Annotations & Elucidations  Virginia Borrows Now; IOUs Next?

Who said Virginia isn't for borrowers? We've always prided ourselves on being different than the federales. In Virginia, we balance our budgets. In Virginia, we don't use gimmicks. Of course, states can't print money, but they sure can borrow it. In Virginia's case, it's more than $1.2  billion worth, or the size of a potential Creigh Deeds tax increase. Whatever happened to the "Best Managed State"? This is what Senator Deeds wants to "continue"? First, it was California-style state employee furloughs. Now it's federal government-style borrowing. What's next? Left coast-style IOUs?  

If that wasn't enough, the Dems in Washington now are considering shielding banks from state laws. So much for federalism and that constitution thing. Finally, be sure to check out Michelle Malkin's exclusive on the President Obama's friends and their Olympic connections. Nothing like having a friend in high places lobby your case for the Olympics.

News:

Va. To borrow up to $1.27 billion for unemployment payments (Richmond Times-Dispatch)

Bolling Vows Fiscal Reform (Harrisonburg Daily News-record)

Polls find competing results for campaigns (Northern Virginia Daily)

A Tug of War For Women's Votes in Race For Governor (Washington Post)

Holton backs Deeds; Republicans talk mental health (Richmond Times-Dispatch)

Deeds happy with Holton endorsement (Roanoke Times)

Paths diverge over budget, roads in 17th District debate (Roanoke Times)

November election voter registration deadline nears (Richmond Times-Dispatch)

5th hopeful from GOP runs for 5th (Charlottesville Daily Progress)

National News:

More thorny challenges ahead for health overhaul (AP/GOPUSA.com)

Dems debate sheilding banks from state laws (AP/GOPUSA.com)

Analysis:

Virginia's Regional Divide on the Issues (Jennifer Agiesta/Washington Post Voices Blog)

In Virginia Culture Wars Look Very Much Alive (Stuart Rothenberg/Rothenberg Political Report Blog)

Commentary:

All The President's Olympic Cronies (Michelle Malkin/GOPUSA.com)

Health Care and the Constitution . . . Remember that Document? (Bobby Eberle/GOPUSA.com)

Coming: The Economic "W" (Dick Morris and Eileen McGann/GOPUSA.com)

Is Disagreement With Obam Racism? (Walter E. Williams/GOPUSA.com)

Pittsburgh Protest Promoters (Brent Bozell/GOPUSA.com)