Joel, you used it in your piece attacking McDonnell for this “deficit.”
http://vbprogressives.com/2010/06/24/mcdonnells-shell-game/
Where are you getting that we’re running a $500 million deficit?
The finances of a state or the federal government aren’t the same as the finances of an individual. It’s not disingenuous to not factor in the deferred payments any more than its not disingenuous to ignore medicare, medicaid and social security liabilities when calculating whether we had a surplus in 1998-2000 on the federal level.
Even if the VRS payments for last year were made (which were around $140 million), there still would have been a surplus.
I know it’s hard for you guys to give any credit to Republicans, but c’mon.