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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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0 |" M% G& S$ G2 r ^: y1 w3 z: ?2020财年美国预算赤字预计为1.1万亿美元
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+ i8 L) @. ]3 U, W' V: s. fThe 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.2 X8 y; Z' `' W% {
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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- N- o2 D: j4 O: PFiscal Year Deficit (in billions) Debt Deficit/GDP Events
7 Z8 K+ @! D0 l; K9 T1929 ($1) ($1) (0.7%) Market crash1 a3 ]" I5 M; }4 l/ O
1930 ($1) ($1) (0.8%) Smoot-Hawley
) Q+ K: l; q! |1931 $0 $1 0.6% Dust Bowl: u7 j/ Z, q9 k. ?+ m0 w
1932 $3 $3 4.5% Hoover tax hike" {3 p% Q; U8 f2 r
1933 $3 $3 4.5% FDR New Deal
: e0 O7 z$ r1 j$ t9 p$ T: }1934 $4 $5 5.4% GDP up 10.8%, debt also rose* F5 q8 h3 K4 l( g4 E% J& E
1935 $3 $2 3.8% Social Security; N' x2 r9 o( {4 G, z; e6 ?3 @
1936 $4 $5 5.1% Tax hikes
% B* l1 @" p4 X& N5 ?1937 $2 $3 2.4% Depression returned, third New Deal1 G" y, _" {6 N1 @5 v6 w6 w6 J4 k
1938 $0 $1 0.1% Dust Bowl ended
! K7 n+ L2 R" _( U* q3 n0 m# y1939 $3 $3 3.0% Depression ended
% ?) N+ v# }2 O: z5 g0 N1940 $3 $3 2.8% Defense increased
+ @) g' D# ~. H1941 $5 $6 3.8% Pearl Harbor% ?5 ^+ H. i6 V; r/ V$ f6 M) U
1942 $21 $23 12.3% Battle of Midway
0 N _/ f' n" _: O- ^0 \" z1943 $55 $64 26.9% Defense tripled( }' D8 o8 b6 W, S4 `$ b
1944 $48 $64 21.2% Bretton Woods; Q+ Q7 |/ H. s8 Y; J
1945 $48 $58 20.0% WWII ended
* c( ~( z+ b! |" H9 @2 ^1946 $16 $11 7.0% Recession
( W. H/ M" a; o) L0 F1947 ($4) ($11) (1.6%) Cold War' Q I0 V. x/ {) h& H0 N3 e
1948 ($12) ($6) (4.2%) Recession, e) m8 y7 S3 R9 D" {7 Z' f
1949 ($1) $0 (0.2%) Recession7 r! i$ \1 o% `/ V3 G) E1 V) J
1950 $3 $5 1.0% Korean War) f0 T& v- V, h( P, B# q+ Z% {
1951 ($6) ($2) (1.7%) Expansion
. M. ^( d$ {0 p6 C0 u Y/ V1952 $2 $4 0.4% Expansion! Z5 M9 o, {$ x
1953 $6 $7 1.7% Korean War ended, recession
# J" V4 }( u4 g, s% ?" e: w1954 $1 $5 0.3% Recession, Eisenhower budgets' m; e0 d4 h0 Z( A+ J9 c' S
1955 $3 $3 0.7% Expansion
; x, z& d1 w2 i: `1956 ($4) ($2) (0.9%) Expansion
+ x7 J2 r o' o, X4 ]/ p1957 ($3) ($2) (0.7%) Recession0 q h+ q4 j3 p5 @$ _
1958 $3 $6 0.6% Recession ended
+ V6 V, y$ y. n. K. z6 }1959 $13 $8 2.4% Fed raised rates6 ~% \7 I* k; L& l( M+ C
1960 $0 $2 (0.1%) Recession& ^$ a- \9 z8 `( ^* w7 _
1961 $3 $3 0.6% JFK & Bay of Pigs7 ^6 x$ v0 c7 o" _% N6 r; A2 h
1962 $7 $10 1.2% Cuban Missile Crisis- |% @' f8 t, X7 `1 g0 `& m( ^
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
. |6 y9 b% L+ Z0 d1964 $6 $6 0.9% LBJ War on Poverty8 ]; f8 p5 d r" x( O
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War, H* I; ^! N$ u0 O. r
1966 $4 $3 0.5%
9 y9 K& t: }( S1967 $9 $6 1.0% Expansion" Q7 g$ R9 b' t) ], [$ F5 p
1968 $25 $21 2.6% Moon landing. C2 b* U9 m: r; |. l# g. k# F* t
1969 ($3) $6 (0.3%) Nixon took office* w" p( N0 v3 v: g$ c# p
1970 $3 $17 0.3% Recession" \4 v- |4 T7 R5 a& g. W: K0 y# q( J1 ~
1971 $23 $27 2.0% Wage-price controls
6 @" G% b7 S b. p. d1972 $23 $29 1.8% Stagflation7 z6 i/ u: v7 I
