APNewsBreak: Va. surplus nearly double estimate
RICHMOND, Va. (AP) - Aides to Gov. Bob McDonnell said Tuesday that the state's final 2010 budget surplus will be nearly $404 million, nearly double the previous estimate.
http://wtop.com/?nid=25&sid=2029373
What a bunch of crap! They are failing to say that they took over 600 million from VRS (Virginia Retirement System) to balance this years budget. They took money from every single current and retired employee and put the retirement system in jeopardy. Maybe they will turn the VRS into another Social Security ponzi scheme.
According to my simple math...took over 600 million minus the 404 million bogus surplus is still a 196 million deficit. Maybe the money should go back where it bellongs? The VRS? How long before they start balancing budgets with our 401k's, IRA's, ROTH IRA's etc?
The article says, "McDonnell plannes to make the announcement Thursday to the General Assembly's money committees." Wow...hhmmm...how do we waste this money?