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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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( B! P; R& d4 \0 [5 w+ H' f2020财年美国预算赤字预计为1.1万亿美元
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2 o% x7 B3 ]( }9 w0 J$ j$ CThe 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.# H. {. K( X' a% t6 h
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% U4 Q, F* X' l- b0 Z
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
- q4 f8 z5 h1 m: C/ ]1929 ($1) ($1) (0.7%) Market crash
. Z; Q; E" g+ T9 l1930 ($1) ($1) (0.8%) Smoot-Hawley9 K2 Q4 O- r- W$ t1 y& S: b. [
1931 $0 $1 0.6% Dust Bowl5 L. z0 e* b/ S: t/ f5 Z9 }
1932 $3 $3 4.5% Hoover tax hike
! n9 p. P9 a R+ Z M5 b1933 $3 $3 4.5% FDR New Deal. B a1 m A. ?/ I7 ~% I1 t$ s
1934 $4 $5 5.4% GDP up 10.8%, debt also rose
4 a- I, Q0 N+ o8 h; i. M" k1935 $3 $2 3.8% Social Security
% }; c/ b" h% F1936 $4 $5 5.1% Tax hikes% Z; [3 i/ c% d0 \$ K/ P
1937 $2 $3 2.4% Depression returned, third New Deal* D8 r1 l% \5 D6 o% D' Y6 D
1938 $0 $1 0.1% Dust Bowl ended
/ R7 ?5 C# t1 w' I: r: D1 q0 R1939 $3 $3 3.0% Depression ended% Y9 ~# |1 n. z7 k0 D$ U% W
1940 $3 $3 2.8% Defense increased
7 _& y3 Q; m; I4 o D1941 $5 $6 3.8% Pearl Harbor
7 ]2 ]! z( F( `# Z1942 $21 $23 12.3% Battle of Midway7 G$ H+ `4 i m' F: }
1943 $55 $64 26.9% Defense tripled/ |+ }- }. L" i( P4 u
1944 $48 $64 21.2% Bretton Woods
4 V. A* S3 A3 l; G ~1945 $48 $58 20.0% WWII ended
7 Q6 A( ~7 I3 u. }3 C B$ S1946 $16 $11 7.0% Recession
' `/ B$ v& m' v# i1947 ($4) ($11) (1.6%) Cold War5 _8 o; \ V9 r( l( y' O1 Y+ |
1948 ($12) ($6) (4.2%) Recession
/ L* G/ w y, q* Q( b# o6 m1949 ($1) $0 (0.2%) Recession
, f. r( X/ H; ]3 Q1950 $3 $5 1.0% Korean War
. k( r* b; A* `/ j N: Y* e1951 ($6) ($2) (1.7%) Expansion& U7 a3 K, W6 M/ f# I/ K. A3 i
1952 $2 $4 0.4% Expansion
( u7 y8 y3 T. A% T" q1953 $6 $7 1.7% Korean War ended, recession
9 ^% ^1 ~) K1 _( |# M! l1954 $1 $5 0.3% Recession, Eisenhower budgets
- V& _5 j+ G$ Z+ S$ R7 ^1955 $3 $3 0.7% Expansion
' C/ ^- X' S/ s5 c* B4 `1956 ($4) ($2) (0.9%) Expansion
5 \7 N. R% R/ d7 n* C0 X4 B1957 ($3) ($2) (0.7%) Recession
9 I: E. \8 e& g# @9 @' [1958 $3 $6 0.6% Recession ended% w/ G1 L& r Y) q$ R: {
1959 $13 $8 2.4% Fed raised rates8 \( w9 s w$ r7 i5 j
1960 $0 $2 (0.1%) Recession2 _! o& z8 c1 p6 f& v
1961 $3 $3 0.6% JFK & Bay of Pigs+ [, f3 _; r, u r2 A: `/ V
1962 $7 $10 1.2% Cuban Missile Crisis
" O0 }3 Y0 Z: z: \1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed$ v# I* _) }+ h D+ {0 N* L+ _; D
1964 $6 $6 0.9% LBJ War on Poverty
6 O; L$ e6 |) Y) O1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
( D" q+ j7 |( h5 I8 U6 H6 a3 ]4 ?1966 $4 $3 0.5% " D) e" v2 z5 x, v8 F9 X! w
1967 $9 $6 1.0% Expansion
/ W6 P( k1 q2 ?% \- X- m- u6 v' N3 Q1968 $25 $21 2.6% Moon landing2 c! S' S; k, u8 G8 x. C) @, a
1969 ($3) $6 (0.3%) Nixon took office- k* f ]5 U/ Q. Z% j$ z
1970 $3 $17 0.3% Recession/ {4 A7 y b6 J
1971 $23 $27 2.0% Wage-price controls
; u( i. ?; e/ n5 p: L1 U8 y1972 $23 $29 1.8% Stagflation
