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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. - ~! W' ]6 T/ ~; m1 X( w
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2020财年美国预算赤字预计为1.1万亿美元( a' F% t1 F* F9 R
" `6 Y5 `! J1 O* e S0 F/ ^8 bThe first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.9 P% O% H6 }% }) t" R3 E0 n; K; [
第一列表示会计年度,其次是该年度的赤字(十亿)。其次是财政年度的债务增加,其次是赤字/ GDP。最后,列举了影响赤字的事件
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$ ]2 W. J6 ~% C! ?% }9 @3 xFiscal Year Deficit (in billions) Debt Deficit/GDP Events- q) J' |2 i( q/ }; f
1929 ($1) ($1) (0.7%) Market crash- H- E+ ^, R6 K- E
1930 ($1) ($1) (0.8%) Smoot-Hawley
/ J: e5 i; m" i1931 $0 $1 0.6% Dust Bowl5 H4 S4 v; v& m& Q
1932 $3 $3 4.5% Hoover tax hike
: O! S% p0 i( w) }1933 $3 $3 4.5% FDR New Deal
6 e/ Q" [8 ?7 v5 {) [; l1934 $4 $5 5.4% GDP up 10.8%, debt also rose
3 {/ w( W) P) V1935 $3 $2 3.8% Social Security
% U) ~1 K# X7 |9 s1936 $4 $5 5.1% Tax hikes
& r- S8 h' M7 K* V9 P1937 $2 $3 2.4% Depression returned, third New Deal
& n; t! ~- p; @# ]! _1938 $0 $1 0.1% Dust Bowl ended" ~# ]# ]4 Y; p% q
1939 $3 $3 3.0% Depression ended* Q% a8 b$ l4 `0 U0 Y1 C4 U2 i4 M/ x
1940 $3 $3 2.8% Defense increased
; s; {" |8 e0 O$ n1941 $5 $6 3.8% Pearl Harbor. o( q% j p" ^4 o1 K, z* e
1942 $21 $23 12.3% Battle of Midway
9 y# H* T% k& Y6 w" C* I1943 $55 $64 26.9% Defense tripled- a1 |" y7 V& R3 c9 N% U
1944 $48 $64 21.2% Bretton Woods
9 o5 C. g/ n* S9 s/ s1945 $48 $58 20.0% WWII ended% q& L/ O: A! K" }5 {* l
1946 $16 $11 7.0% Recession5 }# C5 ^% a" Q
1947 ($4) ($11) (1.6%) Cold War' e6 C9 C2 D+ S Y
1948 ($12) ($6) (4.2%) Recession; u* F+ G4 X# h- E& D+ J
1949 ($1) $0 (0.2%) Recession. ^* s+ j' {& G3 ~9 ]3 Z7 V
1950 $3 $5 1.0% Korean War& x" v$ L! E$ x: n& q4 q3 `
1951 ($6) ($2) (1.7%) Expansion: v7 f5 M& O1 l9 s: S- _% Y
1952 $2 $4 0.4% Expansion
* ^1 g) C# J- D5 k0 l1953 $6 $7 1.7% Korean War ended, recession" m; O! j" v0 T- X$ K
1954 $1 $5 0.3% Recession, Eisenhower budgets: x* m( d6 F2 P
1955 $3 $3 0.7% Expansion. d& l i; p5 o# y: Y
1956 ($4) ($2) (0.9%) Expansion5 f, n8 w5 v8 N! N6 C! K+ w
1957 ($3) ($2) (0.7%) Recession& a/ @; h$ V* f( W" \6 a0 ~/ }" j9 f
1958 $3 $6 0.6% Recession ended
2 H2 Y: u- K% G& `+ b+ v7 D5 d$ d1959 $13 $8 2.4% Fed raised rates
' e, d3 k t$ t- Z" ~: b3 a G1960 $0 $2 (0.1%) Recession9 Y) X' ], J+ R" S0 ?, `8 N1 k
1961 $3 $3 0.6% JFK & Bay of Pigs' O1 p7 Q9 Q/ Q5 @. W2 n
1962 $7 $10 1.2% Cuban Missile Crisis
, C8 \1 g* ?4 c- s1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed% v. T* e5 z& Q$ |. t. D
1964 $6 $6 0.9% LBJ War on Poverty
7 U: Z( \% X% U! ^: P; J1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War+ e3 S; J2 d2 j
1966 $4 $3 0.5% ( R/ ^/ @+ ]8 l$ ^7 H; I, J
1967 $9 $6 1.0% Expansion; _. C. H/ p7 B- I+ }/ E
1968 $25 $21 2.6% Moon landing7 m2 _# q$ l+ x5 P) h) ^7 q2 e( q) w
1969 ($3) $6 (0.3%) Nixon took office
2 b" C# I8 `' ?1970 $3 $17 0.3% Recession2 r0 u9 S7 O5 B: j9 u8 h9 l
1971 $23 $27 2.0% Wage-price controls
& [( a! [7 K9 \/ h' ]1972 $23 $29 1.8% Stagflation
4 m! ~0 e! {. \# s7 f/ C3 S1973 $15 $31 1.0% End of gold standard
