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Then there was the debt. 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 ranking. It produced budgetary surpluses allowing the government to begin paying on 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 here for decades, perhaps forever.

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