Weighing a Run in 2016, Jindal Faces Big Budget Shortfall
Source: The New York Times
BATON ROUGE, La. In recent weeks, the office of Gov. Bobby Jindal of Louisiana has issued news releases about the mindless naïveté of Hillary Rodham Clinton, the folly of opening diplomatic relations with Cuba and the threat of radical Islam in Europe, prompting a flurry of commentary about what it all might mean to Republican voters in Iowa and South Carolina should Mr. Jindal decide, as has long been expected, to run for president.
But here in the Louisiana capital, there is mostly one topic on everyones mind these days, and it is quite distressingly close to home: the fiscal reckoning the state is facing for next year and perhaps for multiple budgets to come.
Louisianas budget shortfall is projected to reach $1.6 billion next year and to remain in that ballpark for a while. The downturn in oil prices has undoubtedly worsened the problem, forcing midyear cuts to the current budget. But economists, policy experts and lawmakers of both parties, pointing out that next years projected shortfall was well over a billion dollars even when oil prices were riding high, turn to a different culprit: the fiscal policy pushed by the Jindal administration and backed by the State Legislature.
Mr. Jindals first term began in 2008 with a heady surplus of around $1 billion, high oil prices and a stream of federal disaster recovery money after Hurricanes Katrina and Rita in 2005. He threw his support behind the largest tax cut in the states history and, for a time, had reason to boast about an economy that outperformed the nations. But oil prices are fickle, and the recovery money dried up and the recession arrived, if late and in a milder strain than in other states. Since 2010, here as elsewhere, middling has been the new normal.
Read more: http://www.nytimes.com/2015/02/07/us/governors-tactics-at-center-of-louisiana-budget-vortex.html?_r=1
Jindal's Executive Office is doing its part to help Louisiana with the $103 million in midyear budget cuts: It's cutting a whole $10,000 from its budget. In travel expenses.
I sh*t you not.
elleng
(130,963 posts)Louisiana, Kansas, Wisconsin, and of course the good ole USA (when they're in 'control.') Then WE clean it up for them!
KeepItReal
(7,769 posts)That's the only reason Jindal can get away with showing his face around the country and not get laughed out of the building.
hibbing
(10,098 posts)It is crazy, just look at the idiot son himself. All to give their 1 percenters huge tax cuts then services that actually benefit the state get cut.
Peace
madokie
(51,076 posts)who won't make it out of the gate.
The more clown the merrier
George II
(67,782 posts)Last edited Fri Feb 6, 2015, 05:26 PM - Edit history (1)
....."Oh God"!
AndyTiedye
(23,500 posts)NCjack
(10,279 posts)of Kansas to which one can destroy their state's economy first.