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