 }" E2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA% [. {. p! S( ?: d% p7 V. G
2002 $158 $421 1.4% War on Terror
. r- L4 S5 k" b. F2003 $378 $555 3.3% JGTRRA" @- v( r. Y! _% R
2004 $413 $596 3.4% Iraq War
) P& j" n4 H' B T2 e9 |/ ~. G5 s8 f2005 $318 $554 2.4% Katrina, Bankruptcy Act- x1 }, ~# s; p) S5 ^( q* Y0 J) j
2006 $248 $578 1.8% Bernanke chairs Fed
! S6 i7 U2 [% G2007 $161 $501 1.1% Bank crisis p- t! n/ O& M5 m( u6 n, v) W
2008 $459 $1,017 3.1% Bank bailout, QE. w2 d- f; C0 w" a3 h* I" z
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
5 `. z3 _3 y( @1 g2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles3 |) ?( V6 l' M& q
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue& {( [- n I9 D; X
2012 $1,087 $1,276 6.7% Fiscal cliff! q/ c7 L+ v4 r0 p* C
2013 $679 $672 4.0% Sequester, government shutdown
% L- V$ ~6 T* w. _: I2014 $485 $1,086 2.7% Debt ceiling
9 j Z* W% K1 `! ?4 ^- U2015 $438 $327 2.4% Defense = $736.4B7 L8 C* _( u9 Z- d# s
2016 $585 $1,423 3.1% Defense = $767.6B! Z C1 V+ N: t4 }0 l1 ~. Q
2017 $665 $672 3.4% Defense = $817.9B
V& u3 Q$ C' c+ `! Y" `2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
' L/ ] `/ @) h+ r8 s! l) I) z9 u/ n6 y2019 $1,091 $1,314 NA Defense = $956.5B) O6 S1 Q0 D, \, }1 q* [! ]
2020 $1,101 $1,281 NA Defense = $989B- A0 w j/ l4 D+ R+ s3 J; c
2021 $1,068 $1,276 NA NA
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