! t8 p# B& z) m1974 $6 $17 0.4% Budget process created, Watergate
. E/ M( j3 R6 n( A0 A1975 $53 $58 3.1% Ford budget, Vietnam War ended
! P, Z# x; P4 }0 f5 e+ ^% t* B1976 $74 $87 3.9% Stagflation8 R( i. g5 K X8 R
1977 $54 $78 2.5% Stagflation
0 Z5 b. T, L2 R' L1978 $59 $73 2.5% Carter budget, Recession' R/ u- C4 M8 T- r
1979 $41 $55 1.5% Recession
" w2 Z+ l. I/ u5 v5 l1980 $74 $81 2.6% Volcker raised rates to 20%0 @( N( L4 i) }
1981 $79 $90 2.4% Reagan tax cut' w$ q( `) F4 k5 l+ t! g1 m$ r: ]
1982 $128 $144 3.8% Reagan increased spending! D) Z5 i( p9 \" d% O+ | W& B: P
1983 $208 $235 5.6% Jobless rate was 10.8%
2 G+ o S9 G8 ?' B8 R1984 $185 $195 4.5% Increased defense spending
. ~& c3 D2 }2 G+ Y5 @1985 $212 $256 4.8% Increased defense spending
. J& l/ L* K* h4 z: }* L- M1986 $221 $297 4.8% Tax cut
* j7 V2 p/ ^( a# [- p7 d. V1987 $150 $225 3.1% Market crash/ p4 P- S; v4 f, ?
1988 $155 $252 2.9% Fed raised rates
# n" J8 V/ f; X: ]) C8 @7 W W. o1989 $153 $255 2.7% S&L Crisis, Bush 41 budget$ I: T5 {% e6 `/ G3 T: c. r# `
1990 $221 $376 3.7% Desert Storm; e5 O" |/ N% [+ h( s
1991 $269 $432 4.3% Recession/ B% Y& ?% }+ M6 l! [
1992 $290 $399 4.4% Expansion
' F' a) Y4 Q3 D ?0 z1 l# N f1993 $255 $347 3.7% Clinton signed Budget Act
3 z. P# \/ [) `- l1994 $203 $281 2.8% Clinton budget
" _7 i3 k: F, w% s) }' U1995 $164 $281 2.1% Expansion" F% Q" }- |! ^3 ^9 @; Z
1996 $107 $251 1.3% Welfare reform
. `4 l3 w' {! c9 F& `0 J5 \! f1997 $22 $188 0.3% Expansion
3 |. D+ K. H* }8 U8 b" c1998 ($69) $113 (0.8%) LTCM crisis, recession% f7 r3 \$ f N* }/ k3 H+ ^! u
1999 ($126) $130 (1.3%) Glass-Steagall repealed
6 }' I2 A. R4 s+ d9 S2000 ($236) $18 (2.3%) Surplus
- _) K2 x, ?$ b2 _' G2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
$ C: Z" Q) n5 a0 y9 }- b. C) a6 o$ a2002 $158 $421 1.4% War on Terror
5 m; W- `; N7 S* t, W# i8 g6 B2003 $378 $555 3.3% JGTRRA( j- [2 o5 ~1 w" I+ X& K+ u
2004 $413 $596 3.4% Iraq War
/ W6 g8 O- Z* [/ g% B* B Q# O2005 $318 $554 2.4% Katrina, Bankruptcy Act
# |1 w! J, [- S* x2006 $248 $578 1.8% Bernanke chairs Fed
( b+ I3 R s6 r% @# r6 H3 U' _3 `2007 $161 $501 1.1% Bank crisis% P% t' t8 F' t% C
2008 $459 $1,017 3.1% Bank bailout, QE
: i. L( _7 A' z5 v. }& b2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B+ |3 s, K: G% O" ]! _% ^6 O
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
8 J/ v8 S$ K t+ L2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
5 m# l( r0 v) z" b$ Y+ l5 ~0 L2012 $1,087 $1,276 6.7% Fiscal cliff
- `5 E! y5 \8 ]2013 $679 $672 4.0% Sequester, government shutdown
4 B* N, z9 M& w3 I& \2014 $485 $1,086 2.7% Debt ceiling
: G; B7 E7 s/ o1 Q+ H9 F2 b. D2015 $438 $327 2.4% Defense = $736.4B
% b, H: L7 w& l& Q' I( w, z" P2016 $585 $1,423 3.1% Defense = $767.6B
0 [1 c( G" `% g- q9 ?9 m, V2017 $665 $672 3.4% Defense = $817.9B
4 G% A4 F1 |8 \3 K) o& s; d& a7 h2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
! e$ ]3 @2 m5 i7 t7 }2019 $1,091 $1,314 NA Defense = $956.5B
9 X, t( a3 ]+ R9 ?/ P2020 $1,101 $1,281 NA Defense = $989B9 L2 ?2 f7 t$ {- M
2021 $1,068 $1,276 NA NA
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