We do not have the same economy we had when Clinton was in office. The mistake is in believing that somehow raising taxes will create the kind of economy that Clinton had. That's a disastrous mistake. Raising taxes does not create a vibrant economy. Government spending does not create a vibrant economy or Japan would not have had its own disastrous ten years.
No, the mistake is thinking that putting the load of debt reduction solely on the shoulders of the people who are already struggling will fix the economy, while leaving the Conglomerate and it's masters.....who show little to no loyalty to their own country if it doesn't serve them and them alone....free to continue their ways.
BTW, I noticed you only focused on the taxation part of my post and ignored the rest. There will be cuts....there will be revamping of programs....you know it as well as I.