Virginia surplus doubles thanks to federal stimulus money
In fact, without the $2.5 billion it received in stimulus funds, Virginia would not have been able to beat the odds, according to the Commonwealth Institute for Fiscal Analysis.
via Virginia surplus doubles estimate – Aug. 19, 2010.
Well Bob McDonell looks good right now thanks to the stimulus money playing a major factor. Sure, VA slashed spending and cut jobs but it is ugly to balance a budget on the backs of people. As one commenter to this article said “I was a state employee who got laid off.” “I’m sure glad they saved millions of dollars.” Therein lies the rub. At least most of the money from the surplus is mandated to go and fund state needs. I’m not against fiscal responsibility but often times that means spending on social programs gets slashed while other programs, funding and tax cuts are allowed to happen. This goes for both sides of the aisle.
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