Friday, 16 July 2010
In Case You Missed It...
"During these challenging economic times, Virginia balanced its budget and created a revenue surplus of over $200 million in FY 2010. This is a result of the steady leadership of Governor Bob McDonnell. Due to its fiscal prudence, Virginia was also able to close a $4.2 billion budget shortfall in the FY 2011/2012 by significantly cutting spending and without raising taxes. If America is to get its fiscal house in order, Washington needs to learn from the bold actions taken in Virginia by Governor McDonnell.
"Unfortunately, over the last eighteen months, Washington has gone on a spending spree to the tune of nearly $8,000 per person - an increase of $4.9 billion per day - the highest rate of growth in our history. We must start cutting spending, and we must start now, which is why over the past month, Republicans have forced the House of Representatives to vote on more than $100 billion in spending cuts. Unfortunately only a handful of Democrats supported our efforts. Instead of working together to cut spending immediately, President Obama and Speaker Pelosi want to keep kicking the can down the road, but there's no more road left. We can't keep waiting until the proverbial ‘next year,' we need to get our fiscal house in order now so that tomorrow our children and grandchildren can enjoy the same freedoms and opportunity that were provided to us.
"Mr. President, take a look at the example set by Virginia, and let's start making the tough decisions today."
Posted by Jonathan E. Varnell