When Bill Clinton left the White House in 2001, he could point with pride to a balanced budget and a reported surplus of $559 billion. Moreover, his approval rating was 66 percent, the highest of any departing president since World War II. Yet at the very start of his administration, it is doubtful that even Clinton, optimist that he was, could have predicted such success. Instead, he was predicting dire economic times for the nation in the near future. "If we don't reform our economic policies," he warned, "ten years from now, we won't even recognize the country." Clinton was talking up the risks in preparation for his major speech before Congress calling for roughly $150 billion in new or increased taxes over four years. In this context, Time ran this cover with the title "Uncle Bill Wants You: What Clinton's Plan to Raise Taxes Will Do to Your Wallet."