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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元3 S- H: P N2 K" k6 u+ c
1 {+ L5 a# T4 J" }+ D1 {9 w$ nThe 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.
9 |& [3 Y, a0 @! G& N! `0 t 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
7 [" l% g" ~" `1929 ($1) ($1) (0.7%) Market crash* O; j$ d/ K1 {* i
1930 ($1) ($1) (0.8%) Smoot-Hawley
' p' u7 t+ o4 S, D, s6 N M1931 $0 $1 0.6% Dust Bowl
0 ]! _6 L* {. i9 r: z& g% \1932 $3 $3 4.5% Hoover tax hike
( j4 L, H+ C- Y# s1933 $3 $3 4.5% FDR New Deal
& T0 ^9 T3 ?- u7 {/ Z% X1934 $4 $5 5.4% GDP up 10.8%, debt also rose
( x9 c6 ]* s i1935 $3 $2 3.8% Social Security
! G' d6 Z* W: w1936 $4 $5 5.1% Tax hikes
. U" b! ]! n( m# z8 Z1937 $2 $3 2.4% Depression returned, third New Deal
5 ]- r1 A. C3 B* j" `) k# ~) n$ Q, U1938 $0 $1 0.1% Dust Bowl ended- e. e& G, k- J7 n
1939 $3 $3 3.0% Depression ended4 f9 w M# ^* b9 {0 v3 }8 k" g; A
1940 $3 $3 2.8% Defense increased
' l3 q' z' h# w: G4 F+ e1941 $5 $6 3.8% Pearl Harbor) j: l* S4 d5 q
1942 $21 $23 12.3% Battle of Midway( E. R- }' T' F; k1 E1 ~
1943 $55 $64 26.9% Defense tripled
! k; ^1 ], d+ o; M; O0 c1944 $48 $64 21.2% Bretton Woods
) c0 o, c+ z, m" R+ A1945 $48 $58 20.0% WWII ended, v9 w5 z/ t: a/ I) d& j
1946 $16 $11 7.0% Recession
4 t) _ e, `, y6 r1947 ($4) ($11) (1.6%) Cold War
& {/ I, w, |! @8 k& y5 r+ L1948 ($12) ($6) (4.2%) Recession8 j# m5 W0 l: `+ C: E c. q
1949 ($1) $0 (0.2%) Recession
! ]- ^, d$ E8 o) G' P, e1950 $3 $5 1.0% Korean War. m0 R, p! b3 u% s4 b' V; x6 m& N
1951 ($6) ($2) (1.7%) Expansion" @9 ?6 J& k/ f7 \
1952 $2 $4 0.4% Expansion, ^. C- J/ f* I' H$ Z7 j: S! ?4 Z
1953 $6 $7 1.7% Korean War ended, recession4 ~( I2 o9 \! R! ?+ ~
1954 $1 $5 0.3% Recession, Eisenhower budgets* l3 C U* `; {
1955 $3 $3 0.7% Expansion
/ U: Z. s- s; n6 A1 C/ V8 s: W1956 ($4) ($2) (0.9%) Expansion& N' ?6 f! B1 j8 ~3 j: L
1957 ($3) ($2) (0.7%) Recession2 I8 M1 i" a0 @! H. F3 {
1958 $3 $6 0.6% Recession ended* y. ~; n# V8 x. M. x0 [- A
1959 $13 $8 2.4% Fed raised rates: _" g9 r4 h+ n% K0 I h* B. X4 }0 a
1960 $0 $2 (0.1%) Recession6 M7 i7 J' B' E! q5 i( \
1961 $3 $3 0.6% JFK & Bay of Pigs
+ w- y7 s5 W9 ?' G4 s2 g1962 $7 $10 1.2% Cuban Missile Crisis% s. \- i' N/ ?1 e @; j
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
0 M' {* S/ |/ D+ N1964 $6 $6 0.9% LBJ War on Poverty/ F5 g( A0 Y4 u4 c
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
2 A* [+ w5 f4 g) \* O8 s$ A1966 $4 $3 0.5% " ]6 W# I7 p/ a, V
1967 $9 $6 1.0% Expansion
4 N/ l* m$ H% A1968 $25 $21 2.6% Moon landing
) s% b. H$ C5 R" ~' d! U9 U1969 ($3) $6 (0.3%) Nixon took office
; N0 u# P/ \- ]( L1970 $3 $17 0.3% Recession/ ]9 e' r6 L9 P
1971 $23 $27 2.0% Wage-price controls! r, v0 T& o5 v! P3 c- L
1972 $23 $29 1.8% Stagflation3 H$ L' F. ~( U8 p) j, h
1973 $15 $31 1.0% End of gold standard
; j, I! u6 K( I1974 $6 $17 0.4% Budget process created, Watergate
( }1 l0 C, e' n9 p1975 $53 $58 3.1% Ford budget, Vietnam War ended
