Changes

==Second term==

==Second term==

The economy proved highly prosperous, and Clinton not only balanced the budget but produced the first surplus in memory. The reasons include reduction in defense spending after the Cold War (from 5% of GDP to 3%), a revenue burst from the dot-com bubble (the short-lived overexpansion of high tech), and restraints on spending imposed by the GOP Congress.

With the [[Cold War]] over, the economy proved highly prosperous, and and after the [[Republicans]] won control of Congress the budget was not only balanced but a surplus was produced the first time in memory. The reasons include reduction in defense spending after the Cold War (from 5% of GDP to 3%), a revenue burst from the dot-com bubble (the short-lived overexpansion of high tech), restraints on spending imposed by [[Newt gingrich]] and the GOP Congress, and the fruition of Reagan era tax cuts for business research and development in the consumer electronics (computer and cell phone) industry.

 

=== Impeachment ===

=== Impeachment ===

It was during this scandal that Clinton famously stated: "It depends on what the meaning of the word 'is' is".<ref>http://news.bbc.co.uk/onthisday/hi/dates/stories/september/21/newsid_2525000/2525339.stm</ref>

It was during this scandal that Clinton famously stated: "It depends on what the meaning of the word 'is' is".<ref>http://news.bbc.co.uk/onthisday/hi/dates/stories/september/21/newsid_2525000/2525339.stm</ref>

=== Foreign Policy ===

=== Foreign Policy ===