Political Quotes

Bob Wise: “I always pay it back, and I have in my income-debt service when we budget that, we know how much we owe each month and…”

On the recordMarch 16, 1994
I always pay it back, and I have in my income-debt service when we budget that, we know how much we owe each month and so, therefore, we write it in there. Under my proposal of capital budgeting, that amendment called debt service would be included in operating income. We are not moving these items off the budget so that they are never paid for. We are moving this debt service, what it costs each year to build them, we are including that, but we are permitting the cost of the asset to be spread out over the useful life of that asset.
Said by
Bob Wise
West Virginia
Source
govinfo.gov

Editor's note · Context

Discussing capital budgeting and debt service in a budget proposal.

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