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Then we the shortfall. During a term of eight years, Bill Clinton reversed Reagan's course, raising taxes towards the wealthy, and lowering them for the significant and middle classes. This produced the longest sustained economic expansion in American history. It produced budgetary surpluses allowing federal government US Corporations to begin paying over the crippling debt begun under Reagan. In 2000, Clinton's last year, the surplus amounted to $236 zillion. The forecast of a ten-year surplus stood at $5.6 trillion. It was visit the up coming webpage last black ink America would see for decades, perhaps forever.

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