That's What Politicians Do -- Spend our Taxes
Nearly every large newspaper across Virginia carried news this morning about the General Assembly's wrap-up of the budget deal that ended the 2005 General Assembly, but the headline in the Newport News Daily Press caught our eye. The headline read "Va. legislators reinvest $1.2 (billion) budget surplus." Remember, that surplus resulted from the tax increase engineered by Governor Mark Warner (D) and State Senator John Chichester (R) in the extended session of the 2004 General Assembly. So, did the General Assembly's legislators actually "invest" that $1.2 billion surplus? Don't count on it! As the article's lead paragraph noted, the surplus was "good news for state workers, the Chesapeake Bay, college students, and Medicaid recipients." Sure doesn't sound like our understanding of the meaning of investment. Even worse, while they earmarked $848 million for transportation, the Daily Press reports, "The single biggest chunk of money won't build a single road -- $256.4 million is set aside to pay off project deficits. Some investment! No, just more government spending by the political elite.