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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. b/ A/ M) o C* a6 C! d( d" @0 u: |
1 k, A$ y% V( D4 R* ?2020财年美国预算赤字预计为1.1万亿美元/ U, ?% k1 p; e: G1 z! {( n# C
6 d; s, e* t: T- U! a& M7 z) tThe 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.( K. u: p0 C# g! Y: m) Z8 F! o
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 _' z1 W; }8 ~) l0 O# D
1 a6 o$ a" w. PFiscal Year Deficit (in billions) Debt Deficit/GDP Events5 h& p( P- |/ P& I2 H
1929 ($1) ($1) (0.7%) Market crash
/ a. C) F" F0 f7 ]1930 ($1) ($1) (0.8%) Smoot-Hawley
3 ^* n4 t9 @( p, _! |5 B% q1931 $0 $1 0.6% Dust Bowl$ Y1 c- R2 M! l4 q* \, W( B n
1932 $3 $3 4.5% Hoover tax hike$ K* E! E! M; D4 e$ y3 R) L% ?
1933 $3 $3 4.5% FDR New Deal+ }/ s: o7 e) N
1934 $4 $5 5.4% GDP up 10.8%, debt also rose; L; r: P7 w! ]( e, ?+ A
1935 $3 $2 3.8% Social Security
, j1 B: O, T8 ?8 V3 M1936 $4 $5 5.1% Tax hikes/ @0 i8 K& E+ a8 B1 W D6 @ z6 H
1937 $2 $3 2.4% Depression returned, third New Deal+ j7 K+ V- l7 o! }1 Z9 }
1938 $0 $1 0.1% Dust Bowl ended" ]* d5 `1 z) W* f' M% e
1939 $3 $3 3.0% Depression ended$ d8 e* e0 z( R% b7 a" a9 @- @$ k
1940 $3 $3 2.8% Defense increased
3 t9 o. @/ `' H, E2 I! \5 E; f1941 $5 $6 3.8% Pearl Harbor
8 r5 W+ }! B. m4 [3 T1942 $21 $23 12.3% Battle of Midway
; _# Q7 {% q7 X$ s8 q1943 $55 $64 26.9% Defense tripled
. b1 K( N" U! Q( a7 ^5 l- [1944 $48 $64 21.2% Bretton Woods
2 T) q6 `5 C: {! Q4 z2 Z1945 $48 $58 20.0% WWII ended" w3 u" R; R7 Q
1946 $16 $11 7.0% Recession
+ P2 V7 ]4 U; ?+ B. l9 ]1947 ($4) ($11) (1.6%) Cold War1 y. f" t& V. H2 I& J
1948 ($12) ($6) (4.2%) Recession
8 l2 g |+ M, k) ^* f1949 ($1) $0 (0.2%) Recession
( a( N! G5 ]5 y- a9 m1950 $3 $5 1.0% Korean War4 _( P+ ]. c- P, v0 ] ^
1951 ($6) ($2) (1.7%) Expansion2 x! V2 T! Y' Z& j" R1 p" O) ~! E
1952 $2 $4 0.4% Expansion/ j& S* u7 p2 Z8 W6 h+ F3 n4 c
1953 $6 $7 1.7% Korean War ended, recession
- i$ o( ~+ k; i K+ J/ C1954 $1 $5 0.3% Recession, Eisenhower budgets
/ [( b {; h' }1 p1 D1955 $3 $3 0.7% Expansion' K4 l+ ~+ m/ C+ l3 e
1956 ($4) ($2) (0.9%) Expansion- l, X. p" Z) y& B
1957 ($3) ($2) (0.7%) Recession
& w9 l/ p! _+ T4 h$ L1958 $3 $6 0.6% Recession ended
7 l; N! }0 Z# i/ Q& y1959 $13 $8 2.4% Fed raised rates$ i; j& a2 m2 m. u" j! O2 g( X
1960 $0 $2 (0.1%) Recession; g% @2 a' x" g$ a0 ?