# a" H8 J b5 i* I1973 $15 $31 1.0% End of gold standard4 K* x, k( l& n" }( s
1974 $6 $17 0.4% Budget process created, Watergate+ |! g, w# W6 E5 @/ u
1975 $53 $58 3.1% Ford budget, Vietnam War ended
6 r' _+ |0 u9 x# B9 |1976 $74 $87 3.9% Stagflation
4 a' q- D" k* v- ?% i1977 $54 $78 2.5% Stagflation
1 w% A) e/ Z$ L( T1978 $59 $73 2.5% Carter budget, Recession
8 v5 J/ \, \' s: p1979 $41 $55 1.5% Recession
- B& I+ ]5 g; e: d1980 $74 $81 2.6% Volcker raised rates to 20%
6 H, ~9 e6 X5 ^6 }1981 $79 $90 2.4% Reagan tax cut6 @! N- v" m( l+ N
1982 $128 $144 3.8% Reagan increased spending
. E6 w* h& W3 {) }3 S7 \1983 $208 $235 5.6% Jobless rate was 10.8%# c; D5 t4 K" Z4 H
1984 $185 $195 4.5% Increased defense spending
# ^# n- k: r4 F+ W0 [! B1985 $212 $256 4.8% Increased defense spending
; q1 ]) r! P! }. \1986 $221 $297 4.8% Tax cut# \: e; a0 r; |+ c' Q8 y: S
1987 $150 $225 3.1% Market crash; ]+ S0 r8 K& ?" _$ J$ Y# j2 V
1988 $155 $252 2.9% Fed raised rates1 c8 H) Z" I8 z) e* g( e
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
- c/ e# [* a. }& a+ I1990 $221 $376 3.7% Desert Storm
5 S _0 m9 [9 E: g+ \7 W0 `; }! T1991 $269 $432 4.3% Recession. k4 X9 ^: A& W7 N! L
1992 $290 $399 4.4% Expansion* i. H ^/ h3 b$ R0 [/ r) H5 U
1993 $255 $347 3.7% Clinton signed Budget Act" Y' r: e+ W/ N* X: \( S- M% Z$ U
1994 $203 $281 2.8% Clinton budget
" C& v$ z: ?& i! o: @2 @" F9 {1995 $164 $281 2.1% Expansion
$ C, `4 F1 y$ Q) ?2 [1996 $107 $251 1.3% Welfare reform' k, r- z1 W7 s/ @
1997 $22 $188 0.3% Expansion5 E5 _5 i& _) |) D
1998 ($69) $113 (0.8%) LTCM crisis, recession [" c8 ^' H7 Z2 ]/ C' K: h
1999 ($126) $130 (1.3%) Glass-Steagall repealed
) V, {+ w( P# I, A$ G8 h8 W7 f7 r2000 ($236) $18 (2.3%) Surplus
# ?% K, b4 n3 n2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA; C) ^' H S, p3 ?" Y- a( d
2002 $158 $421 1.4% War on Terror
0 j ^$ ^2 o) _4 K; x2003 $378 $555 3.3% JGTRRA
- t4 m d5 e# g. x# s$ v2 s! G2004 $413 $596 3.4% Iraq War
J5 J- L4 l) z; a A2005 $318 $554 2.4% Katrina, Bankruptcy Act. B7 S, _* W2 n# U% T; I! T
2006 $248 $578 1.8% Bernanke chairs Fed, {0 J' h0 F) S4 G8 `
2007 $161 $501 1.1% Bank crisis5 f& d6 T; e7 ^( V* D! v# n+ l
2008 $459 $1,017 3.1% Bank bailout, QE0 E$ ^4 b- b @* c
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
5 I3 r! j$ h1 J6 f7 c2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles' S0 ]& s$ c+ x7 Y/ n2 w2 U
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue5 }: Q& [2 C g' E
2012 $1,087 $1,276 6.7% Fiscal cliff
( t' w- D% \5 ^, S. z2013 $679 $672 4.0% Sequester, government shutdown7 |" }+ ]/ O* @7 G
2014 $485 $1,086 2.7% Debt ceiling0 M0 Z! ^3 D5 l! v' K$ L4 h: N
2015 $438 $327 2.4% Defense = $736.4B! U( l" N/ [( Q; x3 p' |+ X5 h
2016 $585 $1,423 3.1% Defense = $767.6B7 I' R( F8 {. P2 f& \( X
2017 $665 $672 3.4% Defense = $817.9B- m A0 W; F5 k/ C/ @" D
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
2 I2 a7 ^8 |, W' |2019 $1,091 $1,314 NA Defense = $956.5B
. r* p7 M8 N/ N& G# i" u2020 $1,101 $1,281 NA Defense = $989B
( m3 s5 R$ }9 N; Q0 t+ L( {2021 $1,068 $1,276 NA NA
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