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Then we got the debt. During a term of eight years, Bill Clinton reversed Reagan’s course, raising taxes within wealthy, and lowering them for relevant internet page the significant and middle classes. This produced a long sustained economic expansion in American back ground. It produced budgetary surpluses allowing brand new to begin paying over the crippling debt begun under Reagan. In 2000, Clinton’s last year, the surplus amounted to $236 billion. The forecast of a ten-year surplus stood at $5.6 mil. It was the last black ink America would see it here for decades, perhaps forever.
