Marc,
I forgot to mention the illogical reasoning behind the tax cuts that have now generated the biggest revenue shortfall in Virginia's history. When I moved here, the state was the most fiscally sound in the US. In eight short years, we have reduced funding everything (except cops and prisons) to roughly the same level as Mississippi, the #50 state in almost all fiscal categories. Here are a few of the more bizarre results of this policy:- Virginia Tech, the College of William and Mary and the Universtiy of Virginia are considering going private, since state funding is now insignificant. Unless they do this, they must subsidize in-state students without state funds
- Other state schools are just closing down programs or deferring maintenance, since going private only works at the top of the food chain
- Community colleges may be the worst affected. Many companies that rely on community college graduates as a primary source of trained workers are contemplating leaving the state entirely
- Traffic in Northern Virginia is now so bad that businesses are abandaoning the place, even though they are in close proximity to the biggest customer in the world
- We are seriously considering using the excess prison space to house the mentally ill, since mental heath services are basically gone
- More service cuts are in the offing, because the ones to date were the upper limit of those the governor can make without legistaive action. There is still a huge gap in the revenue to expenditures equation.
The solid Republican majorities in both houses of the Legislature have seen this as a good thing (I think), because they are already talking about addtiional tax cuts.
So much for Yoodoo Econ 101.
Marx: Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.
Lennon: You either get tired fighting for peace, or you die.