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Business

Perot: U.S. Vulnerable Because of Obama Spending

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Billionaire businessman Ross Perot, who ran for president in 1992 and 1996 on a balanced-budget platform, says his recent endorsement of Mitt Romney was the Romney campaign’s idea. “They came to me,” Perot said at an event last night at Dallas’ Belo Mansion. The EDS founder said he endorsed Romney because, of the two major presidential candidates, the former Massachusetts governor would do the most to rein in out-of-control federal spending.

While the national debt was $4 trillion when he first ran as an independent in ’92, Perot said, it’s nearly four times that now “and we’re adding billions of dollars to the debt every month. It’s damaging the future of our country,” he went on. President “Obama’s policy is just to spend money. He’s made [the debt] so deep now, we’re very vulnerable as a nation. Other nations around the world are smiling, because they see us as weak.”

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