McDonnell boasts of budget surplus on FOX News
Gov. Bob McDonnell (R) continued spreading the word about Virginia's budget surplus this morning in a brief appearance on FOX and Friends.
"It's just good solid fiscal management,'' McDonnell said. "It was bipartisan cooperation...Families are hurting. Businesses are hurting. We've got to stimulate the economy for economic development and job creation and get entrepreneurs doing what they do best and we've got to cut spending."
McDonnell always credits both Republicans leaders in the House and Democratic leaders in the Senate for the $403.2 million budget surplus, but he never voluntarily mentions the federal stimulus package.
This morning, interviewer Dana Perino (yes, the former White House press secretary) asked him about the Recovery Act and McDonnell reluctantly acknowledged that $2.5 billion in stimulus funding helped fill some holes in the budget.
"I think in the short run most governors would say that some of the money that came in the last couple of years into the budget certainly plugged a few holes, but long term that's not going to be the solution because what you do is you build those requirements into your base operating budget, which creates more demands in the future," he said.
McDonnell said the only way to restore "fiscal responsibility in the states" is to have "longterm permanent reductions."
"I got a little short-term help from Washington,'' he said. "It certainly has reduced some of the cuts but long term what we have done here in Virginia this year is significant new structural cuts."
August 24, 2010; 10:15 AM ET
Categories: Anita Kumar , Robert F. McDonnell
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