At the end of 1995 and stretching into January 1996, the federal government “shut down” because of an impasse between President Clinton and House Republicans led by then-Speaker Newt Gingrich. The issue was increased taxes vs. less spending. Sound familiar? The government re-opened when a bipartisan agreement was reached to balance the budget by 2003. It wasn’t balanced by then, for reasons that included but were not limited to two wars. Now the national debt is racing toward an unsustainable $17 trillion.
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