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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. - {0 D) E8 z/ @# x5 U
$ M7 ^& B8 |" r" t, w2020财年美国预算赤字预计为1.1万亿美元 s3 g7 t+ y$ ?8 P
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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.& _4 x! E( ]0 I7 {" 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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. U9 ?$ y( h1 S( x) {Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
" ~& P Q! E4 v3 \2 l& ~( b3 E7 h1929 ($1) ($1) (0.7%) Market crash
' \# U! n* Q y( f2 o8 Y7 q1930 ($1) ($1) (0.8%) Smoot-Hawley- O& q/ F5 o* |) z+ M
1931 $0 $1 0.6% Dust Bowl
1 d/ g2 Z4 W! o! v! c1932 $3 $3 4.5% Hoover tax hike- _+ G q0 O: b5 c
1933 $3 $3 4.5% FDR New Deal
0 @" }/ e y! R+ ^! Y, k |5 W5 H' A1934 $4 $5 5.4% GDP up 10.8%, debt also rose) B7 y, _' U4 j8 A: M! C, ~7 n
1935 $3 $2 3.8% Social Security
) b1 n% ?+ N, X1 f1936 $4 $5 5.1% Tax hikes( A( n' Z5 }0 v1 Q- ~
1937 $2 $3 2.4% Depression returned, third New Deal1 M; n% v! c4 [, l2 s8 J# A. {
1938 $0 $1 0.1% Dust Bowl ended, l4 s- j" X5 b1 i; S6 r
1939 $3 $3 3.0% Depression ended2 F/ h& \9 j7 T, j* g6 ~' c9 j
1940 $3 $3 2.8% Defense increased
/ S( b: M: {2 Q ]2 l, Y9 ?1941 $5 $6 3.8% Pearl Harbor0 `* N$ [2 g$ f2 O
1942 $21 $23 12.3% Battle of Midway/ h" H( @( h E x+ V$ M' X" X& [
1943 $55 $64 26.9% Defense tripled
# C1 [$ z8 Z( ?/ Z& W4 {: X j+ H1944 $48 $64 21.2% Bretton Woods6 ]$ V0 R) x# `9 ]5 A
1945 $48 $58 20.0% WWII ended3 w- b4 E1 u! [7 j( G5 d
1946 $16 $11 7.0% Recession
: X0 }# } {) ` Y4 l$ L! M1947 ($4) ($11) (1.6%) Cold War) Q ]/ k6 [/ K# S
1948 ($12) ($6) (4.2%) Recession
& h" ~& x5 u/ [: i1949 ($1) $0 (0.2%) Recession$ t) S' u5 H( Q7 N! E: p
1950 $3 $5 1.0% Korean War
7 d: }( g" Q- c; ]1 E. g1951 ($6) ($2) (1.7%) Expansion6 ^* H. t! `0 E; L' t
1952 $2 $4 0.4% Expansion" h0 e, Q4 @, R5 M+ p
1953 $6 $7 1.7% Korean War ended, recession
2 C' H7 B5 d# X" n1 H1954 $1 $5 0.3% Recession, Eisenhower budgets
7 u7 E4 ^2 `4 Q1955 $3 $3 0.7% Expansion' ]6 u5 m' f6 C; G
1956 ($4) ($2) (0.9%) Expansion
, k% P' V* d) Q' }' |. J7 q, H( u- V1957 ($3) ($2) (0.7%) Recession4 E2 M, W* V2 e% E, v! o9 k: G
1958 $3 $6 0.6% Recession ended" K) C3 b, S4 w, N8 D9 S: b
1959 $13 $8 2.4% Fed raised rates- ^& T8 d) j% A2 E
1960 $0 $2 (0.1%) Recession9 b( X6 e, J0 O" X) {
1961 $3 $3 0.6% JFK & Bay of Pigs
! x- a4 l$ r0 r- P. s1962 $7 $10 1.2% Cuban Missile Crisis! |- X' X c# `( B" H
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed$ s! Y$ s* n$ I8 r
1964 $6 $6 0.9% LBJ War on Poverty
* w: h; p7 S- f1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War; `* a" v6 x: t3 I4 V2 O
1966 $4 $3 0.5% 3 _% `' Y8 j3 v. ?) n+ g
1967 $9 $6 1.0% Expansion
% l' b; |, c6 w5 {4 G1968 $25 $21 2.6% Moon landing
* P. c, | a% ?. W, t d1969 ($3) $6 (0.3%) Nixon took office5 m$ f" c" L( a) g
1970 $3 $17 0.3% Recession
* F& G s& q7 c7 D8 F% u8 A( z3 K1971 $23 $27 2.0% Wage-price controls
7 I' N( k2 A3 F# x# F9 }1972 $23 $29 1.8% Stagflation
3 U' z, }5 ^) g3 |5 h2 O- P1973 $15 $31 1.0% End of gold standard* K2 i4 _& R0 z: t! X& R$ s
