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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. . m1 W4 {- d+ X! ~! J
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2020财年美国预算赤字预计为1.1万亿美元
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}- D& b$ p( e, EThe 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./ Q: r- h4 N" P9 V5 s0 J+ a7 v
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$ @- L+ U! A9 d: W9 O7 I
$ t8 p2 H% W0 E: a3 GFiscal Year Deficit (in billions) Debt Deficit/GDP Events
$ {( r+ W- t6 b& i' K* H3 b1929 ($1) ($1) (0.7%) Market crash( n% C7 O3 w/ x; f3 F7 S" B
1930 ($1) ($1) (0.8%) Smoot-Hawley
8 Z0 c! W3 ~! G4 r$ C/ j3 L1931 $0 $1 0.6% Dust Bowl; T; K8 n: O1 D' r/ g
1932 $3 $3 4.5% Hoover tax hike
J: v$ f" a0 T' F8 d! P1933 $3 $3 4.5% FDR New Deal
% I5 {3 e5 ^4 v" H7 Q0 @1934 $4 $5 5.4% GDP up 10.8%, debt also rose
H& D- Q: O L e. F1935 $3 $2 3.8% Social Security
) |9 ]7 ^1 }5 N0 w3 p0 P# f; d) B1936 $4 $5 5.1% Tax hikes
- e% m* ~ V! q6 t1937 $2 $3 2.4% Depression returned, third New Deal
! G8 p( y a, i# q, I1938 $0 $1 0.1% Dust Bowl ended
0 a0 x( d2 D2 T$ _1939 $3 $3 3.0% Depression ended
6 L& a5 o, N1 \, k# w! X1940 $3 $3 2.8% Defense increased
# O/ Q1 a S6 X+ {: ?1941 $5 $6 3.8% Pearl Harbor
. @: O: `$ L! _7 M1942 $21 $23 12.3% Battle of Midway. I' N* {; e- k& q' `6 W* h: w( z4 O
1943 $55 $64 26.9% Defense tripled
. N# f) u) S g1 R1944 $48 $64 21.2% Bretton Woods% c7 Y( W% h% ?. G3 G7 I% U4 y& X
1945 $48 $58 20.0% WWII ended
: e1 M( c G! f: K7 ~: I) ]; j1946 $16 $11 7.0% Recession% @! Y) h1 M8 N, T3 n& x% i2 w
1947 ($4) ($11) (1.6%) Cold War+ ]$ }& q6 B w/ l/ k
1948 ($12) ($6) (4.2%) Recession U0 Y$ `1 E2 _ S2 b
1949 ($1) $0 (0.2%) Recession& ?! ^( h4 a7 }0 S/ a+ a' L
1950 $3 $5 1.0% Korean War0 I5 j( x$ A; k+ S; ~% O9 K
1951 ($6) ($2) (1.7%) Expansion# K/ g$ C, w4 t
1952 $2 $4 0.4% Expansion
' u( I% {$ Z8 i6 H- ^1953 $6 $7 1.7% Korean War ended, recession
) T- t0 U. j* _1954 $1 $5 0.3% Recession, Eisenhower budgets
- X& F+ @+ C, M8 L) \5 r8 r1955 $3 $3 0.7% Expansion
8 w, o; K6 J. E F1956 ($4) ($2) (0.9%) Expansion
6 B) d( ?4 W( y4 k% s- }1957 ($3) ($2) (0.7%) Recession* ^6 V. r0 ~7 \ D7 S) E
1958 $3 $6 0.6% Recession ended+ x0 l* F- ~$ p. V$ s* O' z2 s+ I
1959 $13 $8 2.4% Fed raised rates% d8 ]& V' C4 W/ I
1960 $0 $2 (0.1%) Recession- g, c0 R6 F4 e$ l G
1961 $3 $3 0.6% JFK & Bay of Pigs
3 J3 X# [0 C& l' W$ L- h1962 $7 $10 1.2% Cuban Missile Crisis5 s& B. j" E7 U' ~( H( G
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
$ p* O! I4 C. \9 i1964 $6 $6 0.9% LBJ War on Poverty9 s: I6 f! l4 A! h
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War) X& X* H! `2 J2 m
1966 $4 $3 0.5% 4 \: ?- l# J, d- k, g5 w0 v- A
1967 $9 $6 1.0% Expansion
) D& Z1 }1 H' l! \; B1968 $25 $21 2.6% Moon landing
4 J' l0 Y& H9 P3 g3 [1969 ($3) $6 (0.3%) Nixon took office0 C: d: r- @6 E8 w8 e
1970 $3 $17 0.3% Recession, g) x) a5 u( V# X0 Q! a" p2 W
1971 $23 $27 2.0% Wage-price controls: e4 [$ A. V; H: D, b p) i
1972 $23 $29 1.8% Stagflation
' |7 p6 X8 I4 v7 ?: h1973 $15 $31 1.0% End of gold standard) {/ Q1 e2 c5 b6 m, t% C
