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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. ; ~% r; E) \% g. U; ^, E
- c4 B, E8 b- p* s, y! P, j2020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.
5 V. ?6 l. q+ d: x 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/ M0 r- w" ~) t, a- V
1929 ($1) ($1) (0.7%) Market crash
7 S) Z0 S0 ?% f* }8 r% i1930 ($1) ($1) (0.8%) Smoot-Hawley
% c p5 V3 f8 Q- [7 M* W1931 $0 $1 0.6% Dust Bowl
1 _9 G. y' [+ Y6 U) |6 M" @, z/ E1932 $3 $3 4.5% Hoover tax hike
- z1 _- U: X1 ^9 ^3 S5 I1933 $3 $3 4.5% FDR New Deal
+ W# N# H* d+ R2 x" E5 r u1934 $4 $5 5.4% GDP up 10.8%, debt also rose5 ]$ i l) b6 J2 h3 O$ ?
1935 $3 $2 3.8% Social Security
9 `' w4 r$ n6 h- ?. e" M1936 $4 $5 5.1% Tax hikes
0 b* ]% t X _6 Z- u) @5 d- l1937 $2 $3 2.4% Depression returned, third New Deal3 l/ d1 f5 f: x3 A' y
1938 $0 $1 0.1% Dust Bowl ended% u4 N! A+ L% L" V% @ x
1939 $3 $3 3.0% Depression ended
; a( Y8 } q) s4 w' Q1940 $3 $3 2.8% Defense increased
" E3 ^6 z6 J B1941 $5 $6 3.8% Pearl Harbor* A+ }. b t4 P+ q3 T6 E8 I
1942 $21 $23 12.3% Battle of Midway
! B. f2 ]+ q/ P# j) c1943 $55 $64 26.9% Defense tripled) s+ u( ^& Z; q+ B0 ^1 e
1944 $48 $64 21.2% Bretton Woods- L+ ^ w/ \4 ]8 ]& f3 z1 _
1945 $48 $58 20.0% WWII ended
7 e5 h# x6 Y3 W# w+ M3 O1946 $16 $11 7.0% Recession
2 J& w/ d0 }, i+ S1947 ($4) ($11) (1.6%) Cold War9 n/ R, G y. j1 ?
1948 ($12) ($6) (4.2%) Recession" q# r* m2 k; k" H+ b
1949 ($1) $0 (0.2%) Recession1 E! d2 Q0 a3 w
1950 $3 $5 1.0% Korean War
- }/ F, j7 I+ s. t/ u1951 ($6) ($2) (1.7%) Expansion
% B0 K3 |2 U- m J1952 $2 $4 0.4% Expansion
* |$ K. V. k/ b [: V9 R, v. {1953 $6 $7 1.7% Korean War ended, recession& I: Z. N' `9 G$ C
1954 $1 $5 0.3% Recession, Eisenhower budgets9 v) S: {+ m8 ~3 R" |- j$ v3 K9 g: n
1955 $3 $3 0.7% Expansion* X' j* `! d1 W9 v" i, r% G
1956 ($4) ($2) (0.9%) Expansion
; s( V8 J* J8 m; x" q1957 ($3) ($2) (0.7%) Recession
# A$ O+ T7 O: _0 q+ P7 v1958 $3 $6 0.6% Recession ended
* y- Z. A) I e8 }8 K9 j) \1959 $13 $8 2.4% Fed raised rates+ M: Y( y2 n( S9 Z d0 n( Z' z
1960 $0 $2 (0.1%) Recession) Y# c/ ]2 I( j' o
1961 $3 $3 0.6% JFK & Bay of Pigs
# N" ?( }. ~. O1962 $7 $10 1.2% Cuban Missile Crisis
0 a' I+ F% F# [1 `6 V% @1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
3 q% c5 k; ]6 C, e1964 $6 $6 0.9% LBJ War on Poverty; u6 E( [3 O) \
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
4 W3 r5 D: B2 `1966 $4 $3 0.5%
( g+ e# ~6 {; u4 T& S) x1967 $9 $6 1.0% Expansion
3 g; a/ c: _7 s" D. \+ b0 Z/ S1968 $25 $21 2.6% Moon landing
: f! A' ~- D- N5 J* T1969 ($3) $6 (0.3%) Nixon took office5 j5 f% [; f# p8 G7 W& a
1970 $3 $17 0.3% Recession* c' ~/ @& M; v j! {8 H0 C2 M8 d
1971 $23 $27 2.0% Wage-price controls1 I/ H5 Y1 z" }
1972 $23 $29 1.8% Stagflation
- h( y, q# ]! C3 {( X( O1973 $15 $31 1.0% End of gold standard, _) b' c- L* S3 ]* n+ B4 |, t0 V
1974 $6 $17 0.4% Budget process created, Watergate0 o8 Q/ \3 a4 F1 c2 R& z7 F