1961 $3 $3 0.6% JFK & Bay of Pigs' {6 \; w1 h% D( Q
1962 $7 $10 1.2% Cuban Missile Crisis! `! H2 r4 i/ m( Z
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
0 D6 h9 |: m; @9 s& R# F1964 $6 $6 0.9% LBJ War on Poverty0 z& u$ G' ?' g0 m$ A; ]
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
1 Y: q& D5 `7 v3 x, I, M/ z1966 $4 $3 0.5%
5 {% T2 J2 T2 W" u1967 $9 $6 1.0% Expansion
+ T. E& U2 J7 F, t: [* Q; M1968 $25 $21 2.6% Moon landing) M! L Z2 N/ q! P; ]4 k/ z, h
1969 ($3) $6 (0.3%) Nixon took office, Q! P/ ]8 E* n- l# m
1970 $3 $17 0.3% Recession
u0 }# @- l) {# ~: v/ i2 [1971 $23 $27 2.0% Wage-price controls
9 K7 l- V3 Z3 T8 j( R2 ^1972 $23 $29 1.8% Stagflation7 y0 m/ \ h2 `. ?! e
1973 $15 $31 1.0% End of gold standard
9 _; l; A3 k# ]% q/ m0 X6 h1974 $6 $17 0.4% Budget process created, Watergate
) h" E; w. c5 I- T u' Q5 y: H1975 $53 $58 3.1% Ford budget, Vietnam War ended
* ~: K3 F* l" F/ h1976 $74 $87 3.9% Stagflation. g% \5 a- |# }
1977 $54 $78 2.5% Stagflation
* @) m* s& p- Z( @1 Y9 h1978 $59 $73 2.5% Carter budget, Recession
) o8 j% b; M6 I a1979 $41 $55 1.5% Recession4 W( b/ F' r- `
1980 $74 $81 2.6% Volcker raised rates to 20%
3 U8 g7 t9 f6 Q) i& q4 ^* S1981 $79 $90 2.4% Reagan tax cut& E9 c! H2 r4 U- Z8 B* D6 l4 g
1982 $128 $144 3.8% Reagan increased spending
4 n; l, W! v) K+ n7 c7 }- H1983 $208 $235 5.6% Jobless rate was 10.8%) A* _8 G, J3 c( ^! m, h7 A
1984 $185 $195 4.5% Increased defense spending; r& T# W$ b. |7 o% s
1985 $212 $256 4.8% Increased defense spending) t; d0 r5 v7 i5 S6 u! ~- c- L
1986 $221 $297 4.8% Tax cut
' J! K' \% y8 ]. x# g4 e1987 $150 $225 3.1% Market crash
9 @: p4 ]( p9 c# [0 t1988 $155 $252 2.9% Fed raised rates
2 |! U- ~! t) F3 x1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
9 N& z1 o1 i) w2 X# ~3 x5 c1990 $221 $376 3.7% Desert Storm
; S4 }) c7 |; _9 A" h1 C1991 $269 $432 4.3% Recession0 ~5 z$ o8 W$ I) V, X
1992 $290 $399 4.4% Expansion
8 e; l9 f9 R$ X4 _0 N1 w5 G* ~6 ~1993 $255 $347 3.7% Clinton signed Budget Act
1 V% m) B0 a* g8 M1994 $203 $281 2.8% Clinton budget
, X5 |. c) s H9 U1995 $164 $281 2.1% Expansion
4 ]- f: \6 O, }$ r1 A1996 $107 $251 1.3% Welfare reform
' T. u" c/ t+ {% K% v1997 $22 $188 0.3% Expansion, k( |2 ]+ K) \3 p q8 ?8 v. {
1998 ($69) $113 (0.8%) LTCM crisis, recession
( N" p1 w" `5 g" e( u+ B1999 ($126) $130 (1.3%) Glass-Steagall repealed
% X$ H2 d$ y3 J( w6 J, r0 l* H2 n# f2000 ($236) $18 (2.3%) Surplus* f7 A7 }& d- m1 @- n
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
: V( |# c" N. [# D. q/ U/ V3 Z/ R2002 $158 $421 1.4% War on Terror
7 J% b( }9 W, d. k2003 $378 $555 3.3% JGTRRA; M I2 Y$ I& N0 ?' n/ W; [. ~
2004 $413 $596 3.4% Iraq War: q! @8 V; `1 a! y0 X& B
2005 $318 $554 2.4% Katrina, Bankruptcy Act. A; s; J& C7 l' O r2 v& O7 |
2006 $248 $578 1.8% Bernanke chairs Fed: c2 G' c" Z7 }
2007 $161 $501 1.1% Bank crisis! M( g# L# {; u5 N1 Q3 O
2008 $459 $1,017 3.1% Bank bailout, QE) F" @$ R& o) h5 m3 M! k: d3 I
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
+ S ~/ Z& |+ w- v, f# G, T! z: u8 O3 p- {2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles+ U8 X- N4 e6 `2 ?; k/ v& I
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue4 r% `' \+ ^0 T# ~. ^4 ^- \$ h
2012 $1,087 $1,276 6.7% Fiscal cliff+ [1 v0 x, l3 O! W, R# \0 k! n
2013 $679 $672 4.0% Sequester, government shutdown
0 [0 p. R3 j$ M7 @$ z7 m5 ~2014 $485 $1,086 2.7% Debt ceiling
$ P- k% x8 G% g: E% s1 K$ n C2015 $438 $327 2.4% Defense = $736.4B$ g# o; U* T3 {$ X ]
2016 $585 $1,423 3.1% Defense = $767.6B# A& s; {6 y% c1 i, h
2017 $665 $672 3.4% Defense = $817.9B
; ]9 H- d) |8 c6 W2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
: E& o: e* [5 v, ?* j6 Z. U4 @2019 $1,091 $1,314 NA Defense = $956.5B, z: j9 B% I% j2 {+ W# }
2020 $1,101 $1,281 NA Defense = $989B) k. F c0 I3 W; j
2021 $1,068 $1,276 NA NA, X. Q' k& a8 a; j
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