Solutions to and Analysis of Louisiana’s Budget Crisis
I’ve been seeing numerous vitriolic statements from various folks recently assigning blame to each other over Louisiana’s budget crisis. For those of you who don’t know, Louisiana is short approximately one billion dollars of general funding revenue. We have to make that deficit up over the next 4 months or we will start defaulting on our financial obligations. Next fiscal year, starting July 1st, we are looking at a 2 billion dollar deficit.
Our entire general fund is roughly 9 billion dollars. One outspoken critic, who has little room to talk, is our State Treasurer, John Kennedy. Kennedy should have been warning us before things got as bad as they are. Kennedy has been issuing numerous proposals to fix the current crisis, however many of the proposals from our Treasurer are based on misappropriating federal funds – like those allocated to welfare and food stamp recipients by the federal government, or involve inconsequential amounts that will take years of investigations to realize.
The idea that “we should take care of our children before we take care of able bodied, childless adults” is a great philosophy and hard to argue with from an Solutions to and Analysis of Louisiana’s Budget Crisis – Crazy Crawfish: