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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. % B# R8 n- n1 K1 Q Y
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2020财年美国预算赤字预计为1.1万亿美元
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The first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.$ `0 e F7 [' D! j5 h% q
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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" S3 x7 z2 W' d( D. C/ ^. O6 \Fiscal Year Deficit (in billions) Debt Deficit/GDP Events# S9 }4 _, g! d5 c
1929 ($1) ($1) (0.7%) Market crash, `: W9 w; J/ D% z5 E/ a6 I
1930 ($1) ($1) (0.8%) Smoot-Hawley* S/ H* O* N% ^1 O$ j; s: S. F0 G
1931 $0 $1 0.6% Dust Bowl' b$ i( r" N1 P4 u9 S
1932 $3 $3 4.5% Hoover tax hike
+ w: b9 k! b. n' S/ R% \5 E1933 $3 $3 4.5% FDR New Deal0 S& F& [- g# F3 @2 V
1934 $4 $5 5.4% GDP up 10.8%, debt also rose
! X& _* C# t- J1935 $3 $2 3.8% Social Security* s1 [3 J% s# D4 s3 P
1936 $4 $5 5.1% Tax hikes
' Y; z$ W" Q5 \$ W {3 f3 h! o1937 $2 $3 2.4% Depression returned, third New Deal9 Z4 ^0 F; z$ H; i
1938 $0 $1 0.1% Dust Bowl ended
3 D8 [# G: L) K6 W0 |: P1939 $3 $3 3.0% Depression ended) ?9 Q0 n2 \3 W1 ~$ c4 P# Y: U) O
1940 $3 $3 2.8% Defense increased
* f+ `, T. W% S6 o& l1941 $5 $6 3.8% Pearl Harbor
' K0 ]0 N& w$ E7 A1942 $21 $23 12.3% Battle of Midway
6 r' V) O/ }) O# D; [1943 $55 $64 26.9% Defense tripled* H0 M J$ Z. A
1944 $48 $64 21.2% Bretton Woods
e0 O: K+ Z& Y; o4 C" t/ p9 Z+ K1945 $48 $58 20.0% WWII ended! K. x! X T$ J8 F7 l
1946 $16 $11 7.0% Recession6 {: C( N, T- a+ V1 Z, M
1947 ($4) ($11) (1.6%) Cold War/ k! h0 w2 T6 `3 `) K6 z& M: G
1948 ($12) ($6) (4.2%) Recession
% a {/ {( }! ?) c1949 ($1) $0 (0.2%) Recession
9 I8 n3 ]# D" Z0 W7 K1950 $3 $5 1.0% Korean War1 O+ j; H% M& r
1951 ($6) ($2) (1.7%) Expansion/ d+ |% ^6 [" S4 X* x7 B
1952 $2 $4 0.4% Expansion: Z7 |5 v4 G2 G. Q
1953 $6 $7 1.7% Korean War ended, recession D8 d! }1 y7 N- w" W
1954 $1 $5 0.3% Recession, Eisenhower budgets
- o% j$ J1 v& j$ L1955 $3 $3 0.7% Expansion
' B7 _+ s* a7 h: E1956 ($4) ($2) (0.9%) Expansion
- }6 V: o' c, r1 g1957 ($3) ($2) (0.7%) Recession# B1 a$ s( w6 M8 D( L6 ?. N
1958 $3 $6 0.6% Recession ended& e/ e; \, L$ z" Z6 \
1959 $13 $8 2.4% Fed raised rates3 e( ?- X- N$ v* n4 o* Y, d) S
1960 $0 $2 (0.1%) Recession
$ `9 ~8 ?! e! D, s4 j$ s6 p7 A1961 $3 $3 0.6% JFK & Bay of Pigs
/ b( G6 n7 l( J/ C0 X; [, s1962 $7 $10 1.2% Cuban Missile Crisis! a+ i6 N! c9 b0 o( N
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed+ `6 ]! z% i4 w1 ^* W" R
1964 $6 $6 0.9% LBJ War on Poverty
! A: @5 F, a- P' O! W! Z1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
9 A; }0 L+ P/ J& x6 Y8 c; j6 C# q1966 $4 $3 0.5% ' @% V2 J- Q- U4 d
1967 $9 $6 1.0% Expansion
1 Z7 }/ x% l" t/ K+ h1968 $25 $21 2.6% Moon landing. f) b, s. w2 K+ _
1969 ($3) $6 (0.3%) Nixon took office9 R: I5 d6 y# e2 D
1970 $3 $17 0.3% Recession6 V! O' f* `% `0 l# u
1971 $23 $27 2.0% Wage-price controls, h( T6 L* d o4 E
1972 $23 $29 1.8% Stagflation
3 F" j7 R" M- ^3 c& A) z1973 $15 $31 1.0% End of gold standard
