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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 7 `5 @, ]8 h: w
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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." q# A/ F3 I9 J6 D% o# Q+ g
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: y* E6 C+ u+ a- Z
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
6 b; P7 {0 S" Y# e H) i1929 ($1) ($1) (0.7%) Market crash5 i1 e0 n$ d7 c
1930 ($1) ($1) (0.8%) Smoot-Hawley9 C/ D2 W6 L. q2 V$ M% z& |
1931 $0 $1 0.6% Dust Bowl8 E2 [, s, M9 [: O, ?8 o
1932 $3 $3 4.5% Hoover tax hike" y5 k! [; W2 b- {
1933 $3 $3 4.5% FDR New Deal
8 ]* ^+ \) H7 C2 K1934 $4 $5 5.4% GDP up 10.8%, debt also rose$ C. Q; V: S2 v# R9 h: B/ @
1935 $3 $2 3.8% Social Security& z" R& [% i7 J. |4 i; x
1936 $4 $5 5.1% Tax hikes
; o) D! \; H G5 `. n/ ^1937 $2 $3 2.4% Depression returned, third New Deal
- E+ W7 A# u. v6 T% A* X. ^1938 $0 $1 0.1% Dust Bowl ended7 i* Y8 B+ Q! h, g1 V
1939 $3 $3 3.0% Depression ended
* M& Y8 v& i9 O" j, @+ ]/ x1940 $3 $3 2.8% Defense increased, v% y9 I: | R- G6 q; `* K, w) V
1941 $5 $6 3.8% Pearl Harbor( ^3 C3 L$ j0 L& {* Y% P& B% H+ c
1942 $21 $23 12.3% Battle of Midway3 f3 Q6 ?7 K0 x& m
1943 $55 $64 26.9% Defense tripled
6 W, z7 w# S" J( H8 _8 W1944 $48 $64 21.2% Bretton Woods: W7 |7 m a! _: Y* g
1945 $48 $58 20.0% WWII ended
1 m% B/ N; Q/ b* Z: [% X6 |$ ~0 Y1946 $16 $11 7.0% Recession4 o7 y# P0 Y: m" {0 t! a' s
1947 ($4) ($11) (1.6%) Cold War
/ b; @9 G2 Z$ u" h D3 \3 u, A8 t- w1948 ($12) ($6) (4.2%) Recession
% u* g/ v F$ I0 y3 Z1949 ($1) $0 (0.2%) Recession
& w( O/ \1 h( \3 `1950 $3 $5 1.0% Korean War
" q& n: D# O- V& n& P; ^1951 ($6) ($2) (1.7%) Expansion# |4 K6 T: y; z' I$ U1 a4 e) {* f
1952 $2 $4 0.4% Expansion" W1 f, q; n2 S0 {
1953 $6 $7 1.7% Korean War ended, recession
; K& y5 }) I, o; A) w$ U P0 Y: T1954 $1 $5 0.3% Recession, Eisenhower budgets5 @0 N+ s3 } {3 t2 \
1955 $3 $3 0.7% Expansion$ H& Y, X" [4 U
1956 ($4) ($2) (0.9%) Expansion* C c) g/ d) _5 O, q, j/ g' s; U. { Z
1957 ($3) ($2) (0.7%) Recession' b) W# }( h' r' B6 g" h; K* g& h
1958 $3 $6 0.6% Recession ended
% u m) r ]1 O- o+ z1959 $13 $8 2.4% Fed raised rates
- W8 S- m7 E6 h8 u L1960 $0 $2 (0.1%) Recession
& [( x" S! e6 @" _1961 $3 $3 0.6% JFK & Bay of Pigs
' `- v8 x: K2 [' b' G! Q0 X; H9 y1962 $7 $10 1.2% Cuban Missile Crisis
5 K" W2 E& C4 l" z; w9 H2 I1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
% u+ h L q; g5 E1964 $6 $6 0.9% LBJ War on Poverty
4 u/ C" T9 p# Q. Q% P1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War5 |; @. h$ z) F1 O5 d! K- _; H8 R
1966 $4 $3 0.5% 4 k) H9 g, D) _+ w2 Q
1967 $9 $6 1.0% Expansion" W) u2 U$ ^5 G. C5 J- E9 |
1968 $25 $21 2.6% Moon landing. b0 u) s6 {* {* b9 q/ ?
