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The Fiscal Year 2020 U.S. budget deficit is expected to be $1.1 trillion.
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0 {4 M- w% e8 M9 t/ n2020财年美国预算赤字预计为1.1万亿美元7 g" E6 f z+ @% V' Q; o
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The first column represents the fiscal year, followed by the deficit that year in billions. Next is the debt increase by fiscal year, followed by the deficit/GDP. Finally, the events affecting the deficit are cited.) {7 G* w( z$ f: N+ s3 Q
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, S1 g% o- ]0 K3 |
1929 ($1) ($1) (0.7%) Market crash
8 _" ]7 o+ L5 s* S. W! M+ c1930 ($1) ($1) (0.8%) Smoot-Hawley
% F2 w6 b8 O0 E& A: C3 v; t1931 $0 $1 0.6% Dust Bowl
, p, W y, I, A4 u. Q3 z1932 $3 $3 4.5% Hoover tax hike
) J) f7 E* X q6 Q1933 $3 $3 4.5% FDR New Deal; u* O+ ?4 ^* U% _# V/ E1 n
1934 $4 $5 5.4% GDP up 10.8%, debt also rose; K0 {3 |0 _: k- p
1935 $3 $2 3.8% Social Security8 l. \8 n! ]7 Q! m+ I6 L
1936 $4 $5 5.1% Tax hikes; v% R. l6 i8 a5 p2 u% Y$ a
1937 $2 $3 2.4% Depression returned, third New Deal
5 }) d, d8 U4 T! H1938 $0 $1 0.1% Dust Bowl ended
: i* D: G' A( b2 [- E n0 ?# ~1939 $3 $3 3.0% Depression ended
8 g: j/ Z1 o% B) C1 o+ j/ u' P1940 $3 $3 2.8% Defense increased. F' h. e$ Z' l# Q2 f
1941 $5 $6 3.8% Pearl Harbor
! ?3 |& N0 h! D. R1 `! G1942 $21 $23 12.3% Battle of Midway( T2 M# M% m- N) f3 [
1943 $55 $64 26.9% Defense tripled
( w+ X, z& C% H4 l% [! W J0 Y1944 $48 $64 21.2% Bretton Woods% i/ H k' n h9 t5 ~3 n
1945 $48 $58 20.0% WWII ended" `8 ]* k' z, B8 z$ n" T
1946 $16 $11 7.0% Recession+ U, N+ a x- T1 r$ w) s
1947 ($4) ($11) (1.6%) Cold War
* s% n: g9 F9 Q# D( C/ R1948 ($12) ($6) (4.2%) Recession9 l+ ?. K' w- ]; H/ u9 D5 g( I
1949 ($1) $0 (0.2%) Recession
1 U+ |" o# O R5 o- _( V1950 $3 $5 1.0% Korean War
4 t# O7 N) w- O. v) Q% U1951 ($6) ($2) (1.7%) Expansion5 z2 l4 R' ?: p( {2 \, h( e3 C# L
1952 $2 $4 0.4% Expansion3 i2 u+ T5 }' O* v' i
1953 $6 $7 1.7% Korean War ended, recession
/ e8 N2 R# c' B; {" @8 d0 Y1954 $1 $5 0.3% Recession, Eisenhower budgets
0 z; h. L( u N1955 $3 $3 0.7% Expansion
5 X& c; _- [9 c- J1956 ($4) ($2) (0.9%) Expansion6 e& ~ q- z8 E6 b; s) L9 S
1957 ($3) ($2) (0.7%) Recession
6 a# `5 G( M6 Q9 S; p' \1 l1958 $3 $6 0.6% Recession ended. Y8 [* e- m) g8 M7 I0 Q3 b
1959 $13 $8 2.4% Fed raised rates' j |; v* C! @* ^9 b
1960 $0 $2 (0.1%) Recession
/ W, n% j& U, H6 s6 G ^4 e1961 $3 $3 0.6% JFK & Bay of Pigs
2 }, ]6 y0 t T( y1 n1962 $7 $10 1.2% Cuban Missile Crisis
# ^7 b+ s" `( R7 J1963 $5 $7 0.7% U.S. aids Vietnam, JFK killed
/ u, W- j, v0 ?+ K1964 $6 $6 0.9% LBJ War on Poverty
( {5 U5 ~. p7 T# g2 ]: a" W1965 $1 $6 0.2% Medicare, Medicaid, Vietnam War
* c' r, {1 s( J9 d/ u8 `$ y" n ~1966 $4 $3 0.5% : i/ L( q- Y( K* l1 M
1967 $9 $6 1.0% Expansion
; t3 i4 O. {% q4 \4 z+ h1968 $25 $21 2.6% Moon landing
( s6 O# c# O# O5 h) v5 T5 {1969 ($3) $6 (0.3%) Nixon took office/ s. D# v, {, J* \, ]( Y
1970 $3 $17 0.3% Recession2 D( l: k8 H8 h' _7 W+ Z0 @, p
1971 $23 $27 2.0% Wage-price controls8 a# y% i2 C1 |, H1 G0 l
1972 $23 $29 1.8% Stagflation
6 W% t% g8 Q4 i- m1973 $15 $31 1.0% End of gold standard8 V1 u0 _! f0 k% w' H6 x( J$ i
