(USA Today) Twenty years from the day he shook up the 1992 presidential race with warnings of economic doom, Ross Perot feels vindicated — though he’s not happy about it.
The national debt — $4 trillion and rising when he sounded the fiscal alarm by challenging President George H.W. Bush and Bill Clinton — stands at $16 trillion. The annual deficit — a record $290 billion then — has topped $1 trillion four years running.
As was the case a generation ago, budget experts agree that neither major party candidate for president has a credible plan to balance the budget. President Obama wants more government spending to help create jobs. The centerpiece of Republican nominee Mitt Romney’s plan is $5 trillion in tax cuts.
So when the country may be in even greater need of another Ross Perot, the 82-year-old Texas billionaire is re-emerging, ever so slightly, from self-imposed exile. With a USA TODAY interview and C-SPAN appearance — and with an autobiography on the way — Perot is peddling one more cure for what he calls the nation’s “economic cancer.”
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