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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion. ! }% ]+ b7 ^4 m8 K4 _# d
% E" ]) [% t5 L& R" v8 ~2020财年美国预算赤字预计为1.1万亿美元
! R4 f8 }2 W& ?% W5 \* F. i2 J, p# X
The first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.) H1 g2 l. y7 a7 g, ]4 ~; U
第一列表示会计年度,其次是该年度的赤字(十亿)。其次是财政年度的债务增加,其次是赤字/ GDP。最后,列举了影响赤字的事件5 y/ }( q- X, L. M; w
/ F7 E2 R5 t, x* ?, L5 L$ pFiscal Year Deficit (in billions) Debt Deficit/GDP Events
{. u ^6 a8 ?5 h2 z' W/ l) D1929 ($1) ($1) (0.7%) Market crash
3 Q8 E; z# D7 T% z1930 ($1) ($1) (0.8%) Smoot-Hawley
% a& W! l c4 i& _* a1931 $0 $1 0.6% Dust Bowl4 f, Z# x9 A: p; _- l1 S) `7 i
1932 $3 $3 4.5% Hoover tax hike) c0 {- {$ ^9 C( O
1933 $3 $3 4.5% FDR New Deal
( {9 P% A |. ~- H1934 $4 $5 5.4% GDP up 10.8%, debt also rose9 c7 a6 V0 `/ F. k& |5 O. K
1935 $3 $2 3.8% Social Security
8 \3 Q8 w0 N9 @( J* A3 j9 d% q1936 $4 $5 5.1% Tax hikes; C6 K; H) H4 g! c! ~1 B6 a
1937 $2 $3 2.4% Depression returned, third New Deal1 \" b2 _. l( _5 i5 U3 n$ S
1938 $0 $1 0.1% Dust Bowl ended5 w% z) `5 ? } M
1939 $3 $3 3.0% Depression ended
' y* X2 @! Z6 N$ |1940 $3 $3 2.8% Defense increased6 W4 U: e& d( ?. E
1941 $5 $6 3.8% Pearl Harbor; x1 Q- P% I, N" p; z6 \- y$ C
1942 $21 $23 12.3% Battle of Midway
# a! o' \7 J5 [1 V+ Y1943 $55 $64 26.9% Defense tripled' a/ w$ a' Q' J
1944 $48 $64 21.2% Bretton Woods7 l: y! s# C" P5 q
1945 $48 $58 20.0% WWII ended, f. ?0 U3 |; t) t
1946 $16 $11 7.0% Recession
4 I; @. {: ~5 R8 a1 `+ |& o# O( G& M1947 ($4) ($11) (1.6%) Cold War" }& s. s( e, ?3 T @) h, u! h
1948 ($12) ($6) (4.2%) Recession4 `* F) D" i8 j9 ]) p
1949 ($1) $0 (0.2%) Recession5 H& v. x" p* _# p
1950 $3 $5 1.0% Korean War
3 d/ n, u, e1 ~& X- w- q. Z1 q1951 ($6) ($2) (1.7%) Expansion. K! {, Z8 z. c t }
1952 $2 $4 0.4% Expansion- m1 J/ ^- A# a, Q! ^$ c8 r
1953 $6 $7 1.7% Korean War ended, recession, W# f3 U+ v- ]& b% Z" c: x2 E- [
1954 $1 $5 0.3% Recession, Eisenhower budgets; a7 u6 @0 {( u/ M |" x$ r& r
1955 $3 $3 0.7% Expansion! t- o" D t# x# U7 H* y" T9 o1 N
1956 ($4) ($2) (0.9%) Expansion, S! F3 [" `! a8 h. j: L) f* g& `
1957 ($3) ($2) (0.7%) Recession `; g5 _0 ?$ K1 x
1958 $3 $6 0.6% Recession ended
. n! o; x. r5 P& _' t V1959 $13 $8 2.4% Fed raised rates" i3 v2 t Z# t# }
1960 $0 $2 (0.1%) Recession
) Q6 L; ^# Q9 g g L. \7 B1961 $3 $3 0.6% JFK & Bay of Pigs& \. e; P0 { D
1962 $7 $10 1.2% Cuban Missile Crisis; y, \ C% x5 m' @
1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed2 {9 |2 h# l4 k" ?% E
1964 $6 $6 0.9% LBJ War on Poverty! A* v: ?* F0 p. g2 K- n6 x: P' S" ~
1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War/ ~$ X% m5 y8 r! Z0 C3 T
1966 $4 $3 0.5% - o M" d3 r; s6 [4 B6 ?