1969 ($3) $6 (0.3%) Nixon took office* R4 A2 A0 f$ M5 F' m9 M2 C& s
1970 $3 $17 0.3% Recession
* U; u7 P" N$ j* \; w' A1971 $23 $27 2.0% Wage-price controls5 T& g3 Q* i. B7 Q2 K
1972 $23 $29 1.8% Stagflation, L7 O' e8 d9 ^* P) O
1973 $15 $31 1.0% End of gold standard% h9 k& i5 U0 @; D! {
1974 $6 $17 0.4% Budget process created, Watergate X9 Q) n% c+ [8 z/ k8 d% ?7 O
1975 $53 $58 3.1% Ford budget, Vietnam War ended
' T2 ?% }& i% Y1976 $74 $87 3.9% Stagflation
2 i0 s8 U; \) @1977 $54 $78 2.5% Stagflation
; G$ B3 I( \7 N+ f9 o1978 $59 $73 2.5% Carter budget, Recession/ p# x' |, P/ Q4 p& n: }- Q4 T, E
1979 $41 $55 1.5% Recession
# H- Q$ _4 B$ Q( s1980 $74 $81 2.6% Volcker raised rates to 20%
! p7 g4 Q, M7 K9 r1 ]1981 $79 $90 2.4% Reagan tax cut7 e0 P1 Y; y0 q# l" y
1982 $128 $144 3.8% Reagan increased spending9 Y0 g Q% p) C6 W
1983 $208 $235 5.6% Jobless rate was 10.8%
' a% s0 ?% R' s# S: e; Q% j2 w1984 $185 $195 4.5% Increased defense spending# I; W, O; S$ W) g+ i
1985 $212 $256 4.8% Increased defense spending
: v- {6 b( n$ K- |3 \, n1986 $221 $297 4.8% Tax cut- x3 [& a6 ^( m+ D# A2 b
1987 $150 $225 3.1% Market crash
% M. K$ j9 G6 @4 l1988 $155 $252 2.9% Fed raised rates
) E& B- P1 _: o" p1 G1989 $153 $255 2.7% S&L Crisis, Bush 41 budget/ V/ t5 X; F6 D! K( n3 c
1990 $221 $376 3.7% Desert Storm
Z! a4 V7 ]$ W1991 $269 $432 4.3% Recession
! m$ @7 O4 A; Y1992 $290 $399 4.4% Expansion
9 H/ K: |( F" W' U) ^9 k# d% F1993 $255 $347 3.7% Clinton signed Budget Act
& q4 F* r& J; p- s- h1994 $203 $281 2.8% Clinton budget; [1 t$ i8 ?# A# y1 w/ v- }
1995 $164 $281 2.1% Expansion% l) g0 ~. _) f& I( g$ l- f, J. s
1996 $107 $251 1.3% Welfare reform, h$ E9 x. v, Y9 K7 I
1997 $22 $188 0.3% Expansion. I" F/ p4 o2 {) n# ~
1998 ($69) $113 (0.8%) LTCM crisis, recession9 B; B: q) Q6 `1 N5 ~
1999 ($126) $130 (1.3%) Glass-Steagall repealed
2 W1 [& s& R. j2000 ($236) $18 (2.3%) Surplus
+ [( R+ n% Q& y- @5 n) M2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA& V9 m7 I6 y* e7 }0 w2 `7 H' ?
2002 $158 $421 1.4% War on Terror
0 g% g: @ |& n2003 $378 $555 3.3% JGTRRA
" B/ U- E4 K' ^5 [; `2004 $413 $596 3.4% Iraq War
4 @" U& C4 X' L# o, m3 E2005 $318 $554 2.4% Katrina, Bankruptcy Act
) r) O* }1 e! Y/ c$ O2 I: ]3 L2006 $248 $578 1.8% Bernanke chairs Fed
" O7 Y! C6 l. \% h* K' r2007 $161 $501 1.1% Bank crisis& U5 j$ v; l# k
2008 $459 $1,017 3.1% Bank bailout, QE: Z3 d! D) p; S7 ?8 O- X
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B/ r! {' ` S+ g7 Z; _4 E1 a/ C
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles- @1 U2 H# B! F. _5 I
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue/ F. Z' R6 `( R' V( g
2012 $1,087 $1,276 6.7% Fiscal cliff3 M5 F# y2 ~, C5 J0 b4 t! H$ R9 y6 n
2013 $679 $672 4.0% Sequester, government shutdown
1 X1 J, c O1 Q# h W2 h4 _2014 $485 $1,086 2.7% Debt ceiling9 I( M( U. g3 M) n) }% Y4 ` f
2015 $438 $327 2.4% Defense = $736.4B4 F0 W4 {+ P$ \; m0 K2 b
2016 $585 $1,423 3.1% Defense = $767.6B
/ |* `: b3 d# t( L& d8 e% S2017 $665 $672 3.4% Defense = $817.9B- J" u$ c- m9 t! n1 ~1 a
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts1 X N. ^0 h7 Q: k3 D( h. @( d
2019 $1,091 $1,314 NA Defense = $956.5B
7 ?' s! X. O9 z& h# G. ~$ ^2020 $1,101 $1,281 NA Defense = $989B0 A3 p/ r: M, G# N' G* S% b
2021 $1,068 $1,276 NA NA) [. b* I1 D- K+ e
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