A Deficit Plan That S No Joke
The Perot plan gores every ox in sight-and its potentially draconian impact has prompted immediate controversy among economists who say it would only worsen the current recession. Perot adviser John White, who assembled the plan for Perot, conceded that deficit reduction could wait until 1994 to allow the economy to recover, but that seemed unlikely to stop the policy debate. Over a five-year period, Perot seeks to raise $348.2 billion with increased taxes and save $413....