Bobby Jindal’s supply-side dystopia: How the former governor screwed Louisiana & discredited right-w

[applegrove]

Bobby Jindal’s supply-side dystopia: How the former governor screwed Louisiana & discredited right-wing economics yet again

by Gary LeGum at Salon

http://www.salon.com/2016/02/16/bobby_jindals_supply_side_dystopia_how_the_former_governor_screwed_louisiana_discredited_right_wing_economics_yet_again/

"SNIP..............


Former Louisiana Gov. Bobby Jindal may be long gone from the presidential race, but thanks largely to his toxic cluelessness about economics and rock-ribbed faith in trickle-down economics, the damage he did to his state will live on for some time.

This week, the state’s legislature began a special session to deal with Louisiana’s budget shortfall, which will be somewhere around $940 million this fiscal year and as high as $2 billion next. The enormous crisis is a parting gift from Jindal to his successor, Democrat Jon Bel Edwards, who was sworn in last month. Maybe Edwards should send Jindal a fruit basket or a sack full of copperhead snakes as thanks.

This is not to say that the budget deficit is entirely Jindal’s fault. But it does stem in large part from his instituting in Louisiana the same kinds of budget-busting tax cuts that Sam Brownback has used to turn Kansas into a fiscal insane asylum. And it underscores the damage that could be done to the country as a whole if any of the supply-side-espousing Arthur Laffer wannabes currently running for the Republican nomination win the White House in November.

Additionally, Jindal started throwing tax credits and cuts around almost from the minute he was sworn in. He pushed through the largest income tax cut in state history — $1.1 billion over five years — which he saw as a prelude to completely eliminating the state’s business and personal income taxes. Which, when the state was flush, must have not seemed insane, at least to Republicans who never think a tax cut under any circumstances is insane.

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[ghostsinthemachine]

1. It was all Bill Clinton's fault, he didn't take out

bin laden when he had the chance. (Sarcasm doohickey thingie)

[pampango]

2. GOP: 'Trickle-down' economics just has to work if we just keep on trying it, no matter

how many tomes it 'fails'. Of course, it does not 'fail' in its intended purpose which is to further enrich the 1%.

[Major Nikon]

3. "We've got to stop being the stupid party."

-- Bobby Jindal