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If he were congressman, Smith said, he would take a business approach to the savings and loan bailout.
“The only people we really have a debt to are the depositers,” he said. “Those are the only people that were insured by the S&L insurance sytem; the financial institutions themselves were not.”
In addition, he said he felt that the federal government over-reacted in cutting funds off to borrowers, calling it a poor business decision.
Fielding questions from the audience, Smith said he would not support limiting candidates terms for Congress, would favor simplifying tax forms and would not take honoraria if elected to Congress.
As he has throughout his campaign, Smith criticized his opponent for not debating him. With Election Day less than a month away on Nov. 6, Smith expressed annoyance at not having the opportunity to face his opponent.
“His absence tonight is extremely arrogant, when he should be out voicing his opinion, telling us where he stands on the issues,” said Smith. “I’ve started getting madder and madder at the absence of our congressman.”
Slaughter’s campaign representative notified the Fauquier TimesDemocrat two weeks before that he would not be able to attend Candidates Night. Less than an hour before the event was held, a letter from Slaughter was sent by facsimile from his campaign office, saying that the House of Representatives would be in session to address the federal budget crisis.
“I should think that if I left Washington at this critical time to campaign for office, I would be accused of neglecting my duties and my constituents’ interests, and deservingly so,” said Slaughter.
“Indeed, I feel that nothing is more important to the future of our country than to get our fiscal house in order and I will remain on the job as long as it takes to accomplish this vital goal,” Slaughter said.
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