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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. 6 [, P0 q) \5 ^
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2020财年美国预算赤字预计为1.1万亿美元. x/ W7 Z T- x5 P5 k3 u
+ W8 D( |' `- o) o7 f3 } {3 R# UThe 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.' l# T) l% d+ _! R( G4 u, o, U
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( K& A6 Q& G0 b
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Fiscal Year Deficit (in billions) Debt Deficit/GDP Events- Z' @8 [0 _+ c' a4 ]
1929 ($1) ($1) (0.7%) Market crash' B4 H: N U+ X8 P
1930 ($1) ($1) (0.8%) Smoot-Hawley
, N1 E& @- C7 q- A/ o8 K1931 $0 $1 0.6% Dust Bowl
: \7 O' @/ U4 S: T) ?" h! J* S. r3 h1932 $3 $3 4.5% Hoover tax hike
+ H* |( d& j9 Z( x$ q' u1933 $3 $3 4.5% FDR New Deal b5 c& `* V2 d" M1 j; C
1934 $4 $5 5.4% GDP up 10.8%, debt also rose2 _9 R6 P6 k' o6 K8 H
1935 $3 $2 3.8% Social Security3 U- r1 ^$ [2 B8 ?, T' w, G P
1936 $4 $5 5.1% Tax hikes
# @( f9 W& j' @% `* x* j1937 $2 $3 2.4% Depression returned, third New Deal) y0 g& L& v$ A7 G
1938 $0 $1 0.1% Dust Bowl ended7 q3 ~4 C2 O$ U; Y1 I7 n* o5 g% w P: ^
1939 $3 $3 3.0% Depression ended
, c* X9 M/ q0 h1940 $3 $3 2.8% Defense increased0 }) i# I. J: m( p
1941 $5 $6 3.8% Pearl Harbor
W+ t9 }$ z, @) R( g! e* w1942 $21 $23 12.3% Battle of Midway9 U% ?$ t! U* h2 _7 X' o
1943 $55 $64 26.9% Defense tripled
9 j, e' `2 {$ T. [" D( l1944 $48 $64 21.2% Bretton Woods
$ w& P2 g8 e8 u$ j8 S1945 $48 $58 20.0% WWII ended
! @- N/ b" j; o9 i* }5 y) U1946 $16 $11 7.0% Recession. \) K0 ^. z9 g/ |& Q: ^
1947 ($4) ($11) (1.6%) Cold War
' ?/ U7 |3 _$ }% {4 O9 s( w. U: O y1948 ($12) ($6) (4.2%) Recession
$ U4 J$ b2 w5 _' n! g5 g/ c1949 ($1) $0 (0.2%) Recession" a% L+ Y3 g+ ?8 ]: H7 z3 |' i7 U8 \
1950 $3 $5 1.0% Korean War
7 {( J5 f$ @, V [ Y0 C( ^1951 ($6) ($2) (1.7%) Expansion" [2 F: Z$ U5 G4 V/ C
1952 $2 $4 0.4% Expansion6 q ^1 k9 S) j0 ^! ]1 P
1953 $6 $7 1.7% Korean War ended, recession7 w, m& [, T. ^* m$ h
1954 $1 $5 0.3% Recession, Eisenhower budgets
# h8 E% K/ B) \; e, j1955 $3 $3 0.7% Expansion u) q% W, H8 i
1956 ($4) ($2) (0.9%) Expansion
8 v0 y* ?6 ^1 S/ ?. B& w1957 ($3) ($2) (0.7%) Recession
# T8 k r9 p- L! q, P, w& r. A1958 $3 $6 0.6% Recession ended1 I+ o: r- c1 n! I: O- u
1959 $13 $8 2.4% Fed raised rates
6 J$ D# }0 ]4 y$ }2 H; P( h1960 $0 $2 (0.1%) Recession) G. H5 P' F# d1 }* J' W
1961 $3 $3 0.6% JFK & Bay of Pigs
1 w% T6 r: z& w# K1 J1962 $7 $10 1.2% Cuban Missile Crisis9 {5 r L4 a) e: V3 J
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
; E/ d0 H! x2 y0 c1964 $6 $6 0.9% LBJ War on Poverty9 k& L; y, ^/ R( A, h& |
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War0 E1 [. R2 R9 v9 D+ M1 [7 g1 s
1966 $4 $3 0.5% 7 F* }! U7 s8 P
1967 $9 $6 1.0% Expansion
6 R$ d H# J. C1968 $25 $21 2.6% Moon landing5 M8 P. p( e4 T5 a/ V% l! E, |
1969 ($3) $6 (0.3%) Nixon took office
$ l7 ?% ?2 j' g1970 $3 $17 0.3% Recession
0 ~, v J6 l4 Y& ^1971 $23 $27 2.0% Wage-price controls9 ^3 } e$ @$ e( Y% I/ R
1972 $23 $29 1.8% Stagflation# x& s3 I& C" O
1973 $15 $31 1.0% End of gold standard0 s: r" a$ ]5 @! t3 o9 O
