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Then we were treated to the deficit. During a term of eight years, Bill Clinton reversed Reagan's course, raising taxes on top of the wealthy, and lowering them for the important and middle classes. This produced the longest sustained economic expansion in American heritage. It produced budgetary surpluses allowing the government to begin paying around the 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 billion
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