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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
% M* n, `8 D; g: [4 s& g1 `9 i+ ]1 W# n" H. r( `9 X) D
2020财年美国预算赤字预计为1.1万亿美元% K/ i# D+ y0 R3 [% Q6 M
& K; A4 B5 H# B+ T; GThe 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.' f, y) `( ~' {% i: 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
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! k& S, z2 H1 l+ yFiscal Year Deficit (in billions) Debt Deficit/GDP Events
$ W7 G- |2 b. w2 G2 z9 J' z1929 ($1) ($1) (0.7%) Market crash
' g8 o3 i7 v7 J% e% s/ c1930 ($1) ($1) (0.8%) Smoot-Hawley
2 w7 h1 k8 p, h( H% p4 g% J2 B, r, M, B1931 $0 $1 0.6% Dust Bowl; I0 q( R+ }$ }5 _ Z# r
1932 $3 $3 4.5% Hoover tax hike6 e2 f3 t9 V: O# e2 T3 X
1933 $3 $3 4.5% FDR New Deal+ D- Y5 e' M" Q3 }# P/ d
1934 $4 $5 5.4% GDP up 10.8%, debt also rose# h$ e* N- p5 }( Y* X, \- N$ s
1935 $3 $2 3.8% Social Security
5 }' V2 O( w& H7 Y/ B6 x: `/ P1936 $4 $5 5.1% Tax hikes
% I& v/ ?" m0 @/ m2 {8 V% P' [1937 $2 $3 2.4% Depression returned, third New Deal
* J8 C0 b* B, D; L* P1938 $0 $1 0.1% Dust Bowl ended" @& l6 ^5 f8 ^/ k" P- q; h
1939 $3 $3 3.0% Depression ended* o1 N' h" t4 s3 ?1 m8 K5 X1 `
1940 $3 $3 2.8% Defense increased) }2 t+ z L' u a1 h+ G: N# [& T
1941 $5 $6 3.8% Pearl Harbor0 ]7 `' b C ^! O2 @
1942 $21 $23 12.3% Battle of Midway
$ o( T. m& b/ v& I1943 $55 $64 26.9% Defense tripled7 w- H0 X# b; L; b
1944 $48 $64 21.2% Bretton Woods0 U2 @* s; s8 S' L
1945 $48 $58 20.0% WWII ended
! ?0 W( C. Z+ v5 ?1 n$ _& P& e4 j1946 $16 $11 7.0% Recession3 P/ t8 o" |& ]# I+ ~! @# N) ^$ |; X
1947 ($4) ($11) (1.6%) Cold War# k7 A5 f* T6 N; L
1948 ($12) ($6) (4.2%) Recession0 g Q% x4 q, F' @: Z
1949 ($1) $0 (0.2%) Recession7 L6 y; y' _) T. v* A
1950 $3 $5 1.0% Korean War/ c7 z0 F' ?/ s, A% x$ p1 w
1951 ($6) ($2) (1.7%) Expansion
, p: v/ S* R3 g: v1952 $2 $4 0.4% Expansion
5 X& R" l3 K( j8 r1953 $6 $7 1.7% Korean War ended, recession
2 r; y: p0 o' O+ l: D1954 $1 $5 0.3% Recession, Eisenhower budgets& S! I$ c$ d6 i) p
1955 $3 $3 0.7% Expansion: T% `. m( J$ t& M4 o
1956 ($4) ($2) (0.9%) Expansion
* ?7 Z) w" @! x [8 k2 \! f* @ h1957 ($3) ($2) (0.7%) Recession
) i3 z9 |2 s, @- p1958 $3 $6 0.6% Recession ended
5 h# g( R4 q3 ?, a8 Z" O( ~* K1959 $13 $8 2.4% Fed raised rates7 f* P& U7 v9 h8 F
1960 $0 $2 (0.1%) Recession
( y9 Z- Y/ W3 z9 s; _3 F1961 $3 $3 0.6% JFK & Bay of Pigs$ X0 P; y: W: ^4 m; c+ N
1962 $7 $10 1.2% Cuban Missile Crisis, O9 P2 E9 ]. U9 M
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed6 m2 a' ^0 _" g6 A5 a! O" t
1964 $6 $6 0.9% LBJ War on Poverty
/ o* P% q* C7 w* R1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War5 K: W$ }2 ^, E @. f7 m
1966 $4 $3 0.5% 3 i* F! u2 z. \+ {7 Q; N
1967 $9 $6 1.0% Expansion
( \" v5 o4 c. X1 g2 o1968 $25 $21 2.6% Moon landing6 j& `8 ]3 Q: R' r N, ^1 a- [
1969 ($3) $6 (0.3%) Nixon took office8 x8 d- N4 W2 T
1970 $3 $17 0.3% Recession$ c3 ^" D# ]/ S3 `
1971 $23 $27 2.0% Wage-price controls8 G- O% x, p) @( Y
1972 $23 $29 1.8% Stagflation
/ _0 b/ @& z( ]* b, \8 V6 O1973 $15 $31 1.0% End of gold standard
