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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. ; J1 r% w& Y7 R& ]8 o: S& B% B7 |
0 ]$ N a, N" R0 z2020财年美国预算赤字预计为1.1万亿美元+ Z* V" p; Q0 E$ C! }1 Y! }
% u D8 V# B1 s1 K/ [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.' A: T+ x: s$ W/ T
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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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events$ I* u8 }& D' x9 Q) y- _% Q+ N s0 U
1929 ($1) ($1) (0.7%) Market crash4 M# k8 ~7 e- |: d& G7 ^5 p
1930 ($1) ($1) (0.8%) Smoot-Hawley6 o6 Q8 _0 y* m: u
1931 $0 $1 0.6% Dust Bowl
4 a/ d0 u1 v' H1932 $3 $3 4.5% Hoover tax hike. N: F6 t1 u B* _. D/ _/ d8 G* U4 `3 i
1933 $3 $3 4.5% FDR New Deal
' z' T( ^& q( h5 M1934 $4 $5 5.4% GDP up 10.8%, debt also rose
% q$ R4 o" W5 F+ z1 i* ~1935 $3 $2 3.8% Social Security H$ e7 P$ k0 H$ |1 Q% j" {9 x
1936 $4 $5 5.1% Tax hikes( O: I9 f# `" I b- `6 H
1937 $2 $3 2.4% Depression returned, third New Deal) S: Z! Z2 A& r7 C% z# ], B
1938 $0 $1 0.1% Dust Bowl ended
4 @# M0 p& J0 r, o, |8 G* V( D8 e1939 $3 $3 3.0% Depression ended
L O9 ^$ h' c2 j3 x1 m- w! U1940 $3 $3 2.8% Defense increased, T+ F1 ]+ ^- c4 y& `% J* [9 \
1941 $5 $6 3.8% Pearl Harbor
% y* g" _2 W/ n' K% {$ Q1942 $21 $23 12.3% Battle of Midway, L. ?; V! Q( L: S
1943 $55 $64 26.9% Defense tripled
4 b- E! l( n% u: ?% K1944 $48 $64 21.2% Bretton Woods
8 r9 a+ c! J5 X4 S- U1945 $48 $58 20.0% WWII ended
/ J& O- X5 m& D3 C/ L* O! l1946 $16 $11 7.0% Recession8 c8 o: \# D( V6 [) ]( N" U
1947 ($4) ($11) (1.6%) Cold War7 p2 m) }+ k* ~ s9 u8 p" c
1948 ($12) ($6) (4.2%) Recession5 g( e& h* m; X' q. R
1949 ($1) $0 (0.2%) Recession
4 f8 Q8 T+ e% |! {% A+ G1950 $3 $5 1.0% Korean War
) \# m }9 t; h" J. M( F8 I) |! U1951 ($6) ($2) (1.7%) Expansion
6 G$ a* e0 g. ` y+ H1952 $2 $4 0.4% Expansion
+ \( a; R! N3 L5 \- J1953 $6 $7 1.7% Korean War ended, recession0 K5 R" `1 M0 \# n# x$ ?/ [9 F
1954 $1 $5 0.3% Recession, Eisenhower budgets/ h* r/ W+ c) V. t# \- P* `" Y
1955 $3 $3 0.7% Expansion
& G- V4 j1 S/ F/ E0 n5 I7 a1956 ($4) ($2) (0.9%) Expansion
/ W, R: y2 P0 g9 u! G! o8 V3 X+ }1957 ($3) ($2) (0.7%) Recession
r. F. m/ @5 I2 |- m1958 $3 $6 0.6% Recession ended
5 }! e, x; C% a$ z+ g6 ]1959 $13 $8 2.4% Fed raised rates
& J0 p/ k5 D/ ~: s' _# _3 t1 M1960 $0 $2 (0.1%) Recession" v; V! W: c! r$ F
1961 $3 $3 0.6% JFK & Bay of Pigs
8 O" q$ F& N" _1962 $7 $10 1.2% Cuban Missile Crisis
& w, A9 Z' u6 B1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed! H7 Y3 R" u8 {$ S( ?6 O: Y
1964 $6 $6 0.9% LBJ War on Poverty
- y3 `) h8 }$ l& |& V8 V% N- K1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War: h- H& l7 E# `4 i( X
1966 $4 $3 0.5%
0 x d: E7 M' P' O h! G1967 $9 $6 1.0% Expansion
: M( Y9 ], A# [# M Z1968 $25 $21 2.6% Moon landing7 G' H/ b/ w( \- M
1969 ($3) $6 (0.3%) Nixon took office3 p' @. X4 r" o" h2 O
1970 $3 $17 0.3% Recession3 A! g4 \! [; K4 |" c; Y7 z3 s
1971 $23 $27 2.0% Wage-price controls
0 u# m& `" C& _! x1972 $23 $29 1.8% Stagflation. y& Q6 l% @0 k& m
1973 $15 $31 1.0% End of gold standard