) M% J% S% K5 w! ^1974 $6 $17 0.4% Budget process created, Watergate
. g/ z: I# s% p( G0 |" O1975 $53 $58 3.1% Ford budget, Vietnam War ended/ K% n! ]* Y2 W3 g! q. m
1976 $74 $87 3.9% Stagflation
) g0 Z1 x1 x' ^9 ^6 U1977 $54 $78 2.5% Stagflation
2 b- `* A0 D$ l* u, y% b5 G1978 $59 $73 2.5% Carter budget, Recession7 X, f% w( T/ G" }! z7 a4 u$ R/ r
1979 $41 $55 1.5% Recession9 f k' a/ }5 \9 Z, t- Z
1980 $74 $81 2.6% Volcker raised rates to 20%! P5 u% [) ?! _! Z( K
1981 $79 $90 2.4% Reagan tax cut6 h6 i/ { [+ F) \. w4 j; h' K
1982 $128 $144 3.8% Reagan increased spending* ^$ k2 T: v3 L7 I) \& {/ `
1983 $208 $235 5.6% Jobless rate was 10.8%
2 Y) c; k! o: z( m) Z1984 $185 $195 4.5% Increased defense spending0 {- h' W* {: E3 P
1985 $212 $256 4.8% Increased defense spending
4 ]( O3 x4 p; c6 ^1986 $221 $297 4.8% Tax cut
: o! a/ I* B7 A7 d3 A1987 $150 $225 3.1% Market crash
+ L8 }, V2 V, e: r# T* g/ L6 W' n1988 $155 $252 2.9% Fed raised rates
) a/ ?4 z X& B+ q8 w1989 $153 $255 2.7% S&L Crisis, Bush 41 budget, l; b/ K9 k7 ]1 g. X: l, q
1990 $221 $376 3.7% Desert Storm/ @* W o4 p* j2 D) ]6 ~! A
1991 $269 $432 4.3% Recession; y6 S5 ~' X( g7 a* }1 f
1992 $290 $399 4.4% Expansion5 k' W4 C$ f" I: e4 N& _3 j
1993 $255 $347 3.7% Clinton signed Budget Act7 H) C/ k0 L' i6 O
1994 $203 $281 2.8% Clinton budget j9 {4 O: E# Y2 G- q' |
1995 $164 $281 2.1% Expansion" Q# c- e# ^" [3 a, Z& {" F
1996 $107 $251 1.3% Welfare reform: U a% J! n3 |1 c, }# c
1997 $22 $188 0.3% Expansion+ B7 d# K( ~7 D+ G6 U1 F3 d
1998 ($69) $113 (0.8%) LTCM crisis, recession% B D- w3 m% t
1999 ($126) $130 (1.3%) Glass-Steagall repealed
# O0 {) j9 A: N; z, E* p2000 ($236) $18 (2.3%) Surplus
, x2 N, j) j1 W3 j R2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA$ K; l& B6 w! L. A P
2002 $158 $421 1.4% War on Terror
( w7 e u. d- L% s& b- w- m2003 $378 $555 3.3% JGTRRA5 T! i# _; b, N+ C$ [
2004 $413 $596 3.4% Iraq War3 v$ B7 s/ S/ a2 O. L
2005 $318 $554 2.4% Katrina, Bankruptcy Act
8 A/ x# r# ~- l0 D2006 $248 $578 1.8% Bernanke chairs Fed0 y. y% U* V8 ^" H* B
2007 $161 $501 1.1% Bank crisis0 V3 @0 B1 R% T8 H# X" V& R/ `) m
2008 $459 $1,017 3.1% Bank bailout, QE1 R y" q1 O* s$ e: ^$ ]4 |/ M
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B* J& k, F- ]0 t& Z m+ k( j$ ~! s3 M
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
& \# t. g$ [6 K# b2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue- K Z7 Q, c( c0 O4 c
2012 $1,087 $1,276 6.7% Fiscal cliff- D* x; c7 G, y0 i. p
2013 $679 $672 4.0% Sequester, government shutdown- b9 W4 l+ A" l0 d+ o: X
2014 $485 $1,086 2.7% Debt ceiling
* b) L7 N) l4 z9 a: q5 w7 {: \2015 $438 $327 2.4% Defense = $736.4B6 F9 a$ r. R- T& _2 d% ^6 a$ I
2016 $585 $1,423 3.1% Defense = $767.6B, C; }. ]; s0 I& J6 U
2017 $665 $672 3.4% Defense = $817.9B$ a8 P& E6 P; l, f1 ~
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
* \$ I7 H) s, {# g x' U; S! m2019 $1,091 $1,314 NA Defense = $956.5B
* b, |0 A+ M1 {+ ~2 b( e( W2020 $1,101 $1,281 NA Defense = $989B5 r. ?2 \1 K. \
2021 $1,068 $1,276 NA NA
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