Virginia Gov. Robert F. McDonnell plans a massive spending campaign that he said would unclog state roads, award thousands more college degrees and spur job creation, part of an aggressive legislative agenda he is expected to roll out this week. McDonnell (R) will press lawmakers to approve a series of statewide projects he said would be paid in part through Virginia's $403 million budget surplus, $337 million in higher-than-expected tax revenue, and $192 million generated through cuts and savings.... He plans to borrow nearly $3 billion over the next three years.That doesn't sound like the agenda of a Reagan Republican or a Tea Party Republican. It sounds a lot like the program of George W. Bush, the biggest-spending president between LBJ and, well, the president who followed Bush. Of course, McDonnell might also be called a George Allen Republican. Allen, who served as governor of Virginia from 1994 through 1997, has a reputation as a staunch conservative. But he earned a grade of 40 on the Cato Institute's Fiscal Policy Report Card. McDonnell seems to be headed for a similar grade.
Posted on January 9, 2011 Posted to Cato@Liberty
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