How is Louisiana's economy doing now that the oil prices have improved, especially since Louisiana is so dependent upon that industry? There have been reports about a poor Louisiana economy, so is it fair to blame the current governor, John Bel Edwards? Is the United States losing the manufacturing battle against the world as President Donald Trump has been claiming?
Is there some way that Louisiana can gets its budgetary house in order? What is the problem? Did it begin under current Governor John Bel Edwards? Is Medicaid the culprit? Can we reform higher ed?
On Tuesday, I discussed the budget with former State Representative Brett Geymann, a budget hawk, who was term-limited and who left the legislature after the 2015 election. Geymann believes that the state budget should be tied to the economy and we will publish his thoughts on this tomorrow, as we went more into detail on that issue in the latter part of the Facebook, Twitter and Youtube Live discussion.
Who and what is to be blamed for the State of Louisiana's needing a third-special session just this year to attempt to fashion a operating document that funds government, provides necessary services yet provides room for businesses to grow? What is the state doing that other states are not doing that has resulted in ongoing budgetary crises, year after year after year? Are the legislature and Governor John Bel Edwards, being successful in their tackling the real issue, that is, the actual structure in which we raise revenues and appropriate spending, or, are we simply putting out raging fires, every spring?
As we have come to expect from the left, caricature and oversimplification make for lots of red meat thrown to the unthinking masses, but it’s a lousy method for valid understanding of public policy ramifications.
Just such as example comes from a leftist opinion writer named David Leonhardt on the pages of the New York Times. In a recent piece, he attempted to use Louisiana’s income tax cutting during the former Gov. Bobby Jindal years as an indictment against that option, alleging that promises that “tax cuts would lead to an economic boom” didn’t pan out and produced the state’s budgetary difficulty.
Ready or not, the Louisiana spring special session is coming to a Capitol near you.
Louisiana Governor John Bel Edwards will call another special session for the Louisiana legislature, something he said he was not going to do unless there was an agreement between the Republican and Democratic parties.
Former Louisiana Governor Bobby Jindal has penned an oped published in the Wall Street Journal yesterday that took a not-to-subtle swipe at Republican President Donald Trump, the Republican Party and of course, the Democrats and President Barack Obama. The column was somewhat reminiscent to Jindal's "stupid party" statement he made post-Mitt Romney presidential loss.
Hold on to your hernia belts, a potential court decision either could make Louisiana state budgeting more intractable or become a catalyst for badly needed change.