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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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2020财年美国预算赤字预计为1.1万亿美元
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: \3 w+ ?* g. v0 }: PThe first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.
8 ]# M/ `: |7 A* ]) ~# c 第一列表示会计年度,其次是该年度的赤字(十亿)。其次是财政年度的债务增加,其次是赤字/ GDP。最后,列举了影响赤字的事件
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$ P1 ~1 k: o( ^* C+ m, n) V3 ]Fiscal Year Deficit (in billions) Debt Deficit/GDP Events
2 h1 f# |9 R! j, D. r7 k6 _2 | f1929 ($1) ($1) (0.7%) Market crash
" w. m* S/ O9 U( p. d8 s1 k/ f1930 ($1) ($1) (0.8%) Smoot-Hawley- b R5 u& f& M/ ?1 O, ^
1931 $0 $1 0.6% Dust Bowl* m- W! o3 F) ^. L
1932 $3 $3 4.5% Hoover tax hike
8 h$ o2 J5 k6 s5 V% d' M& Q1 D1933 $3 $3 4.5% FDR New Deal& S8 q+ h1 z5 N* T, u& P
1934 $4 $5 5.4% GDP up 10.8%, debt also rose2 K. e0 X0 y! X; @& m, f' B: F
1935 $3 $2 3.8% Social Security" R7 i7 ?8 |& T
1936 $4 $5 5.1% Tax hikes
5 B' U& ^3 ]: J( e# M1937 $2 $3 2.4% Depression returned, third New Deal4 R2 v( a* A1 |2 c+ c
1938 $0 $1 0.1% Dust Bowl ended" c% C* e5 e+ {2 s
1939 $3 $3 3.0% Depression ended
# k! b" T7 D! E+ ]8 d1940 $3 $3 2.8% Defense increased
4 Q+ S. N f3 D# V. @4 F( x [1941 $5 $6 3.8% Pearl Harbor9 d) k, Y8 L( F9 U0 G% ~
1942 $21 $23 12.3% Battle of Midway( N* U3 [/ S" n4 z/ ]0 w
1943 $55 $64 26.9% Defense tripled8 p! s ~* }& P2 p2 ]
1944 $48 $64 21.2% Bretton Woods
: l( S4 F( [% h: x" w% o$ r1945 $48 $58 20.0% WWII ended
}) F0 [# R5 C- @: |1946 $16 $11 7.0% Recession
7 ]" a. e: A/ g1947 ($4) ($11) (1.6%) Cold War
8 l4 Q+ e" A5 g0 ~, o7 }9 T1 ]1948 ($12) ($6) (4.2%) Recession I1 K0 R U( h7 c9 J! i
1949 ($1) $0 (0.2%) Recession |$ a* n- ]9 V, x' V0 e5 J
1950 $3 $5 1.0% Korean War/ F+ J( u' M- T8 d$ j s0 N! A
1951 ($6) ($2) (1.7%) Expansion
4 d) b A |9 E- M3 K1952 $2 $4 0.4% Expansion; {/ r( |1 D3 O5 x6 L
1953 $6 $7 1.7% Korean War ended, recession7 P0 ^* P9 r0 H M7 L. u
1954 $1 $5 0.3% Recession, Eisenhower budgets
e9 ~9 h, \& g# D1955 $3 $3 0.7% Expansion: `2 e: _9 z' E3 y! \1 K! C
1956 ($4) ($2) (0.9%) Expansion
" b. o$ L4 a+ s9 d5 ]1957 ($3) ($2) (0.7%) Recession
% ?+ s& l, `5 i" @9 H1958 $3 $6 0.6% Recession ended8 L9 z. D$ s9 S% ~; n0 Z- g+ W
1959 $13 $8 2.4% Fed raised rates
. E L; s5 R5 F: v1960 $0 $2 (0.1%) Recession H- N0 ]$ I" n, e$ f
1961 $3 $3 0.6% JFK & Bay of Pigs, U% I. U9 E4 Z4 _: y7 f
1962 $7 $10 1.2% Cuban Missile Crisis
" O3 U. [* x6 U* G3 Q2 f0 M: I+ f1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed! ^; C2 v$ u8 s
1964 $6 $6 0.9% LBJ War on Poverty
8 S( f8 ^, Q: J7 a1 o1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War1 X; S( {% y' [! D
1966 $4 $3 0.5% - X8 w. H; _7 Q( J; X( [/ b5 `7 t
1967 $9 $6 1.0% Expansion
+ r: a& S8 G K" I1968 $25 $21 2.6% Moon landing
7 u4 e4 P) i! ]2 {1969 ($3) $6 (0.3%) Nixon took office/ h* m4 S, j* d7 }& `: p
1970 $3 $17 0.3% Recession1 @. d; Y" t1 N: k3 G0 T
1971 $23 $27 2.0% Wage-price controls9 A* a' w; G- @ w) o- i7 `/ l
1972 $23 $29 1.8% Stagflation
- H, S* c' k" O& g- Y; U: |4 v/ A1973 $15 $31 1.0% End of gold standard# I1 o. }+ M, h" [