4 [1 ^5 i ? L Z$ y1 D1976 $74 $87 3.9% Stagflation
( |- }0 E# ^( u" H, Z3 U$ u1977 $54 $78 2.5% Stagflation1 d" L# k6 } y. x( e; {
1978 $59 $73 2.5% Carter budget, Recession
: t( r( j& c9 b" G. \1979 $41 $55 1.5% Recession
% C/ ]5 w. O3 i* b1980 $74 $81 2.6% Volcker raised rates to 20% l$ A* j# n# {$ u* q! P I2 U& G
1981 $79 $90 2.4% Reagan tax cut, t! x( u5 C" z# K
1982 $128 $144 3.8% Reagan increased spending; S( d4 f, _9 `& @0 x+ t
1983 $208 $235 5.6% Jobless rate was 10.8%
- j1 S# d1 L5 ]8 _% E3 B: T% D1984 $185 $195 4.5% Increased defense spending
( V8 H: D+ Y* [$ ]9 b8 b3 t1985 $212 $256 4.8% Increased defense spending
- u" X7 |1 w- C& W9 Q2 G- M, W! C1986 $221 $297 4.8% Tax cut- S) l8 z4 N) R. L. W1 x7 y% E% y; J
1987 $150 $225 3.1% Market crash
2 w9 Q+ k; I. [+ w- o1 I; t+ n; C1988 $155 $252 2.9% Fed raised rates! O I6 L, g" @! `5 l( u' \* ^5 m
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
& P: ]) [2 _# H; F6 |; t4 o+ G6 K4 y8 E1990 $221 $376 3.7% Desert Storm- K) H; [0 [6 R/ \
1991 $269 $432 4.3% Recession
/ r7 T; [# \! \$ w3 C" p/ g1992 $290 $399 4.4% Expansion1 o4 L3 J" K: X3 }5 @
1993 $255 $347 3.7% Clinton signed Budget Act4 Q: j q- n- q' E& M6 R6 M
1994 $203 $281 2.8% Clinton budget
: L1 z5 |1 ?9 M z+ A/ [1995 $164 $281 2.1% Expansion
& @0 I8 A6 [8 W1996 $107 $251 1.3% Welfare reform3 H+ B( w& @ K: R$ E! @
1997 $22 $188 0.3% Expansion7 j1 W3 D$ I- S# v: N2 ?
1998 ($69) $113 (0.8%) LTCM crisis, recession
& s# {. E, v* t1999 ($126) $130 (1.3%) Glass-Steagall repealed
) p3 m- z7 k1 G. F9 l! i2 S$ J2000 ($236) $18 (2.3%) Surplus
" I* l% F {$ H/ t1 Q$ y2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
+ v0 T( W( l V) t* H$ t2002 $158 $421 1.4% War on Terror9 m% Q& L; J) e% v+ p% q0 G
2003 $378 $555 3.3% JGTRRA5 k/ H, p; A) O; j d& R
2004 $413 $596 3.4% Iraq War
; G! w7 r. ^, {! s9 V5 |2005 $318 $554 2.4% Katrina, Bankruptcy Act; C, B( N' t6 B# |* v) j' I
2006 $248 $578 1.8% Bernanke chairs Fed
: m7 D1 s" \; u: ]2007 $161 $501 1.1% Bank crisis
' m2 R7 f- u) E$ ?+ ]8 n+ m2008 $459 $1,017 3.1% Bank bailout, QE- `2 C! i1 \& L. f8 i, K
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
! a* V+ k' d8 J2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
, c* {) r- f+ w' R2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
& f2 z1 U7 _6 l" q4 I t- }( \2012 $1,087 $1,276 6.7% Fiscal cliff$ H6 _* @& [- G" {
2013 $679 $672 4.0% Sequester, government shutdown
6 y4 ?( y- [8 ]% v2 f2014 $485 $1,086 2.7% Debt ceiling
. j s/ l# J/ } w. ^2015 $438 $327 2.4% Defense = $736.4B
! g" H+ Z C" z! z+ @2016 $585 $1,423 3.1% Defense = $767.6B) I; x# C4 L# a1 n2 q; W
2017 $665 $672 3.4% Defense = $817.9B% m; e- F! {+ a" m0 Y& E
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts9 R0 t% k. O# F: b9 p( n8 o! S
2019 $1,091 $1,314 NA Defense = $956.5B2 l% ~, c7 Q1 p0 F/ p
2020 $1,101 $1,281 NA Defense = $989B0 b( w2 g, w. W z$ Z9 X
2021 $1,068 $1,276 NA NA
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