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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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, f4 x, u, H" R9 a8 c' O" O' u2020财年美国预算赤字预计为1.1万亿美元
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% Y% w9 K ~+ G8 e/ Z% H6 s; oThe 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.
! s+ H* G+ ?& F* P4 K2 J' M0 J7 z# i 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# d4 b( _/ O' j" ~/ f
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events4 n1 w2 i( s2 A/ }
1929 ($1) ($1) (0.7%) Market crash
* `$ B' T& G6 w1930 ($1) ($1) (0.8%) Smoot-Hawley
8 \8 k* {+ R6 w: S1931 $0 $1 0.6% Dust Bowl
1 E$ ?5 H4 |- _+ {/ \3 }5 n1932 $3 $3 4.5% Hoover tax hike
" z/ h1 F2 b) U3 |3 B6 Q2 z; `# u2 i. U1933 $3 $3 4.5% FDR New Deal
. }) ~' F6 |9 B$ B4 m9 L6 ?8 ~- N; s1934 $4 $5 5.4% GDP up 10.8%, debt also rose
# C* F- V( }7 w5 `8 T! F, K1935 $3 $2 3.8% Social Security4 H4 T6 b! @! f U/ H. U
1936 $4 $5 5.1% Tax hikes
3 p/ Q" U2 [( G# ^4 ]' q& [1937 $2 $3 2.4% Depression returned, third New Deal
6 X2 L0 E( ^! [0 d. p3 Q9 v& t1938 $0 $1 0.1% Dust Bowl ended$ b! b& x0 K- f' H2 q, O* p1 J
1939 $3 $3 3.0% Depression ended$ U Z/ R$ _& l, a
1940 $3 $3 2.8% Defense increased+ E4 e. L+ O; v& i6 v. e
1941 $5 $6 3.8% Pearl Harbor
% {; c& e- \* \1942 $21 $23 12.3% Battle of Midway$ A8 g4 u6 O+ I( t2 R, s
1943 $55 $64 26.9% Defense tripled4 B/ s4 G9 M! @5 _ q: Y5 e
1944 $48 $64 21.2% Bretton Woods+ v4 }" B3 G% y9 I$ N g
1945 $48 $58 20.0% WWII ended
& y# c5 U6 q0 Y) `( Z7 |1 }! r( R1946 $16 $11 7.0% Recession; W' M: u2 L$ z# I, o
1947 ($4) ($11) (1.6%) Cold War
: S- N3 s' |& }) f" y" L1948 ($12) ($6) (4.2%) Recession
% c3 [8 r7 U- I+ n# x; G1949 ($1) $0 (0.2%) Recession. l+ t# `) Q* Y+ D/ e
1950 $3 $5 1.0% Korean War
6 X; Q, E) P/ R( r0 @! V1951 ($6) ($2) (1.7%) Expansion4 \( N9 l' I7 R0 h& z/ e: K
1952 $2 $4 0.4% Expansion
- r- s: p1 y4 z( j1953 $6 $7 1.7% Korean War ended, recession/ j" V& d1 r$ H+ E/ W
1954 $1 $5 0.3% Recession, Eisenhower budgets. e5 u2 @+ \( M5 c
1955 $3 $3 0.7% Expansion
2 n0 D# B z p8 C3 i% U1956 ($4) ($2) (0.9%) Expansion0 Z; B9 i3 `4 A( |7 f+ p# t- Z
1957 ($3) ($2) (0.7%) Recession% V2 Q) d3 l# N# N0 ^6 k
1958 $3 $6 0.6% Recession ended- `. I. V; z1 n
1959 $13 $8 2.4% Fed raised rates
2 a6 J3 R! c/ W) G: b0 l. c1960 $0 $2 (0.1%) Recession
, x6 l& ~: j$ u k& C5 C6 X1961 $3 $3 0.6% JFK & Bay of Pigs! s, R7 @# _5 K
1962 $7 $10 1.2% Cuban Missile Crisis& _& a% M, k7 c& z0 f8 {
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed- j7 ]0 N: y0 D' z
1964 $6 $6 0.9% LBJ War on Poverty0 {+ D6 v0 M6 @+ w
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War! X0 S# n4 {* _3 H" t. N
1966 $4 $3 0.5%
/ y$ ~9 ~9 c* O5 @$ \. p: c1967 $9 $6 1.0% Expansion$ d! {- V: ^; i! W: K" f
1968 $25 $21 2.6% Moon landing. _+ m0 Q4 q8 B2 A( ?1 v3 R
1969 ($3) $6 (0.3%) Nixon took office
: C& {: F& A; n/ ]5 Q2 e! f1970 $3 $17 0.3% Recession
6 l" Y2 {; T% l% Y( h. T3 F1971 $23 $27 2.0% Wage-price controls
3 n# l) `- q" o& v1972 $23 $29 1.8% Stagflation" X. B6 P# a6 i; G" [
