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Then we got the lack. During a term of eight years, Bill Clinton reversed Reagan's course, raising taxes to the wealthy, and lowering them for the important and middle classes. This produced the longest sustained economic expansion in American history. 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 million. The forecast of a ten-year surplus stood at $5.6 trillion. It was the last black ink America would see for decades, perhaps forever.