Yes, Virginia, There Really Is a Surplus

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Published August 23, 2011

| FoxNews.com

While the federal government continues to drown in a sea of debt, several states are reporting surpluses, thanks to policies Washington would do well to emulate.

Nowhere has the economic turnaround been more immediate than in Virginia. When Republican Gov. Bob McDonnell took office in January 2010, he was faced with a $2.2 billion shortfall bequeathed to him by outgoing Democratic Gov. (and now Senate candidate) Tim Kaine.

In less than two years, McDonnell has delivered two budget surpluses without raising taxes or causing harm to the "most vulnerable." Instead, he has judiciously cut spending.

Cal Thomas is America's most widely syndicated columnist. His column appears in the Washington Examiner today. To continue reading his column, click here.

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http://www.foxnews.com/opinion/2011/08/23/yes-virginia-there-really-is-surplus/