Jim Miller: NFL Draft

Wednesday, 24 February 2016 15:21
Dr. Jim Richardson tells what we need to know about Louisiana's budget scars
Written by 
Rate this item
(0 votes)


richardson sabludowsky 6So, why, once again, is the Louisiana 's budget on the downswing, rarely ever really balanced, it seems.

Louisiana is on the throes of another major budgetary overhaul, with its elementary education system bleeding, its higher education on a respirator and its healthcare system being read its last rites.  


Yes, again.  

But, this time, it is in part due to horrible planning by the Bobby Jindal administration over the past eight years and legislative compliance.  Oh, and throw in the oil crises which has reduced the revenues by over a third since the price dropping began.

In structuring the budget, in trying to save education, healthcare and other critical services, the process starts with revenues.

Without revenues, the state cannot pay its expenses.

As you watch the video below, click on CC (closed caption) and you will see the closed caption transcript. Also, you can comment after this article using your Facebook or Twitter account.

And while the Louisiana legislature, Governor Jon Bel Edwards debate, persuade and negotiate  a billion dollar short-term budget problem along with a 2 billion shortfall for next year,  there is one man who has been at the very center of all Louisiana budgets, at least, since 1987. That man is Dr. James Jim Richardson, economist, from LSU.

His role is to help estimate the revenues the state might be able to expect for the upcoming fiscal years.

On Wednesday morning, I had the opportunity to discuss the budget with Dr. Richardson, via online video conference.  Since the late 80s, he has been on the Revenue Estimating Conference which is the constitutionally-mandated organization of government that attempts to forecast a range of revenues the state can expect when it determines its annual expenses.  In my video interview conversation with the LSU professor, Dr. Richardson explained how the conference was established, his role and the respective responsibilities of the other conference members.

In determining the projected revenues, since the government must decide unanimously on the projected revenues, Richardson maintains as much power as the governor and the legislative leaders.

In part one of a multipart series, Richardson explains the process, the difficulty in making projections, the influence of market durables such as oil prices. In the ensuing parts of the interview, Dr. Richardson discusses how the budget for this current year was derived and impact of cuts, taxes might have upon the government and the people it serves.

Above is a Youtube video. Please watch it below.  As you watch, click on CC (closed caption) and you will see the closed caption transcript.   


If you would like to receive the text of the full transcript, contact us by email and we will send it to you, This email address is being protected from spambots. You need JavaScript enabled to view it..


Last modified on Wednesday, 24 February 2016 16:56
Login to post comments
Powered By JFBConnect
  • Cat Fights on the Hot Cement Confederate New Orleans statues
  • Ex-Saints, Bears, Bills, NFL Exec, Jim W. Miller discusses NFL Draft tomorrow
  • Trump's new plan; Curtains on tax returns release; 40% say Trump-Russia; Probing Obama admin
  • Watch Louisiana Governor Edwards talk about CAT Tax failure

catRarely, have I seen few issues that have generated as much raw heat, tension, and passion than the Confederate monuments controversy. 

Just as existed during the real civil war, where brothers battled brothers, social media is the battleground, particularly Facebook, pitting friend against friend.

On one side of the tense divide, there are those who are protecting the New Orleans civil war era monuments.  Burnt in effigy, forever, is the symbol of Mayor Mitch Landrieu for up-ending what the monument protectors consider to be the loving civil society of New Orleans.

Lately, events have turned somewhat militaristic.

Some protectors of the Confederate monuments have been staying vigilant, in person and online, even surveilling during the wee hours of the morning, waiting for the next Mayor Landrieu attack. On Sunday morning, with protections of snipers, masked workers and a dumbstruck audience, the worst of all of the monuments was cut and carried., the Liberty Monument. 

Read More

miller nfl live2 5It’s D-Day or Draft Day tomorrow in the NFL.

More specifically, Thursday represents the first day of the NFL draft 2017.

Read More


trump curtainsThe major President Trump news of the day focuses upon taxes, not only the tax cuts he is proposing but his own taxes, which he obviously, refuses to unveil.


Read More

edwards play money 1

At a press conference today, Louisiana Governor John Bel Edwards said the CAT Tax did not pass the House Ways and Means Committee.  The Governor, in addressing the media said that "the fate of that bill was decided long before we unveiled it".

Read More

BB Menu


Sen. Appel talks budget, economy


Dead Pelican

Optimized-DeadPelican2 1 1