In 1993, President Clinton and Vice President Gore launched their economic strategy: (1) establishing fiscal discipline, eliminating the budget deficit, keeping interest rates low, and spurring private-sector investment; (2) investing in people through education, training, science, and research; and (3) opening foreign markets so American workers can compete abroad. After eight years, the results of President Clinton's economic leadership are clear. Record budget deficits have become record surpluses, 22 million new jobs have been created, unemployment and core inflation are at their lowest levels in more than 30 years, and America is in the midst of the longest economic expansion in our history.
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It was based on an idea that a nation's wealth and power were best served by increasing exports in an effort to collect precious metals like gold and silver
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The State of Virginia jails 50 Baptist worshipers for preaching the Gospel contrary to the Anglican Book of Common Prayer. Eighteen Baptists are jailed in Massachusetts for refusing to pay taxes that support the Congregational church. Virginia's House of Burgesses passes the Virginia Declaration of Rights.
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