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Perhaps the most outstanding event that is part of US President Bill Clinton's legacy was in the area of economics. Clinton, under the pressure of the Congress, took major steps towards producing a balanced Federal budget. This was indeed an achievement considering the fact that most of the time in recent US history, the Federal government always ran its finances with significant deficits. In other words, the Federal government spent more funds than it received from taxes, tariffs and other forms of taxation such as gasoline taxes.

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