/ y/ m, c! y4 C: r6 X1974 $6 $17 0.4% Budget process created, Watergate( k8 }( W9 p: C/ k8 O+ v; @2 n" q
1975 $53 $58 3.1% Ford budget, Vietnam War ended% a6 Y* ~0 s4 X9 @. r
1976 $74 $87 3.9% Stagflation
$ F# r4 Y, e" K3 |1977 $54 $78 2.5% Stagflation
7 x# N- l& G8 {9 z$ L' @6 a, b1978 $59 $73 2.5% Carter budget, Recession
- s h. n( N. ]0 v1979 $41 $55 1.5% Recession
* o$ }8 e, ?( v/ s1980 $74 $81 2.6% Volcker raised rates to 20%
+ t, v( X- q, i6 X6 K6 O6 N4 f. \/ H1981 $79 $90 2.4% Reagan tax cut
2 ?0 b6 V' ?4 a/ N1 d( i9 q1 R1982 $128 $144 3.8% Reagan increased spending
. V7 D6 H' P9 y6 Q: i1983 $208 $235 5.6% Jobless rate was 10.8%% p9 r6 b* I$ u8 ^& G6 Q8 \) U
1984 $185 $195 4.5% Increased defense spending2 _: a; b1 K6 I3 r, ^6 V0 q" Z
1985 $212 $256 4.8% Increased defense spending9 S; O- W; q: o
1986 $221 $297 4.8% Tax cut
4 A- d% I# B3 P$ N, _5 A1987 $150 $225 3.1% Market crash
% n; U6 J2 p. z! g) T% w# O1988 $155 $252 2.9% Fed raised rates
- p2 H/ g; }9 d) o$ a& k1989 $153 $255 2.7% S&L Crisis, Bush 41 budget6 W% F7 S4 d! u/ S5 R
1990 $221 $376 3.7% Desert Storm- s* h4 U6 ~% M, \* ]1 o( q6 |
1991 $269 $432 4.3% Recession
9 n, [/ Z' P4 g% t1992 $290 $399 4.4% Expansion
& H+ D+ u) F8 Y1993 $255 $347 3.7% Clinton signed Budget Act
4 k* ?+ ~5 r# Z" h: ?. @" f1994 $203 $281 2.8% Clinton budget
" v2 d. R! ?7 |) \! h; `' u1 M1995 $164 $281 2.1% Expansion
0 ~# P1 r- g$ Z- Q: a( c, O1996 $107 $251 1.3% Welfare reform
3 G! j- ?, i4 P1997 $22 $188 0.3% Expansion" L4 [! R1 x% H- ?, s }5 Y9 A
1998 ($69) $113 (0.8%) LTCM crisis, recession5 {- f0 H" d) t# X1 G
1999 ($126) $130 (1.3%) Glass-Steagall repealed& h. ^# D6 h& M; L
2000 ($236) $18 (2.3%) Surplus5 y7 u7 Q# v6 n ]) [" M. |) u# w
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA9 b* d9 ? b% I) h% I
2002 $158 $421 1.4% War on Terror8 j8 t( Q* ? G3 E& n5 ?5 Z
2003 $378 $555 3.3% JGTRRA
( t! R& o8 w" {1 Y; v+ C" Z2004 $413 $596 3.4% Iraq War
y2 y) a0 N4 D7 \+ }6 K2005 $318 $554 2.4% Katrina, Bankruptcy Act
3 M& ]$ W6 e/ B, P2006 $248 $578 1.8% Bernanke chairs Fed
7 j$ K& r# C4 N) O$ W2007 $161 $501 1.1% Bank crisis
: p4 Q5 [( ]$ C% U7 d/ l0 X/ D2008 $459 $1,017 3.1% Bank bailout, QE
9 m+ ]) @4 M# n) W' v, ?2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
) z( a `" ^5 C1 ?) J! g2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles% N/ |4 J) ~; w+ L D- G
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue0 @; y, g8 @/ U$ `- A! ^$ X
2012 $1,087 $1,276 6.7% Fiscal cliff
9 w Z6 J% F6 T" _, R( S8 d4 ?; i2013 $679 $672 4.0% Sequester, government shutdown; o. Z6 e, A$ w7 E
2014 $485 $1,086 2.7% Debt ceiling( [( a/ u# Q3 b# v
2015 $438 $327 2.4% Defense = $736.4B
. _# x& Z* F; \& X9 W. H, k2016 $585 $1,423 3.1% Defense = $767.6B
" r( z9 ^5 k4 k% c2017 $665 $672 3.4% Defense = $817.9B
- w! j/ K: t2 m* m) _ l0 c* z9 h9 q2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts4 r, S; ]; E: S" `
2019 $1,091 $1,314 NA Defense = $956.5B% q/ l; h' j( X$ c+ O5 u$ {
2020 $1,101 $1,281 NA Defense = $989B/ e2 j6 h0 _6 ?' r+ n. K
2021 $1,068 $1,276 NA NA9 c* r3 x, l* p' ]+ t8 h' g' v
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