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Then there were the shortage. During a term of eight years, Bill Clinton reversed Reagan's course, raising taxes upon the wealthy, and lowering them for the working and middle classes. This produced please click the following article longest sustained economic expansion in American past history. It produced budgetary surpluses allowing brand new to begin paying across the crippling debt begun under Reagan. In 2000, Clinton's last year, the surplus amounted to $236 billion dollars. the advantage forecast of he has a good point ten-year surplus stood at $5.