In 1993, the first year of Bill Clinton's term as President, he raised taxes & cut spending. It was one of the biggest hikes in taxes in peace time. The Grover Norquist crowd or the progressive Democrats would have you believe the economy would tank. It didn't. In fact the 1990's were great.
1993 Clinton Budget
Bill Clinton ended up balancing the budget 3 times during his administration. The most that had occurred since Truman & Ike each balanced the budget 3 times. One of the most amazing stats of the Clinton years was the Labor Force Participation Rate. It was at a post WW2 high and has not hit those levels since then.
Labor Force Participation Rate
1993 Clinton Budget
Bill Clinton ended up balancing the budget 3 times during his administration. The most that had occurred since Truman & Ike each balanced the budget 3 times. One of the most amazing stats of the Clinton years was the Labor Force Participation Rate. It was at a post WW2 high and has not hit those levels since then.
Labor Force Participation Rate