The Hill News

Congressman Eric Cantor (R-Va.) released the following statement after the state government of Virginia announced a $220 million budget surplus:

During these challenging economic times, Virginia balanced its budget and created a revenue surplus of more than $200 million in FY 2010. This is a result of the steady leadership of Gov. Bob McDonnell (R). Due to its fiscal prudence, Virginia was also able to close a $4.2 billion budget shortfall in the FY 2011/2012 by significantly cutting spending and without raising taxes. If America is to get its fiscal house in order, Washington needs to learn from the bold actions taken in Virginia by Governor McDonnell.

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