5 T0 B" o3 D7 x8 J/ s1974 $6 $17 0.4% Budget process created, Watergate
$ p1 c4 n' M) `/ J8 r1975 $53 $58 3.1% Ford budget, Vietnam War ended
/ G3 C c X5 n; u6 T9 [0 u1976 $74 $87 3.9% Stagflation
{$ f3 m4 {2 R' K8 t2 Q1977 $54 $78 2.5% Stagflation
7 A/ e5 s! j& O- S9 V, C; ?1978 $59 $73 2.5% Carter budget, Recession. ^! {( @* ]" }# b, Z
1979 $41 $55 1.5% Recession
, I* }# q# A" l. Z b1980 $74 $81 2.6% Volcker raised rates to 20%
$ ?, o8 {- e% r! y7 B1981 $79 $90 2.4% Reagan tax cut3 v' k$ T; N* n. g6 C! w2 g
1982 $128 $144 3.8% Reagan increased spending
2 G8 H8 C! o, p3 F2 A6 J1983 $208 $235 5.6% Jobless rate was 10.8%
' X8 l O+ e4 }' y1984 $185 $195 4.5% Increased defense spending
6 r) O0 ~' F( _7 `& H \1985 $212 $256 4.8% Increased defense spending+ E" a1 w9 H6 }
1986 $221 $297 4.8% Tax cut+ i& _' C* C3 [ ^8 `9 c2 t0 x- R, d
1987 $150 $225 3.1% Market crash# r4 c5 `9 U" r) [- k
1988 $155 $252 2.9% Fed raised rates
& W) j4 }+ S# K7 V1989 $153 $255 2.7% S&L Crisis, Bush 41 budget; N$ m. j' ~* Y' { j9 i1 h" c% i
1990 $221 $376 3.7% Desert Storm2 W' f" c2 _3 H6 Q, ~8 v) z
1991 $269 $432 4.3% Recession
! \$ E+ D3 W1 [4 U+ M, k$ S) Q7 }1992 $290 $399 4.4% Expansion
- W. k5 y6 V2 z- W1993 $255 $347 3.7% Clinton signed Budget Act
6 K' ]* ?! Q0 z E1994 $203 $281 2.8% Clinton budget7 L$ a' n/ v* v& t8 Q& f
1995 $164 $281 2.1% Expansion! M5 t6 o5 g. @8 D% l
1996 $107 $251 1.3% Welfare reform
% u2 w9 e7 `0 i% N5 y- Z: P7 V1997 $22 $188 0.3% Expansion; C/ m, l0 c4 @5 e `, l- I
1998 ($69) $113 (0.8%) LTCM crisis, recession& p9 G) U5 f& I
1999 ($126) $130 (1.3%) Glass-Steagall repealed8 K0 {" e# ^) I8 |$ q
2000 ($236) $18 (2.3%) Surplus
" Z; H$ C1 g% S/ E4 V& u( s2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA' G& Q. l2 {+ `2 X- R0 ^+ l
2002 $158 $421 1.4% War on Terror, l9 g5 @: ]6 D; a* S
2003 $378 $555 3.3% JGTRRA
# ]2 B$ g. r- f* j" a2004 $413 $596 3.4% Iraq War
4 W$ d& H0 z8 t5 P$ }2005 $318 $554 2.4% Katrina, Bankruptcy Act" R* t f" E3 \) n) h" w8 a, m# t
2006 $248 $578 1.8% Bernanke chairs Fed
9 Z+ k2 Y) H" b2007 $161 $501 1.1% Bank crisis
5 Z( H2 E2 @ D: o6 D2008 $459 $1,017 3.1% Bank bailout, QE: N& n5 v/ h! i2 i; [# G& ~6 w
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
6 Z* Q6 ]/ h+ t1 @( ]+ t1 K2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
) J( R$ r4 g- a N3 U2 a2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
' ~' i5 q$ B6 x$ }- X. V2012 $1,087 $1,276 6.7% Fiscal cliff
7 k1 W# N# e; ?% ]2013 $679 $672 4.0% Sequester, government shutdown
_5 j( s; Q2 L6 r2014 $485 $1,086 2.7% Debt ceiling
+ N' Y2 A5 i3 L" |# g2015 $438 $327 2.4% Defense = $736.4B4 K9 e9 S) e1 \) U* d, E
2016 $585 $1,423 3.1% Defense = $767.6B
, T b a. w) C" g/ c2017 $665 $672 3.4% Defense = $817.9B
2 i+ s9 g; v. T [2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
% U |: J2 W9 I( L, z2019 $1,091 $1,314 NA Defense = $956.5B/ d) a# f9 @1 T3 Y' u0 I, K" @
2020 $1,101 $1,281 NA Defense = $989B
b+ m S& [( @6 P& x2021 $1,068 $1,276 NA NA/ N. V6 o6 s9 }+ _9 d X
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