What economic milestone did Perot advocate for?
National debt elimination
Balanced budget
Flat tax
Trade surplus
Answer
The balanced budget, as advocated by Perot, entails ensuring that government expenditures do not exceed its revenues, thus avoiding deficits and promoting fiscal discipline. This approach aims to maintain long-term economic stability by preventing excessive government borrowing, managing public finances responsibly, and fostering confidence among investors and the general public in the soundness of the economy.
The Ross Perot Challenge: Test Your Knowledge on an Iconic American Figure
More Questions
Which U.S. president did Perot endorse in 2000?
Who was the Republican nominee Perot ran against in 1996?
Approximately how many votes did Perot win in his 1992 campaign?
Ross Perot was a philanthropist. What is philanthropy?
Aside from business and politics, Perot was known for his stance on which social issue?
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