Political Quotes

On the recordMarch 16, 1994
that is exactly my point. We do have a capital budget. It is the whole budget that is in jeopardy in our State. Higher education is in difficulty, many times because of our capital expenditures, which are stopped at the moment. They are gone. So do not tell me that a capital budget is the epitome of success budgeting. It does not work that way.
Said by
Robert Smith
Oregon

Editor's note · Context

Discussing the challenges of the state budget and its impact on higher education.

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More from Robert Smith

Mar 16, 1994

Exactly, we have a balanced-budget amendment to the constitution, and we do spend for capital outside of it including bonding. The payment on the interest of the bonds has us in so much trouble we are going to have to strip $1 billion out…

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Mar 16, 1994

I wanted to at least address the Social Security thing which is already getting out of hand, the rumor that somehow Social Security is going to be destroyed. The facts are that we are already camouflaging, masking the budget. For instance…

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Mar 16, 1994

The Keynesian economic theory is exactly what you have identified, and that is simply that in a downturn, the idea is to pump money into the economy. That is what we have been following, that philosophy, since 1930. There is no question…

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Mar 17, 1994

there are many Members here in this assembly who do not want a balanced budget amendment to the Constitution. There have been efforts by the leadership here and in the other body to try to devise a system by which Members can escape, some…

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