Youngkin left VA with a $2.7 billion dollar surplus. Any bets on how long it lasts?

Will disappear in the time it takes to set up 31 Learing Centers in Roanoke

A government should NEVER run a $2.7B surplus. That's taxpayer money that should be immediately returned to the people who paid onto it.

Georgia has between $15B-19B in our surplus fund.

Governor Kemp has been returning just under $2B a year in taxpayer rebates a year.

After covid, we want to be able to fund government operations without taking on debt. The total budget is about $43B a year.

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A government should NEVER run a $2.7B surplus. That's taxpayer money that should be immediately returned to the people who paid onto it.

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Governments should treat their budget like a rainy-day fund. It’s smarter to save during the "boom" years so they don't have to scramble and hike taxes the second the economy dips. Cycles happen; being prepared just makes sense.

If a government sees nothing but surpluses for a decade, then sure, it it’s time for tax cuts. But cutting taxes too early usually backfires, governments end up broke when the next recession hits and have to raise taxes even higher just to stay afloat. Plus, the political drama of raising taxes often leads to messy compromises and even more spending.

The best move? Keep it steady. Save when things are good, keep taxes predictable, and only make big changes when you’re sure the long-term math adds up. In finance, boring stability usually wins.

When was the white queen from Narnia inaugurated? I’ll say 90 days from that date.

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Youngkin left VA with a $2.7 billion dollar surplus. Any bets on how long it lasts?

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I give it 2 full years of their budget cycles…

Kamala blew through $1.5B in a few months with nothing to show for it. This is a hold my beer scenario.

AAAAAAAAAAAAAAAAAAAAND it's gone!

Fwiw that episode was great.