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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. - A. |; S" t3 T) B7 _" {, H
& a( z' ?4 s' A- Q; f3 l2020财年美国预算赤字预计为1.1万亿美元4 M5 m1 Z1 v3 M. q
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The first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.. z- X0 S% r" b# u: I9 F
第一列表示会计年度,其次是该年度的赤字(十亿)。其次是财政年度的债务增加,其次是赤字/ GDP。最后,列举了影响赤字的事件
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: T, s" g# y$ c' h9 p& d1 ]! E8 ^% gFiscal Year Deficit (in billions) Debt Deficit/GDP Events
" y; b+ {1 ^( [8 q: X2 i) y1929 ($1) ($1) (0.7%) Market crash+ |: f7 ^+ a7 w2 e" G' q0 J$ x
1930 ($1) ($1) (0.8%) Smoot-Hawley
* _1 H0 Z! m+ R/ n4 d8 G& J; h. B3 U, L1931 $0 $1 0.6% Dust Bowl% N8 x& \5 F5 O
1932 $3 $3 4.5% Hoover tax hike
h7 [. }* H- [/ s/ b. ?6 l0 `1 u9 r1933 $3 $3 4.5% FDR New Deal
3 R# c! b8 A( D: X1 I2 ~0 F; z( u1934 $4 $5 5.4% GDP up 10.8%, debt also rose* Y- s D% q' r6 |
1935 $3 $2 3.8% Social Security
7 o. W0 P; v4 S1936 $4 $5 5.1% Tax hikes" E3 G7 @) v% k' i+ ]
1937 $2 $3 2.4% Depression returned, third New Deal9 G5 k4 I1 U2 h, u6 @. t
1938 $0 $1 0.1% Dust Bowl ended
- o- a! ~; {1 V' I7 [( K1939 $3 $3 3.0% Depression ended2 Y5 S4 e5 K! o4 Y6 x
1940 $3 $3 2.8% Defense increased
4 y O1 a# D$ L1941 $5 $6 3.8% Pearl Harbor
$ \8 p, e+ d2 F1942 $21 $23 12.3% Battle of Midway
( {1 T" J! b' `* S; B% f1943 $55 $64 26.9% Defense tripled
& V, Q+ B: R- b1 n1944 $48 $64 21.2% Bretton Woods' W' d5 k: q3 S N& }
1945 $48 $58 20.0% WWII ended
9 p* @7 X: ?+ I& ~. F N9 a9 {1946 $16 $11 7.0% Recession. m; J8 p6 S# Z) o% v' X I% \
1947 ($4) ($11) (1.6%) Cold War
2 G9 K! F' z6 m8 {0 c9 k1948 ($12) ($6) (4.2%) Recession$ z8 G: |/ q& p3 Z
1949 ($1) $0 (0.2%) Recession
. [5 }/ r4 U6 ^( ]# i6 S& E1950 $3 $5 1.0% Korean War% X% R5 M/ O9 m5 k- h
1951 ($6) ($2) (1.7%) Expansion
5 G& M8 c* I/ a" s1952 $2 $4 0.4% Expansion
3 S; q1 i% _0 e+ F: t$ k' l1953 $6 $7 1.7% Korean War ended, recession2 _1 C8 z. C; H) f3 v+ x) M- V8 g0 I
1954 $1 $5 0.3% Recession, Eisenhower budgets
6 P. L% n, ]' O: W( F$ a1955 $3 $3 0.7% Expansion
T' e( t) s' H$ }; m, r1956 ($4) ($2) (0.9%) Expansion
& S$ e3 L7 z3 y* z7 D) L1957 ($3) ($2) (0.7%) Recession0 J" ` t6 q* @9 H1 V
1958 $3 $6 0.6% Recession ended7 [. R$ d! M+ W6 Z% E8 O+ r
1959 $13 $8 2.4% Fed raised rates5 J1 ^( J, C# `9 N+ e# C1 c: Z
1960 $0 $2 (0.1%) Recession* q$ [! C2 n# v4 V
1961 $3 $3 0.6% JFK & Bay of Pigs
; g; C5 |# x _% |+ K; C/ ^1962 $7 $10 1.2% Cuban Missile Crisis$ v# z( R" J, k4 s2 w' r% ~
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed+ \; v7 h% G) |; p
1964 $6 $6 0.9% LBJ War on Poverty
# k) i& F1 e1 N8 p1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War3 \, Z: ^& X- X; P
1966 $4 $3 0.5% ' {" O( z8 p, K" F5 C9 G: z! q
1967 $9 $6 1.0% Expansion0 w s. A# ^" T3 d) {; m# `( L
1968 $25 $21 2.6% Moon landing
/ [: h7 Q4 |6 P6 R: G0 F) x$ o6 ~1969 ($3) $6 (0.3%) Nixon took office% Z0 Y: B( l- w' n
1970 $3 $17 0.3% Recession
0 @' ^' l# x( \- i* C1971 $23 $27 2.0% Wage-price controls
. A4 q* ~, v I/ a3 J1972 $23 $29 1.8% Stagflation3 a: t4 {% R* p* \0 U2 e+ G