1974 $6 $17 0.4% Budget process created, Watergate
8 P `1 l$ Q, L7 ~6 ^) e, g1975 $53 $58 3.1% Ford budget, Vietnam War ended
7 B8 F, T5 A x6 J0 v6 i" Y- Y8 X1976 $74 $87 3.9% Stagflation; D" c% c5 l6 p! J: p) a; _
1977 $54 $78 2.5% Stagflation6 l' O. f* u. {- M1 q4 |6 K5 C) A/ i
1978 $59 $73 2.5% Carter budget, Recession2 d+ `# s d) a* q
1979 $41 $55 1.5% Recession- m9 n/ H4 G4 h6 A
1980 $74 $81 2.6% Volcker raised rates to 20%5 r. r) Q% z2 v( L# b
1981 $79 $90 2.4% Reagan tax cut
* |3 E0 R! `" Z( \$ |& r1 s: q9 Y% Y1982 $128 $144 3.8% Reagan increased spending
4 O. N e9 U M1983 $208 $235 5.6% Jobless rate was 10.8%$ R$ }' j3 l+ p8 A: ^2 N6 j8 A
1984 $185 $195 4.5% Increased defense spending1 F- K# M; s/ z/ ~; R9 J4 m6 Y
1985 $212 $256 4.8% Increased defense spending
% W. ~2 N, A% L+ w- l1986 $221 $297 4.8% Tax cut, W' g& ~! b7 G/ c: I
1987 $150 $225 3.1% Market crash0 S k) N* V7 d3 K' ]5 q
1988 $155 $252 2.9% Fed raised rates& r- ~0 |; Q7 _& P, L4 t
1989 $153 $255 2.7% S&L Crisis, Bush 41 budget. U$ d; `; {2 w1 z# h1 p
1990 $221 $376 3.7% Desert Storm
F6 c" y0 j+ s8 q" O0 \4 [) u1991 $269 $432 4.3% Recession4 A6 z- R" v2 [: O' i5 z7 z2 m
1992 $290 $399 4.4% Expansion
% }* R4 @$ F5 ]! `" f$ U# E) y1993 $255 $347 3.7% Clinton signed Budget Act
0 R E. K R. F/ |- q; z* p' O1994 $203 $281 2.8% Clinton budget
" q6 l. ~/ ^$ k& d/ D6 n1995 $164 $281 2.1% Expansion
, j: }$ T4 e4 z3 \3 O1996 $107 $251 1.3% Welfare reform# ]2 R ]: I" Q1 S1 R% z
1997 $22 $188 0.3% Expansion
" G: m4 R' M7 S6 `8 l1998 ($69) $113 (0.8%) LTCM crisis, recession# I" Y. H6 t" A- R9 I
1999 ($126) $130 (1.3%) Glass-Steagall repealed
3 r( r1 g( |' w2 u) n2000 ($236) $18 (2.3%) Surplus
9 A+ x1 P$ b0 r* g( c: w& p2001 ($128) $133 (1.2%) 9/11 attacks, EGTRRA
. b& ?2 E, i t2002 $158 $421 1.4% War on Terror
. a' L" _3 U |2003 $378 $555 3.3% JGTRRA2 v' r: S# z; F$ o% R0 o4 W
2004 $413 $596 3.4% Iraq War r9 t6 W. W! s9 a( g* k$ e
2005 $318 $554 2.4% Katrina, Bankruptcy Act
" }! e7 t8 ?% F% T* x2006 $248 $578 1.8% Bernanke chairs Fed) V. s2 P0 R: ]4 d; q
2007 $161 $501 1.1% Bank crisis s. M8 W& {' W* k+ D: P! z7 _
2008 $459 $1,017 3.1% Bank bailout, QE
( l: Y5 M7 u$ C, \2009 $1,413 $1,632 9.8% Stimulus Act. Bank bailout cost $250B, ARRA added $241.9B; j i/ n5 Y- j& m8 Z4 I
2010 $1,294 $1,905 8.6% Obama tax cuts, ACA, Simpson-Bowles, @! K9 X$ S5 r0 W% |! l/ u
2011 $1,300 $1,229 8.3% Debt crisis, recession and tax cuts reduced revenue
1 h3 V; O& O; K+ a+ d( W# d/ I2012 $1,087 $1,276 6.7% Fiscal cliff( q2 Q$ x5 U) b
2013 $679 $672 4.0% Sequester, government shutdown" k# ]7 I( x1 A* ~) P8 w& ]
2014 $485 $1,086 2.7% Debt ceiling. i! p5 l$ p7 v" _9 { t
2015 $438 $327 2.4% Defense = $736.4B
% w. k: |, q$ h2016 $585 $1,423 3.1% Defense = $767.6B
- k8 x8 x; t2 N" M2017 $665 $672 3.4% Defense = $817.9B
) f$ @: A; A! \% a: D, W* J/ |2018 $779 $1,217 4.0% Defense = $890.8B. Trump tax cuts; D- i* C$ u& E: G7 a
2019 $1,091 $1,314 NA Defense = $956.5B5 b, X1 O* P* K x
2020 $1,101 $1,281 NA Defense = $989B
2 i4 Y. W9 T0 d% X% v& a# n: n2021 $1,068 $1,276 NA NA0 I+ H9 u9 v$ B& ^0 g( y
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