Budget Process Testimony of Hon Charles W Stenholm Hon Barbara Mikulski H
Budget Process Testimony of Hon Charles W Stenholm Hon Barbara Mikulski H
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But also capital budgeting falls I think if you can't demonstrate over several years a genuine return. If you can't come back and say that over the life of this project it is returning as much or more as you put into it, you are going to have a harder and harder time to justify it. Chairman Boren. Thank you very much. I think that's a very good point. I serve on the board of a private institution and I know one of the things that they have been tempted to do, and I suspect we are tempted to do ...it as a country, is if you have a tight problem in terms of your operational budget, one of the things you are tempted to do to try to keep it in balance or hold your deficit down is to no longer maintain your physical infrastructure, in this case it would be buildings and so on. So that you build up a huge back- log of unmet needs and your budget situation is worse than it really would appear because you are not keeping up your infra- structure and you are really passing on to the next generation, as we pass on the national debt, you are also passing on a backlog.
What to read after Budget Process Testimony of Hon Charles W Stenholm Hon Barbara Mikulski H?
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To quickly assess the difficulty of the text, read a short excerpt:
But also capital budgeting falls I think if you can't demonstrate over several years a genuine return. If you can't come back and say that over the life of this project it is returning as much or more as you put into it, you are going to have a harder and harder time to justify it. Chairman Boren. Thank you very much. I think that's a very good point. I serve on the board of a private institution and I know one of the things that they have been tempted to do, and I suspect we are tempted to do ...it as a country, is if you have a tight problem in terms of your operational budget, one of the things you are tempted to do to try to keep it in balance or hold your deficit down is to no longer maintain your physical infrastructure, in this case it would be buildings and so on. So that you build up a huge back- log of unmet needs and your budget situation is worse than it really would appear because you are not keeping up your infra- structure and you are really passing on to the next generation, as we pass on the national debt, you are also passing on a backlog.
What to read after Budget Process Testimony of Hon Charles W Stenholm Hon Barbara Mikulski H?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Joint Committee On the Or to read onlineMoreLess
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