1973 $15 $31 1.0% End of gold standard: w9 s$ A& g5 @
1974 $6 $17 0.4% Budget process created, Watergate2 D( W3 ~1 a# L( w/ v
1975 $53 $58 3.1% Ford budget, Vietnam War ended
: S. X. S& q$ V [, h4 x1976 $74 $87 3.9% Stagflation2 g' e1 M) V. B& E( O, x
1977 $54 $78 2.5% Stagflation
8 X* a. T& ~, {* T1978 $59 $73 2.5% Carter budget, Recession
9 v# u; a; k8 W1979 $41 $55 1.5% Recession
1 a" d, Z: c4 g1 [7 I% f5 ?1980 $74 $81 2.6% Volcker raised rates to 20%7 C/ Y( _' p* z; [& \8 q5 e! R
1981 $79 $90 2.4% Reagan tax cut( W ~8 s: P4 V" u+ H. e) l# u
1982 $128 $144 3.8% Reagan increased spending1 A8 s [: b- w4 q# }0 M
1983 $208 $235 5.6% Jobless rate was 10.8%6 N1 y1 d: B4 W! h. [# U" P# y
1984 $185 $195 4.5% Increased defense spending" s. [, e( o I) |
1985 $212 $256 4.8% Increased defense spending
+ i) b9 ]. a! ^/ `6 v1986 $221 $297 4.8% Tax cut7 |" ]( u' {. ~0 E Z( P
1987 $150 $225 3.1% Market crash. [6 z8 P6 W* I/ F: M
1988 $155 $252 2.9% Fed raised rates5 h4 E+ C7 P' e% m
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget6 G/ W" M/ ?! |' ?4 C
1990 $221 $376 3.7% Desert Storm
/ x$ h) b$ n3 b5 E: O q1991 $269 $432 4.3% Recession$ ^: k) @: a9 v6 |: J8 |7 C
1992 $290 $399 4.4% Expansion
5 |2 t2 N4 t4 i; ]) b/ b1993 $255 $347 3.7% Clinton signed Budget Act$ h, O2 f+ V. L
1994 $203 $281 2.8% Clinton budget i3 s& ?- F) n* m# E, c( J
1995 $164 $281 2.1% Expansion
. @' m" T) H) X0 ?7 ~1996 $107 $251 1.3% Welfare reform4 U1 r. q9 M" K$ g
1997 $22 $188 0.3% Expansion$ I | ?' ]) Z) q8 f9 B( W& ?! B
1998 ($69) $113 (0.8%) LTCM crisis, recession+ M2 z) c6 n6 J' `6 _
1999 ($126) $130 (1.3%) Glass-Steagall repealed2 z1 R. x! R& r; N( o
2000 ($236) $18 (2.3%) Surplus8 H% \1 b5 L$ I, y& W' A
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
. O1 |+ t" M/ O5 |9 @" h9 D I2002 $158 $421 1.4% War on Terror1 M$ G1 o) K/ H: }9 G
2003 $378 $555 3.3% JGTRRA ^9 N- m0 B4 N9 ^8 p5 J) |- Q6 {" p
2004 $413 $596 3.4% Iraq War
. D* q! c8 h" x" ?$ r) c2005 $318 $554 2.4% Katrina, Bankruptcy Act& e* T9 o0 c' {
2006 $248 $578 1.8% Bernanke chairs Fed
8 t0 c- f# V6 j( q- O3 I2007 $161 $501 1.1% Bank crisis. m2 n. v8 l9 Y. @" ^
2008 $459 $1,017 3.1% Bank bailout, QE& Q4 {3 `+ L s0 O
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B9 D6 Q% D8 G7 w6 W" n2 Z$ X, O/ V
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
6 b* m+ g6 d) O& L3 Y8 t2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
: n' O0 G q0 V1 a4 L& `2012 $1,087 $1,276 6.7% Fiscal cliff
+ t2 [& W3 H7 j( ?# S9 s, p2013 $679 $672 4.0% Sequester, government shutdown$ D3 j% t6 d7 Q2 M' o# K& t, Y7 A$ Z# t
2014 $485 $1,086 2.7% Debt ceiling' O4 j' m a1 W' q. D: \
2015 $438 $327 2.4% Defense = $736.4B
0 E- J) r* Y- t9 n/ S" C2016 $585 $1,423 3.1% Defense = $767.6B
: D" D& d5 W7 \/ D O2017 $665 $672 3.4% Defense = $817.9B e. b9 _5 B; k: P% h# W' z
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts/ _ }6 b4 z! Z7 Z' f& N
2019 $1,091 $1,314 NA Defense = $956.5B R- Q6 j' h' C/ W6 m. p
2020 $1,101 $1,281 NA Defense = $989B
+ M; @1 }& X6 N4 W# i2021 $1,068 $1,276 NA NA
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