Ross Perot not confident of 'fiscal cliff' deal

Ross Perot

Credit: WFAA

Billionaire Ross Perot appeared Wednesday at an event for a new housing project in Denton County backed by his son, Ross Perot Jr.




Posted on November 14, 2012 at 6:14 PM

Updated Wednesday, Nov 14 at 6:15 PM

DENTON COUNTY — Ross Perot made cutting the federal debt the centerpiece of his presidential campaigns in 1992 and 1996.

Speaking in Denton County Wednesday, Perot said the nation still doesn't want to deal with it, and he was uncertain that President Obama can reach an agreement with Republicans on the "fiscal cliff."

Perot has been a driving force against government debt, and as he moved an old farm home by truck at an event for a new housing development, he quickly geared up his long-time pitch.

"We've got to stop it; we've got to correct it; and if we don't, we just put ourselves in the position that is absolutely untenable," he said.

The senior Perot appeared at son Ross junior's Hillwood Communities groundbreaking for a new 3,000-home development in Argyle and Northlake.

Although Perot is confident in the project's success in the fast-growing Interstate 35 corridor, he's doesn't feel as good about President Obama and congressional Republicans reaching a deal to steer clear of the "fiscal cliff."

Perot backed Mitt Romney for president. "[I'm] a whole lot less confident than I would have been, cause Romney... that was the heart and soul of what he wanted to get done," Perot said. "So you have to have somebody that even wants to do it. Our current president, if you look at his first four years, he's a money spender — not a money-maker."

In response, the Texas Democratic Party said the president is listening, and that's the first step to a compromise and a beneficial deal.

Although others disagree with Perot, the math is on his side that the nation is on an unsustainable path of spending and debt.

No wonder the 82-year-old Perot still has the zest for discussing debt like he did in 1992.

"Wake up and be diligent about getting our bills paid," he urged.