1973 $15 $31 1.0% End of gold standard/ n1 b6 f. ?& t% v) n! h' P1 y
1974 $6 $17 0.4% Budget process created, Watergate) P: K- P$ ]& G& f
1975 $53 $58 3.1% Ford budget, Vietnam War ended
- J+ t/ N2 I2 v3 X1976 $74 $87 3.9% Stagflation
, u& c8 B: Z7 {0 W- Z/ L5 g1977 $54 $78 2.5% Stagflation
K4 I* H. U7 T0 a1 p& w1978 $59 $73 2.5% Carter budget, Recession A- f) r! s+ c
1979 $41 $55 1.5% Recession0 I' G* D: M2 U- M7 }" r3 ~& f
1980 $74 $81 2.6% Volcker raised rates to 20%. C3 L @8 m! @! [' J
1981 $79 $90 2.4% Reagan tax cut+ u. E: D) |6 I6 Z4 I" G
1982 $128 $144 3.8% Reagan increased spending
6 ?% e4 }" Z" }! P: L; L1983 $208 $235 5.6% Jobless rate was 10.8%( b4 V1 l# y# V+ Y# s/ Y6 V: M
1984 $185 $195 4.5% Increased defense spending
+ H1 s0 z R1 L$ O( U+ g# \1985 $212 $256 4.8% Increased defense spending3 W, N; o; v& r( N
1986 $221 $297 4.8% Tax cut
+ o7 A- x( |) a) n1987 $150 $225 3.1% Market crash
2 }" m! e, X0 g4 M5 \1988 $155 $252 2.9% Fed raised rates
2 x; Z+ a+ {9 v0 i% b1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
' H9 s/ i* v4 h7 T* A1990 $221 $376 3.7% Desert Storm
% }9 H3 `' r. Q* C9 l7 F3 {2 _1991 $269 $432 4.3% Recession2 N) ?! a5 P( t1 f
1992 $290 $399 4.4% Expansion- T# K h( `( q0 D
1993 $255 $347 3.7% Clinton signed Budget Act
" ~- P$ a& k! `/ T2 S0 M, Y1994 $203 $281 2.8% Clinton budget
' G4 n A( ?2 c6 }4 n2 R" w" g- e1995 $164 $281 2.1% Expansion( L& H8 u) A# I j8 p
1996 $107 $251 1.3% Welfare reform
/ B h! o0 @; b3 i9 P1997 $22 $188 0.3% Expansion4 P8 r0 o4 ~( ]/ a# l
1998 ($69) $113 (0.8%) LTCM crisis, recession2 i" f5 y0 D: w' j
1999 ($126) $130 (1.3%) Glass-Steagall repealed4 J( {; f8 P% N" ?9 b
2000 ($236) $18 (2.3%) Surplus E. U& y! W K, H4 y6 D- f
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
+ E. H+ A* Y8 l0 U. e2 o2002 $158 $421 1.4% War on Terror3 a2 U1 I/ ~" a% d$ C4 c% B s
2003 $378 $555 3.3% JGTRRA! \# L/ z; U. @) p* k" M8 ]
2004 $413 $596 3.4% Iraq War
3 H8 b9 Z' F; d! l: d- a( N0 T2005 $318 $554 2.4% Katrina, Bankruptcy Act
T5 T+ c- \! E, r2006 $248 $578 1.8% Bernanke chairs Fed7 q5 k b5 I# o* f+ o$ x
2007 $161 $501 1.1% Bank crisis- \/ u# _# }9 Z w% s9 \" f
2008 $459 $1,017 3.1% Bank bailout, QE
, r7 F; m" [& y# [/ G2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
; W8 \. _1 d% R2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles; Y& O$ W4 X0 a5 a. u" z3 K
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
* G; j7 }+ h( ?7 P& d( C2012 $1,087 $1,276 6.7% Fiscal cliff# a/ c* a- f& V4 |
2013 $679 $672 4.0% Sequester, government shutdown
. A' w5 x- A' H; E/ T2014 $485 $1,086 2.7% Debt ceiling$ |% g0 z. Z: b
2015 $438 $327 2.4% Defense = $736.4B
8 q" {7 G. c0 A2016 $585 $1,423 3.1% Defense = $767.6B( o, |* I$ F6 B8 I& F! {
2017 $665 $672 3.4% Defense = $817.9B0 l( \6 U7 C% `1 c: X
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts8 E0 X# Q; \; T$ n% T
2019 $1,091 $1,314 NA Defense = $956.5B
/ t- i4 N( |7 p. B# M2020 $1,101 $1,281 NA Defense = $989B
: f; {! D5 Z* j v2021 $1,068 $1,276 NA NA
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