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...only previous involvement in presidential politics was running Ronald Reagan's California campaign in 1980, a service that merited the lifelong Republican an honorary post in the Administration overseeing White House fellowships. In the current race, he is likely to play the "outside" man, stumping in the hinterlands while Perot concentrates on television appearances. But Stockdale, who is intensely private and introspective, may not prove adept at the traditional hand-pumping and baby-kissing role...

Author: /time Magazine | Title: Perot's Number Two | 10/12/1992 | See Source »

...ROSS PEROT's imperial re-entry brings to mind others who have been overstaying their welcomes lately...

Author: /time Magazine | Title: Scorecard: Oct. 12, 1992 | 10/12/1992 | See Source »

HERE IT COMES AGAIN, THAT HARSH Ross Perot plan. Whoever would have expected that a tract on deficit reduction could captivate people and rank as a best- selling book? In United We Stand, Perot tells how he would raise gasoline taxes 50 cents per gal., boost the top income-tax rate from 31% to 33% and whack 10% out of spending for programs ranging from medical research to highway construction. The goal of such tough actions: to slash the federal deficit and balance the budget in five years. "What Perot has done is to put some real beef...

Author: /time Magazine | Title: Shock Treatment | 10/12/1992 | See Source »

...many economists. They concede that the deficit soaks up savings that could better be used to create jobs and build new factories. But they contend that an all-out attack on it next year would take money from people's pockets and hurt the economy. Acknowledging the point, the Perot camp says its plan would not take effect until 1994 at the earliest. Says John White, an Eastman Kodak vice president who was the principal architect of the plan: "If this economy were to continue to be like it is, I certainly wouldn't start this plan. I think...

Author: /time Magazine | Title: Shock Treatment | 10/12/1992 | See Source »

Apart from the question of timing, many experts and just plain folk welcome Perot's plan as a credible blueprint for paring the deficit, which is now growing at a runaway rate of $310 billion a year. Such a program would scarcely pass Congress, however, because lawmakers embrace fiscal responsibility in theory but recoil from it in practice out of fear of angering voters. Yet the plan could take hold if the U.S. could somehow reach a consensus to divvy up the burden. "The only way you'll ever get political agreement is to promise that everyone will share...

Author: /time Magazine | Title: Shock Treatment | 10/12/1992 | See Source »

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