1974 $6 $17 0.4% Budget process created, Watergate
, M) j1 j, K; ?* m7 d7 x1975 $53 $58 3.1% Ford budget, Vietnam War ended8 A2 G2 U2 f+ S1 l" c8 J3 R' s/ M
1976 $74 $87 3.9% Stagflation
$ G7 I8 I* {- |* C8 ~9 z$ w1977 $54 $78 2.5% Stagflation5 T% P. z# o5 X( r
1978 $59 $73 2.5% Carter budget, Recession
, r# `) F2 c: r& A2 d' g1979 $41 $55 1.5% Recession: x6 k) W, v8 Z* U4 x* Y
1980 $74 $81 2.6% Volcker raised rates to 20% G/ _; e8 b! ~, z" X' k
1981 $79 $90 2.4% Reagan tax cut
% j5 I& L+ T( Y0 }5 X# X1982 $128 $144 3.8% Reagan increased spending
6 T+ v% |& { n/ a8 K N% h- d1983 $208 $235 5.6% Jobless rate was 10.8%
, O& C) W) D8 r7 P' y1984 $185 $195 4.5% Increased defense spending5 S" i; a# y: h; }& b# s1 `
1985 $212 $256 4.8% Increased defense spending
; e0 R, Q9 r+ R: s1 B1986 $221 $297 4.8% Tax cut
4 N, h% w5 T5 @9 ?6 U8 g1987 $150 $225 3.1% Market crash, W" O. R3 H8 {; t
1988 $155 $252 2.9% Fed raised rates0 a3 i0 A; Z$ H7 ~, \; ]2 l
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget: f9 [5 R1 K* a: D2 G% U$ N
1990 $221 $376 3.7% Desert Storm
6 H( A6 p, b" U, y1991 $269 $432 4.3% Recession" _1 `2 [9 T4 V# ^5 m5 u
1992 $290 $399 4.4% Expansion! U C; _" L2 g/ c2 [9 i* ^: B
1993 $255 $347 3.7% Clinton signed Budget Act
# o3 p' j7 ]3 [: S2 @1994 $203 $281 2.8% Clinton budget- g" [/ I; z5 G' `- U6 N' \* O; `
1995 $164 $281 2.1% Expansion
# \/ \; ]4 @ a0 }. E4 G+ R. O1996 $107 $251 1.3% Welfare reform
) A; X- V- R2 N0 N! i# O3 W1997 $22 $188 0.3% Expansion* z, U; Z: H- K8 D
1998 ($69) $113 (0.8%) LTCM crisis, recession
) m+ ^/ V% I3 n) Q1999 ($126) $130 (1.3%) Glass-Steagall repealed G8 S3 n* J" a1 f0 k
2000 ($236) $18 (2.3%) Surplus
7 ]# I# ~+ d4 K4 H! ^ Q2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA% ~( w0 U! F! s( g& o7 S( w$ F
2002 $158 $421 1.4% War on Terror' F2 ^* ]+ i; L: Q) o% `8 e
2003 $378 $555 3.3% JGTRRA/ f. ]+ d+ T. Z, V2 U1 C0 g$ a
2004 $413 $596 3.4% Iraq War
9 K0 L& c' I3 k2005 $318 $554 2.4% Katrina, Bankruptcy Act) `3 j0 n4 V1 _" `. s
2006 $248 $578 1.8% Bernanke chairs Fed
( C2 d* Q G( n0 ^2007 $161 $501 1.1% Bank crisis
. v/ e V# `" {) O2 D2008 $459 $1,017 3.1% Bank bailout, QE
% k1 n/ _( r& L$ q2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B5 k! a' x u9 x2 \" ?0 ^
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles5 X# u& Q! U; V
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue7 e1 J% i$ P4 ?/ m# _' I! A
2012 $1,087 $1,276 6.7% Fiscal cliff9 S; H9 f3 C" |# g6 T% s: |/ R
2013 $679 $672 4.0% Sequester, government shutdown
: @: q0 u* {' p& A. M8 V2014 $485 $1,086 2.7% Debt ceiling
, a/ x% \4 l% M' \* J( T2015 $438 $327 2.4% Defense = $736.4B
. @+ _" c. P3 U. ]7 _1 a2 }% M2016 $585 $1,423 3.1% Defense = $767.6B/ W; A& a5 X- x4 V$ g- G6 t
2017 $665 $672 3.4% Defense = $817.9B& i) U+ `. M0 ~/ H. V
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
( R! w% h0 X4 F" N6 V6 V3 {2019 $1,091 $1,314 NA Defense = $956.5B* L5 x- e4 A- d4 B9 \# w
2020 $1,101 $1,281 NA Defense = $989B1 w4 z) h7 f( Y' ]6 i, f, h. E* n
2021 $1,068 $1,276 NA NA
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