1974 $6 $17 0.4% Budget process created, Watergate" Z# }9 J) n( Y! W; m, y
1975 $53 $58 3.1% Ford budget, Vietnam War ended
/ y* K! y* }8 d7 }/ y( q( w6 n1976 $74 $87 3.9% Stagflation
3 l- c- Z- g+ T1977 $54 $78 2.5% Stagflation
4 m2 \* ?9 Q! V. K/ R5 t. O' y6 J: j6 C1978 $59 $73 2.5% Carter budget, Recession
/ f/ h5 L3 p% ?1979 $41 $55 1.5% Recession
7 D; c4 @9 e0 Y' p' i3 _1980 $74 $81 2.6% Volcker raised rates to 20%; @3 V& K, j3 ~- V. S
1981 $79 $90 2.4% Reagan tax cut( q: T$ \: r/ N0 Z3 B0 i i& D
1982 $128 $144 3.8% Reagan increased spending& w0 r( a- E* M1 ~6 f+ M; B* b
1983 $208 $235 5.6% Jobless rate was 10.8%
+ x# T5 E+ b( z: f ]* S3 D1984 $185 $195 4.5% Increased defense spending
/ Q9 p7 H. h* O2 d, I1985 $212 $256 4.8% Increased defense spending
s# C$ m. R6 q1986 $221 $297 4.8% Tax cut
3 E- v4 t9 B9 K4 I1987 $150 $225 3.1% Market crash9 g5 z1 G4 A, S+ G0 C
1988 $155 $252 2.9% Fed raised rates
2 x+ x1 Y' G& H* i9 d1989 $153 $255 2.7% S&L Crisis, Bush 41 budget
0 h9 b2 P! o" Q4 g' Y* u# o1990 $221 $376 3.7% Desert Storm2 _7 }6 r$ b, f6 j b) C
1991 $269 $432 4.3% Recession
+ j" B _$ r m1992 $290 $399 4.4% Expansion
' t- ~8 ?# {) U$ v6 Z y& e8 H1993 $255 $347 3.7% Clinton signed Budget Act
9 O( _# d! B! z; J1994 $203 $281 2.8% Clinton budget
7 d" U ]# i9 H1 W* ?( a* C1995 $164 $281 2.1% Expansion
% u$ A+ ]# Z' U* i1996 $107 $251 1.3% Welfare reform+ R0 X1 |" Q+ E6 {4 @% {( d
1997 $22 $188 0.3% Expansion
% c. ?& j/ R+ i; q0 F# X1998 ($69) $113 (0.8%) LTCM crisis, recession; I/ L! c. _! A7 |) r. W0 z6 L
1999 ($126) $130 (1.3%) Glass-Steagall repealed
' w" B! l+ S1 E6 d2000 ($236) $18 (2.3%) Surplus
: C5 K" g" R9 L6 v2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
4 Y6 ^! \4 P+ [; r5 G" G2 Z2002 $158 $421 1.4% War on Terror
) ^ E9 ~* ?4 `$ s# L: y2003 $378 $555 3.3% JGTRRA& [$ m3 q6 C% [! Z4 y/ ^2 q8 T
2004 $413 $596 3.4% Iraq War: d0 ~+ f/ A V! o! |! ]$ a* ?/ D, L
2005 $318 $554 2.4% Katrina, Bankruptcy Act6 x2 H9 w% m5 ?4 B7 h
2006 $248 $578 1.8% Bernanke chairs Fed4 e0 w. D8 I6 h- v& W3 n( g
2007 $161 $501 1.1% Bank crisis1 e4 A! Q3 l b
2008 $459 $1,017 3.1% Bank bailout, QE3 b2 ?) D& R/ z& c
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B7 j7 c7 d1 _/ o' _, b
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles$ @4 z# ]* C0 X9 g+ o& @' s
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue( v) |, X: a8 f8 r' \
2012 $1,087 $1,276 6.7% Fiscal cliff
5 l% ^4 Z3 G8 t8 ~% v& u0 c `1 O C- l2013 $679 $672 4.0% Sequester, government shutdown1 s( b1 N& h; ^$ W0 n
2014 $485 $1,086 2.7% Debt ceiling3 G8 r& w, R5 k! }% @2 p) m
2015 $438 $327 2.4% Defense = $736.4B5 V9 J* }* \0 e
2016 $585 $1,423 3.1% Defense = $767.6B6 z- `6 [0 O* M2 Y0 V2 s
2017 $665 $672 3.4% Defense = $817.9B! G! ^) Z1 `3 q- W' n" l( W% D4 y
2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts
6 K+ M1 v; @+ D9 A& P7 s: Z* B2019 $1,091 $1,314 NA Defense = $956.5B3 }2 d1 _/ h& \5 M4 c
2020 $1,101 $1,281 NA Defense = $989B5 a3 [3 Y x" H* J$ @. }0 A
2021 $1,068 $1,276 NA NA
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