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Then there were the shortage. During a term of eight years, Bill Clinton reversed Reagan's course, raising taxes around the wealthy, and lowering them for the running and middle classes. This produced the longest sustained economic expansion in American heritage. It produced budgetary surpluses allowing federal government to begin paying on the crippling debt begun under Reagan. In 2000, Clinton's last year, the surplus amounted to $236 thousand. The forecast of a ten-year surplus stood at $5.6 billion. It w
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