1973 $15 $31 1.0% End of gold standard/ b9 l& }- e6 O' N0 T
1974 $6 $17 0.4% Budget process created, Watergate
! V6 K! D m# Y) S I0 q" d7 P0 g1975 $53 $58 3.1% Ford budget, Vietnam War ended0 O3 `. T0 i4 {* b
1976 $74 $87 3.9% Stagflation+ Z9 d0 O; G* G8 A3 D6 X+ o
1977 $54 $78 2.5% Stagflation
) u% t/ u1 W% x2 G1978 $59 $73 2.5% Carter budget, Recession# K: R6 R8 B4 B
1979 $41 $55 1.5% Recession E: Q# I& j7 Q* w$ o' W
1980 $74 $81 2.6% Volcker raised rates to 20%
K7 d0 S5 T2 l. h7 [3 W. ^1981 $79 $90 2.4% Reagan tax cut
/ E" b& i# i4 ^ Q, Z; T1982 $128 $144 3.8% Reagan increased spending+ \# g) D3 x4 B& W% m. a% s
1983 $208 $235 5.6% Jobless rate was 10.8%9 G3 m# D' ~) `; X
1984 $185 $195 4.5% Increased defense spending
+ E/ R, f4 e# e. J& ]1985 $212 $256 4.8% Increased defense spending
7 N6 T/ |7 c$ S" J: o" S8 {1986 $221 $297 4.8% Tax cut& x+ r8 ^9 ?0 \$ D" p! h
1987 $150 $225 3.1% Market crash
, C( M4 I! }( o: x! B1988 $155 $252 2.9% Fed raised rates
, V) z1 p& }9 t) N1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
5 |0 s! G1 L4 }1990 $221 $376 3.7% Desert Storm
: {/ J0 k4 r3 I, K1991 $269 $432 4.3% Recession& M0 }! @9 w3 L
1992 $290 $399 4.4% Expansion
% B3 l* L; X& p6 g) V* w: q1993 $255 $347 3.7% Clinton signed Budget Act, H$ Y0 C/ `8 E& v Q) l% b8 R# U0 _
1994 $203 $281 2.8% Clinton budget
2 q2 o! H9 @1 @3 \2 I' P1995 $164 $281 2.1% Expansion: ]7 a( {4 [3 j& a: D
1996 $107 $251 1.3% Welfare reform6 e. g$ T; t+ I+ N F* o
1997 $22 $188 0.3% Expansion
& p4 I" j# r2 b3 P) Y1 V) A0 g1998 ($69) $113 (0.8%) LTCM crisis, recession# J, W; T8 M" k* @/ a, A! X
1999 ($126) $130 (1.3%) Glass-Steagall repealed6 V& m# ^4 v4 m' w& _' G& f' e
2000 ($236) $18 (2.3%) Surplus
) _0 s3 v8 E+ }0 l. J5 S2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
8 p6 R+ I0 x& }7 V2002 $158 $421 1.4% War on Terror; ~; V! f) g) c3 S) O8 f
2003 $378 $555 3.3% JGTRRA
7 X5 h- ^( b( p2 f6 ^' W2004 $413 $596 3.4% Iraq War7 E& z: o5 p! T0 Y# j6 _: M
2005 $318 $554 2.4% Katrina, Bankruptcy Act
1 [% g5 t$ u8 W) o, S7 t9 @7 O2006 $248 $578 1.8% Bernanke chairs Fed
5 t" X0 o$ F4 k3 }3 s! e2007 $161 $501 1.1% Bank crisis
0 d9 k. h- W6 F4 B2008 $459 $1,017 3.1% Bank bailout, QE
; A9 U0 H4 ?; a7 N6 S% L4 Q2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
9 j$ o3 m3 k; i. O7 t2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles9 `1 M4 z5 P' @
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue6 y/ v% g" J; c' Q0 }6 u% c
2012 $1,087 $1,276 6.7% Fiscal cliff
. T; I: y$ c) g. w9 ]( z% s2013 $679 $672 4.0% Sequester, government shutdown
0 L& d ?. Y" g3 g2014 $485 $1,086 2.7% Debt ceiling& h- W+ k' e7 a* ?! x# P" Y
2015 $438 $327 2.4% Defense = $736.4B
! p! ` n, T2 j u8 }3 ]- n2016 $585 $1,423 3.1% Defense = $767.6B
! b* F' G" p! {2 O7 E& `7 D2017 $665 $672 3.4% Defense = $817.9B( E/ n' m$ r' ]6 r R7 h, L
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts1 Z# b/ k9 w: l& y+ Z; P
2019 $1,091 $1,314 NA Defense = $956.5B& v8 O4 L9 V6 w9 O
2020 $1,101 $1,281 NA Defense = $989B
1 b2 Z2 T5 f _1 U: I& t, x. @2021 $1,068 $1,276 NA NA7 g6 ?* _" k1 n& @( F3 F
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