1967 $9 $6 1.0% Expansion
6 H1 D& }% b0 j, Z1968 $25 $21 2.6% Moon landing& k m n" E9 {5 s/ {
1969 ($3) $6 (0.3%) Nixon took office
) X! t* \4 b5 V+ V. z1970 $3 $17 0.3% Recession
- w8 I8 ?4 l, d, Y3 r! V9 _1971 $23 $27 2.0% Wage-price controls
9 ^8 |2 `# W ^& E+ L1972 $23 $29 1.8% Stagflation
, }3 F4 ]; ?+ v$ S$ z3 f1973 $15 $31 1.0% End of gold standard8 Y8 S# h9 |$ x+ Z6 V9 |' H8 V T
1974 $6 $17 0.4% Budget process created, Watergate) Y1 O& S9 @) S
1975 $53 $58 3.1% Ford budget, Vietnam War ended# q4 F+ G5 f7 h6 p1 c5 B6 @, L
1976 $74 $87 3.9% Stagflation H! u6 W. | G6 V$ Q
1977 $54 $78 2.5% Stagflation
( l/ i# J# a; E1978 $59 $73 2.5% Carter budget, Recession
4 ]% u: j5 Z: R# K1979 $41 $55 1.5% Recession
& R2 f% ^/ Z" h7 g0 I) x8 u1980 $74 $81 2.6% Volcker raised rates to 20%: n; W" V/ P; w$ u+ L' h; `
1981 $79 $90 2.4% Reagan tax cut2 p$ P: n" W4 k
1982 $128 $144 3.8% Reagan increased spending
+ t8 D+ ~& a7 [! T' G0 A) [: Z# g1983 $208 $235 5.6% Jobless rate was 10.8%
( V9 O7 a4 U! z! P1984 $185 $195 4.5% Increased defense spending$ Z4 `. [9 s) S- ~
1985 $212 $256 4.8% Increased defense spending
! H- W* g; Q) M3 x1 W1986 $221 $297 4.8% Tax cut, J" C4 F5 k% q& T0 k; E9 Y* t% Q
1987 $150 $225 3.1% Market crash
# L s4 f b1 i$ \0 A+ g2 ]1988 $155 $252 2.9% Fed raised rates
/ l0 `5 x4 x; O1989 $153 $255 2.7% S&L Crisis, Bush 41 budget4 E( A8 \4 n) g# @) F9 y& X+ Y5 j$ n
1990 $221 $376 3.7% Desert Storm
6 F4 E0 Z, i9 j9 B1991 $269 $432 4.3% Recession! Z/ E! B* R/ \) Q2 J' b& Q% f4 Q
1992 $290 $399 4.4% Expansion
; s2 l5 x o3 `& j( N1993 $255 $347 3.7% Clinton signed Budget Act" C& Z+ i4 F$ q5 X8 t
1994 $203 $281 2.8% Clinton budget* a2 ?! g$ A* o; q n- O
1995 $164 $281 2.1% Expansion( G& y! L6 E( K x& k, b
1996 $107 $251 1.3% Welfare reform- Z6 O8 ^+ O( [ J' U; b% z' J
1997 $22 $188 0.3% Expansion
! t% j" P4 S7 R8 D$ a; ]/ b1998 ($69) $113 (0.8%) LTCM crisis, recession
4 ?; o9 \) {* J: F" l7 S! K1999 ($126) $130 (1.3%) Glass-Steagall repealed8 I/ A8 r6 ], z5 `
2000 ($236) $18 (2.3%) Surplus( v7 {! d3 e, m
2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA7 Y8 ^, E( N, y: s( ^' T
2002 $158 $421 1.4% War on Terror
* H' v$ [( p& j9 T4 e, g" k2003 $378 $555 3.3% JGTRRA% w, G9 G: \( U# c( B4 n
2004 $413 $596 3.4% Iraq War
( L9 w1 _% y0 b! \6 k$ i7 a2005 $318 $554 2.4% Katrina, Bankruptcy Act9 f' U# C+ t1 f6 \5 l. ]5 [/ z4 H
2006 $248 $578 1.8% Bernanke chairs Fed
2 {% e. o: z9 c7 ]/ ^2007 $161 $501 1.1% Bank crisis" l8 v& S) X' r( [& m1 X5 Y% ~
2008 $459 $1,017 3.1% Bank bailout, QE& {) e0 B3 \+ T! B" U- s
2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B
" t, ^( X+ K% A9 l/ S) r2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles
9 u. _, E. M. |4 R4 y2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue. j+ J3 D4 u' }) P3 z
2012 $1,087 $1,276 6.7% Fiscal cliff5 Z: U% X+ ~$ q b1 e
2013 $679 $672 4.0% Sequester, government shutdown+ s" Q) F; S$ T5 F" a
2014 $485 $1,086 2.7% Debt ceiling7 o' k5 o4 R# Q9 R% ?4 X! R
2015 $438 $327 2.4% Defense = $736.4B
/ J; b( l- E7 T% Y% P- b( [2016 $585 $1,423 3.1% Defense = $767.6B
; M" m( x# ]/ H* G5 a* Q2017 $665 $672 3.4% Defense = $817.9B
; H" L( q; S3 ~" A" v; `$ E) \2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts( o. }, ?+ h- L0 @7 {; U" O
2019 $1,091 $1,314 NA Defense = $956.5B
: o! ? g* E: |; N1 A8 H% Q2020 $1,101 $1,281 NA Defense = $989B" h+ x f c/ N9 a
2021 $1,068 $1,276 NA NA& G9 c# w, p# j
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