1974 $6 $17 0.4% Budget process created, Watergate. t5 Y% f- U4 z `
1975 $53 $58 3.1% Ford budget, Vietnam War ended
I$ t7 _6 i8 C6 w1976 $74 $87 3.9% Stagflation: L3 Q: w* D z) \6 `
1977 $54 $78 2.5% Stagflation
% h d9 H$ I4 H B) s1978 $59 $73 2.5% Carter budget, Recession
2 p8 m5 h5 }: y, _3 y% N% s1979 $41 $55 1.5% Recession
+ W2 k0 q1 Z2 p0 E* B- F1980 $74 $81 2.6% Volcker raised rates to 20%. z5 B; _0 l0 `$ ]$ X/ v3 V4 m9 {
1981 $79 $90 2.4% Reagan tax cut
+ z9 Q6 S1 {" V, F3 d. D3 W1982 $128 $144 3.8% Reagan increased spending
! p4 x" S2 W) v6 H8 n# I1983 $208 $235 5.6% Jobless rate was 10.8%* y, d3 C- Q4 e! X% R/ d" l
1984 $185 $195 4.5% Increased defense spending
) k* ]7 M2 W* ]1 s& X7 n1985 $212 $256 4.8% Increased defense spending
+ ]: r! j+ n1 f1986 $221 $297 4.8% Tax cut
1 L- C8 {; Y8 A) N0 u1987 $150 $225 3.1% Market crash
2 _' X! {+ `. c* z3 B. ^1988 $155 $252 2.9% Fed raised rates; Y! T* z5 P4 Y) O% _/ I
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget% V5 d {$ k, x' e. O
1990 $221 $376 3.7% Desert Storm# Q2 W" ?3 M( l6 }$ ]
1991 $269 $432 4.3% Recession6 w) R* D1 {" E: S
1992 $290 $399 4.4% Expansion
8 ?, l& T4 ?2 u; @9 H: f$ |" v1993 $255 $347 3.7% Clinton signed Budget Act& {+ p `6 j X2 t! y$ P' b' |
1994 $203 $281 2.8% Clinton budget
" n5 h, b ~2 g7 |1 q7 N) ~1995 $164 $281 2.1% Expansion8 }& A' k) |% K4 N$ g( s
1996 $107 $251 1.3% Welfare reform
0 C* J( ?- L) c9 k: |! F- W' |1997 $22 $188 0.3% Expansion
# {$ C2 {' G* B& ]$ B: Q. Q1998 ($69) $113 (0.8%) LTCM crisis, recession+ Y/ k. s! Z1 L! b6 A- c! Q! p
1999 ($126) $130 (1.3%) Glass-Steagall repealed
* N J: K" t) s# R( w2000 ($236) $18 (2.3%) Surplus- k) h# t+ r4 g/ x, h
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
* B9 \8 h! ]" R7 S% o: n7 {+ M1 B2002 $158 $421 1.4% War on Terror q% B- {6 S- a0 W9 w, P6 \
2003 $378 $555 3.3% JGTRRA8 q! D! |, \# g+ F1 R
2004 $413 $596 3.4% Iraq War4 W% X1 l0 o5 Z0 ^& B5 N3 d
2005 $318 $554 2.4% Katrina, Bankruptcy Act: I! w9 a$ @8 A: ~/ m s
2006 $248 $578 1.8% Bernanke chairs Fed
* _+ `6 P0 s/ c# |' R% Z2007 $161 $501 1.1% Bank crisis
& F9 l8 `1 ]5 B. ]4 D2 y$ B. Z2008 $459 $1,017 3.1% Bank bailout, QE
) t0 I6 |' ~2 w7 R9 N9 }% ^; [2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
. I! `4 C1 l( x9 ~- n2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
' y( q8 a, y, f5 w" M8 t7 p0 U7 M0 k2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
# E x0 R+ Q; y0 V1 P0 D2012 $1,087 $1,276 6.7% Fiscal cliff1 [% P' B G1 f1 m/ \% g
2013 $679 $672 4.0% Sequester, government shutdown
; v3 h% p8 P8 U6 h8 V% _2014 $485 $1,086 2.7% Debt ceiling
$ a- Z) p! ~( ?8 g% X2015 $438 $327 2.4% Defense = $736.4B1 T3 |! `* ~% Q3 K0 N
2016 $585 $1,423 3.1% Defense = $767.6B
1 [- P: ^0 {0 i1 D* T9 ~2017 $665 $672 3.4% Defense = $817.9B
/ Z8 [6 p$ D# p( H* O" b- I. [2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts5 z0 `* t9 t* G( Q+ U$ R# b Z
2019 $1,091 $1,314 NA Defense = $956.5B
; z$ w8 i2 q! I2020 $1,101 $1,281 NA Defense = $989B
2 @! \9 l4 v+ T4 s" X$ m& s3 \2021 $1,068 $1,276 NA NA
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