Louisiana Treasurer John Kennedy invoking a misbehaving child, figuratively spanked Presidential hopeful, Louisiana Governor Bobby Jindal, for Moody’s credit outlook decline from stable to negative issued today.
Governor Bobby Jindal has been claiming that the massive $1.6B budget debt for 2016 is largely due to the decline in oil prices.
Readers interested in Louisiana politics got another reminder recently of the maddening inconsistency of state Treasurer John Kennedy’s thinking, and why, should he decide to pursue the matter, any attempt he makes to be elected governor in 2015 should be greeted with a healthy dose of skepticism.
In part two of a three-part Google Hangout webcast interview with Louisiana treasurer John Kennedy, the discussion turned to the Louisiana budget deficit and the state’s consultant contracts. In part I of the interview, as he has done so in the past, Kennedy, pointed out that Louisiana’s budget obligations have been met by using budget gimmicks, one-time monies, depleting various dedicated trust accounts, severely cutting education while allowing bloated government consulting contracts to prosper.
In 2009, when Alvarez & Marsal, a national performance auditor, recommended a handful of common-sense business practices that would save taxpayers $72 million a year at the state's Big Charity hospital in New Orleans, I asked for a similar audit of the state's nine other Charity Hospitals. The Charity Hospitals resisted.
According to Louisiana Treasurer, John Kennedy the state was caught a little “flat-footed” and “without a plan” when Congress reduced the amount Louisiana would receive from the federal government for Medicaid.
Treasurer John Kennedy’s assumed gubernatorial candidacy took a hit last week with an incident that goes against the narrative he has tried painstakingly to create and, worse, feeds the one that has kept him from advancing beyond this one and only elective office he ever has held.