The federal deficit went from 4.5 percent of GDP in 1933 to 5.9 percent in 1934, not a huge increase.

联邦财政赤字在1933年来自于GDP的4.5%，1934年为5.9%，增幅并不大。

youdao

And they say, the huge and growing federal deficit.

FORBES: Voters Fear Bankruptcy Of U.S. Government, Pols Don't Care

These people see the federal budget deficit, the huge debt burden and the risk of a stagflation-type environment of low growth and high inflation, and cannot understand how investors could be piling into bonds.

FORBES: Five Bubbles Still In The Blowing Phase

Surely the plummeting in this huge chunk of federal outlays would zero out the deficit, given any further recovery, under the tax-rate status quo.

FORBES: President Obama Doesn't Even Believe His Own Economic Hype