According to President Donald Trump, the United States cannot compete in global trade because of import tariffs. Ultimately, the president says, the cost at the market is too high for American products. But, is this the only issue for whatever deficit this country might possess as we engage in a trade war of sorts with our closest allies and against one major competitor, China?
According to Tulane economist, Peter Ricchuiti, there are a number of reasons for the inbalance and not just tariffs.
Is Louisiana Governor John Bel Edwards being fair or is he "over the top", scaring seniors with potential "kick-you-out-of-nursing-homes" letters as a result of the budget standoff with the Republican House of Representatives? And why scare seniors, Governor Edwards, have you sent out contract-reduction letters to the Saints and the Pelicans?
How dee is the real hole in the Louisiana budget are we? Does the state really willing to cut governmental services without raising revenues, which is what the Speaker of the House Taylor Barras seemed to indicate yesterday, when questioned, which could prevent another revenue-raising special session?
Louisiana has good news, kinda.
The state’s Revenue Estimating Conference met today and recognized $346 million in revenues, most primarily due to the Republican-Trump tax cut leaving a difference in the budget shortfall of $647M which is obviously much better than the $997 million hole we were looking at prior to the regular session. That’s the good news.
Louisiana Congressman, Steve Scalisse for US Congress's Speaker of the House of Representatives? Is that a possibility? As of this morning, what was once a rumor is now a serious discusson since current speaker Paul Ryan has decided not to run for re-election this fall, leaving a leadership vacuum.
So, as Jim Brown and Christopher Tidmore and I were readying to discuss the Louisiana legislative session via Bayoubuzz’s Facebook, Twitter, Youtube LIVE, this morning, opportunity suddenly arose to shift gears and focus upon the “hot” and significant national news that could have a huge local impact.
Does Karen Carter Peterson, the Chairperson of the Louisiana Democratic Party support repealing the second amendment?
Rob Maness seems to think so and points to the evidence. A tweet by Peterson, that states "Repeal the Second Amendment" which includes the very controversial op-ed in the New York Times, earlier this week by no less, than former Supreme Court Justice John Paul Stevens, who advocated that it should be repealed.
At a moment in which money is short and tempers are long, what role does race play as the Louisiana legislature continues to iron out its budgetary and political differences during this spring 2018 legislative session?In a prior article and segment of an interview with Elizabeth Crisp, the reporter for the Advocate, we discussed an incident last week that occurred in which the issue of race nakedly appeared during a Senate Education committee hearing. In part three of the interview, Jim Brown probed further into the more general topic and that incident when Metairie Senator Conrad Appel, a Republican, took issue with comments being made by an African American New Orleans legislator during a hearing on the impact of charter schools. Here is how the Advocate reported the incident:
Sometimes, events occur where two people or entities you support, unfortunately, clash. This situation seems to be the case this morning. Retired Air Force Colonel Rob Maness, during our weekly Facebook Live discussion, talked about a reported incident that occurred last night in Pearl River, in which the conflict appears to be between the Sheriff’s Department and the US military veteran.
The Louisiana legislative fiscal session starts today, is scheduled for no more than 17 days. A week later, the regular session begins. For the first time ever, session watchers will be able to watch live streamed legislature information on Facebook and Twitter and on Bayoubuzz.com.
So, let the olympic-sized Louisiana legislative fiscal debate match begin!
On Monday, the Louisiana legislature convenes at the state Capitol for another special fiscal session to make an attempt to fix, what we might call, the always-existing revenue hole fiscal cliff.