1975 $53 $58 3.1% Ford budget, Vietnam War ended1 b& F5 \7 j* x) Z/ z; ~6 v
1976 $74 $87 3.9% Stagflation
; h" S- {4 q! E! ^1977 $54 $78 2.5% Stagflation' M9 u& `. L! Z8 @, Q$ [
1978 $59 $73 2.5% Carter budget, Recession. d: v7 E, S G8 G% S3 u1 I
1979 $41 $55 1.5% Recession
2 W& ]! z0 b% T& V U1980 $74 $81 2.6% Volcker raised rates to 20%; q9 Q3 B$ N$ F' y {. ]
1981 $79 $90 2.4% Reagan tax cut. l9 P$ m6 f+ E: k4 l3 E
1982 $128 $144 3.8% Reagan increased spending
7 {/ B A2 X2 n# A6 f0 i! O1983 $208 $235 5.6% Jobless rate was 10.8%! P8 A! k" x0 y7 n. M5 g& y
1984 $185 $195 4.5% Increased defense spending
0 H( t4 i/ W9 j1985 $212 $256 4.8% Increased defense spending6 U# N; X; v+ @1 H
1986 $221 $297 4.8% Tax cut
' `. s4 b x6 q! ?1987 $150 $225 3.1% Market crash
: P5 n K o7 ]# g* S/ ]1988 $155 $252 2.9% Fed raised rates' ^+ P2 |8 d8 s# N' e& ]" K% J, |
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
/ q, M# q5 c& O8 ]% s# K1990 $221 $376 3.7% Desert Storm8 C! x7 {; q3 a3 }! ^8 u
1991 $269 $432 4.3% Recession1 [. r/ N4 ?( V0 f( W U2 H
1992 $290 $399 4.4% Expansion* j x( N0 t R8 E
1993 $255 $347 3.7% Clinton signed Budget Act. b, W$ ^, ?& p# D# I6 R/ {) d+ \
1994 $203 $281 2.8% Clinton budget% \5 l! A' S5 ]
1995 $164 $281 2.1% Expansion
. M7 V" ~: \; T$ @1996 $107 $251 1.3% Welfare reform8 P8 a1 c9 _. q% x2 w
1997 $22 $188 0.3% Expansion; P' \2 Y ?6 m" Q$ l7 y
1998 ($69) $113 (0.8%) LTCM crisis, recession
, Q) J4 @4 ~3 i1999 ($126) $130 (1.3%) Glass-Steagall repealed
9 I' p; p% [, t' z# } X F2000 ($236) $18 (2.3%) Surplus
4 w* d8 F/ f# M9 j7 `2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA7 Z3 L2 |7 o, Y& ]2 P7 X
2002 $158 $421 1.4% War on Terror
& O0 a ]: q+ N4 X( o. c0 \0 F8 @- b2003 $378 $555 3.3% JGTRRA
5 K# Q0 T; y7 f5 ^4 g2004 $413 $596 3.4% Iraq War
$ |6 D: y N( K6 O2 c. w2005 $318 $554 2.4% Katrina, Bankruptcy Act
+ F2 \3 e6 I# D7 B5 x G2006 $248 $578 1.8% Bernanke chairs Fed) U6 G$ z4 g" M3 q+ l4 c2 T
2007 $161 $501 1.1% Bank crisis
+ P' [2 a( p9 w) \6 D$ ~2 x" \- h7 [2008 $459 $1,017 3.1% Bank bailout, QE
0 C( k. g$ E8 O& l1 Q$ C H1 W1 J2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
0 o7 v8 y4 l$ \+ U2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
7 F6 }$ `" y8 s, Y* f' q) z2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue+ _' r" U4 q7 h: T/ d
2012 $1,087 $1,276 6.7% Fiscal cliff) l+ d2 J, x" l
2013 $679 $672 4.0% Sequester, government shutdown
) i, t' _- \( t$ Z2014 $485 $1,086 2.7% Debt ceiling
8 O! R2 _: ^! t# O5 P& _2 `2015 $438 $327 2.4% Defense = $736.4B5 j b# |; @4 X; k# s+ G- r
2016 $585 $1,423 3.1% Defense = $767.6B2 V# M& k2 w# c% B$ b
2017 $665 $672 3.4% Defense = $817.9B+ L0 x. c6 J6 n8 M" e( ^2 a
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts& o& t" A& u/ S( w" s
2019 $1,091 $1,314 NA Defense = $956.5B0 `* X w0 d! o8 y9 y5 p9 e
2020 $1,101 $1,281 NA Defense = $989B
" _5 @! ?' m. e# G0 ~- \2021 $1,068 $1,276 NA NA& m" Z& j% u$ N' d
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