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Then we got the debt. During a term of eight years, Bill Clinton reversed Reagan's course, raising taxes for a wealthy, and lowering them click for source the important and middle classes. This produced a long sustained economic expansion in American history. It produced budgetary surpluses allowing federal government to begin paying across visit the following internet site crippling debt begun under Reagan. In 2000, Clinton's last year, the surplus amounted to $236 million. The forecast of a ten-year surplus stood at $5.6 trillion. It was the last black ink America would see for decades, perhaps forever.

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