Scalise, Trump, Louisiana LIVE

Friday, 11 December 2015 13:53
Louisiana Treasurer Kennedy cites Moody's, warns: We've got to fix the budget, fast
Rate this item
(0 votes)

kennedy officeTreasurer John Kennedy has issued this statement as he states that "Moody's Investors Service warned today that Louisiana has years of unresolved structural budget deficits and needs to act quickly in order to achieve credible balance" 


"Moody's is giving us the game plan for how to avoid a credit downgrade," said Treasurer Kennedy. "We need to stop spending more than we take in. We need to stop relying on one-time fixes to plug holes in the budget. We need to stop trying to borrow our way out of this problem."
The state addressed a $487 million mid-year deficit last month by delaying payments, borrowing from funds and taking money out of the Rainy Day Fund. Borrowing from funds decreases the state's financial liquidity. 
"Our spending problem is creating a cash flow problem," said Treasurer Kennedy. "So far this year, I've approved nearly $200 million in seeds so state agencies can pay their bills. At some point, I'm going to run out of borrowable funds. We've got to fix our budget, and we've got to fix it fast."


Media Sources


Login to post comments
  • Despite 5th plea, Schiff says House Intelligence Committee pursues Flynn's documents
  • Facebook Live: Discuss harm of Trump budget proposal on Louisiana coastal economy, restoration
  • Governor Edwards welcomes Pence with Medicaid, budget, Louisiana coast wishlist
  • World Premiere tonight in N.O. Bilderberg, the Movie

flynn2Despite General Michael Flynn’s announcement via his counsel that the General and former head of National Security, would take the 5th Amendment in Congressional proceedings, the Intelligence Committee will pursue information, regardless.

Read More

560 usgs land loss map 2The efforts to rebuild the Louisiana coast has suffered a major and immediate setback, assuming that Congress goes along with the most recent budget proposal from President Trump.

Read More

penceToday, Governor John Bel Edwards welcomed Vice President Mike Pence to Louisiana as he Veep is attending a event with top Louisianqa Republican officials. Along with the welcome, however, is a wishlist of requests including an item of recent vinctage involving the current Trump budget which tears a hole into the funding for the Louisiana coastal restoration. 

Read More

bilderbergIt is always an honor when a movie premiere is held in New Orleans and tonight is no exception. At 7:30 p.m. Bilderberg, the Movie will premiere at the historic Prytania Theatre, 5339 Prytania Street.

Read More

BB Menu


Sen. Appel talks budget, economy


Dead Pelican

Optimized-DeadPelican2 1 1