quote:
I DESPISE seeing governmental entities, such as BREC and the EBR Library Board, sitting on millions of dollars in their accounts in banks while claiming they cannot cut our taxes or they will go broke. If we could ever find out how many hundreds of millions of dollars local and state governments have in their piggy banks, there would be a tax revolution.

What???

I would MUCH rather the state have a trust that they can use earnings from to pay for reoccurring expenses rather than have the tax payers foot the bill every year.

That is exactly what this thread is about, Jindal has raided a trust that was set up to use INTEREST from to help fund Medicaid. To say that he is balancing the budget while raiding the principle in a trust is a bit insincere. What do we do when the principle is all gone? Raise taxes - BUT - he will not be governor when we have to raise the taxes, so he doesn't care what condition he leaves us in as long as he can point back and say, "Well, the budget was balanced when I was in charge..."

These are all short term fixes that do not help us in the long run.

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Posted by doubleb

Baton Rouge

Member since Aug 2006

36530 posts

Posted on 2/24/14 at 3:38 pm to WildTchoupitoulas

quote:
I would MUCH rather the state have a trust that they can use earnings from to pay for reoccurring expenses rather than have the tax payers foot the bill every year.

So would I

quote:
That is exactly what this thread is about, Jindal has raided a trust that was set up to use INTEREST from to help fund Medicaid. To say that he is balancing the budget while raiding the principle in a trust is a bit insincere. What do we do when the principle is all gone? Raise taxes - BUT - he will not be governor when we have to raise the taxes, so he doesn't care what condition he leaves us in as long as he can point back and say, "Well, the budget was balanced when I was in charge..."

I'd prefer to see Jindal raid the trust in bad economic times and yes take the principle too before raising taxes during those hard times.

If the taxes have to be raised later, then they have to be raised later; however, if dumbass in the WH had any kind of pro growth agenda and the economy in La. grew along with the national economy, I suspect taxes would not have to be raised at all because economic growth could then pay the bill and eventually more rainy day money could be put aside.

Why have rainy day money that you can't use when it's a flood of bad economic news?

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Posted by moneyg

Member since Jun 2006

56939 posts

Posted on 2/24/14 at 5:00 pm to WildTchoupitoulas

quote:
What do we do when the principle is all gone? Raise taxes

fricking liberals

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Posted by LSURussian

Member since Feb 2005

127254 posts

Posted on 2/24/14 at 5:16 pm to WildTchoupitoulas

quote:
I would MUCH rather the state have a trust that they can use earnings from to pay for reoccurring expenses rather than have the tax payers foot the bill every year.