After President Clinton took a drubbing from voters in the 1994 Congressional election, he realized his policies weren't working. He promptly declared, "The era of big government is over," and he then went about making good on that declaration:• He reduced spending by a miraculous 3 and a half percent of GDP.• He attacked entitlement spending and abolished the ballooning open-ended welfare system.• He signed what amounted to the biggest capital gains tax cut in American history.• He delivered the only four budget surpluses in four decades.• And he produced a period of prolonged economic expansion.President Obama faced a similar …