1974 $6 $17 0.4% Budget process created, Watergate0 U+ t0 U5 P$ P( P/ \ n9 L
1975 $53 $58 3.1% Ford budget, Vietnam War ended
6 c" O1 N+ l$ r5 B1 L3 q$ W7 l [1976 $74 $87 3.9% Stagflation$ N5 Y' q* J& {. e& D% K
1977 $54 $78 2.5% Stagflation
, t1 N: _* M+ B( |$ G- z1978 $59 $73 2.5% Carter budget, Recession
' N$ t R, C3 _7 F/ Z1979 $41 $55 1.5% Recession
1 ]- U7 M x- ^/ `9 m# D6 {1980 $74 $81 2.6% Volcker raised rates to 20%
0 u3 C2 N3 H1 S' z, l1 ^8 d9 ^1981 $79 $90 2.4% Reagan tax cut. ^5 D( I4 w, O& ?/ U, K/ \1 i2 u
1982 $128 $144 3.8% Reagan increased spending6 q# @2 N- D# t: X4 m& y
1983 $208 $235 5.6% Jobless rate was 10.8%4 `- g8 u& z4 U) w6 Q4 A6 U
1984 $185 $195 4.5% Increased defense spending. h/ }; P6 g9 i7 k2 `3 u$ T) F
1985 $212 $256 4.8% Increased defense spending) H/ \. a4 [. T) \6 X* H. X
1986 $221 $297 4.8% Tax cut# ?+ v6 i$ U* C. v8 p9 e. M. f# }
1987 $150 $225 3.1% Market crash
$ w" v. |/ S4 l- ^7 N! Q2 o# z1988 $155 $252 2.9% Fed raised rates
! U+ ]+ g1 V& `% D1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
: C% }: c+ F* a1 O0 ]0 m5 M$ J1990 $221 $376 3.7% Desert Storm
% d8 W) O& m' U) {( u( ?1991 $269 $432 4.3% Recession
8 f6 I" |7 d. D$ V1992 $290 $399 4.4% Expansion1 m1 f9 n4 N x/ E7 w9 C4 |* n5 |
1993 $255 $347 3.7% Clinton signed Budget Act3 t1 m- R+ P. ~6 {
1994 $203 $281 2.8% Clinton budget
" d* Q# m0 P9 h- Q) D1995 $164 $281 2.1% Expansion
# |2 ?; `% \5 E1996 $107 $251 1.3% Welfare reform
' Z+ Y" i2 O# x q @7 z, h( m2 Q1997 $22 $188 0.3% Expansion
$ ]+ d9 X! j2 W( E% M1 d7 b1998 ($69) $113 (0.8%) LTCM crisis, recession
" B* _' X3 w+ |, q+ g1999 ($126) $130 (1.3%) Glass-Steagall repealed" F% Y" f7 L# i: T
2000 ($236) $18 (2.3%) Surplus7 \& A6 }& C3 B4 u1 E
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
G6 L! u1 f; ?5 I. C3 x, s2002 $158 $421 1.4% War on Terror" ^4 ~1 V! G; R* x
2003 $378 $555 3.3% JGTRRA' j- Y1 H/ ~) K" J
2004 $413 $596 3.4% Iraq War" n' J) z& ?) i8 L* [( k
2005 $318 $554 2.4% Katrina, Bankruptcy Act+ r* X2 _( d. k, n, ?
2006 $248 $578 1.8% Bernanke chairs Fed
8 c* P/ A( k" X& h2007 $161 $501 1.1% Bank crisis5 J4 r7 w6 P! {, Y( }
2008 $459 $1,017 3.1% Bank bailout, QE' c& r3 r& e) b; M9 z% C
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
9 k! Y8 q1 A! |2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
; b' s2 m3 ~) N# U, L* \2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
Z0 z7 M) _7 r& h: i2012 $1,087 $1,276 6.7% Fiscal cliff" t+ t- a* E+ [; q \% b
2013 $679 $672 4.0% Sequester, government shutdown
0 u" w/ y3 F" Q& e/ X9 b- R( t) q2014 $485 $1,086 2.7% Debt ceiling
! o+ `! s4 G# p7 g; ~& O2015 $438 $327 2.4% Defense = $736.4B6 @! k& j/ A @. c6 }* B1 g9 _! Z( Y
2016 $585 $1,423 3.1% Defense = $767.6B# i7 ^1 h2 A& p# T& n- j: Z/ j
2017 $665 $672 3.4% Defense = $817.9B( `6 M; L- V5 d: z, a' A
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
" v( h+ a/ ?1 I% d0 ]2019 $1,091 $1,314 NA Defense = $956.5B
* ?, U/ C; ]5 A) X2020 $1,101 $1,281 NA Defense = $989B6 M: S" H' X2 H" J- r: \ K7 N
2021 $1,068 $1,276 NA NA
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