- My Forums
- Tiger Rant
- LSU Score Board
- LSU Recruiting
- SEC Rant
- SEC Score Board
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Louisiana finally has a budget surplus thanks to JBE
Posted on 9/27/17 at 10:00 am to RonLaFlamme
Posted on 9/27/17 at 10:00 am to RonLaFlamme
quote:
Louisiana really needs to diversify the tax base and have a stable model that won't fold every time the oil and gas market dips.
people need to quit thinking oil & gas will ever support our state government again, it doesn't now and won't in the future. in fact it will support less and less as shale production continues to increasingly dominate. it can't be done here like it can in other places
louisiana production is on a steep, long-term decline and it ain't coming back. gambling, marijuana, or online sales taxes won't bail us out either.
we're going to have to actually finally pay our own way
This post was edited on 9/27/17 at 10:01 am
Posted on 9/27/17 at 10:00 am to Bison
quote:
Is has to do with the Stelly plan, from the Mike foster adminstration which taxed the rich and Blanco rolled back bc the oil and gas boom during her term. Jindal's dumbass repealled it completly his first year in office
you literally are posting fake history
the Stelly plan repeal was passed with a veto-proof majority and was sponsored by...JBE
Jindal didn't want to repeal it, especially in one go, but his hands were tied
Posted on 9/27/17 at 10:01 am to I B Freeman
Jindal financially ruined the state with his bullshite economic theories and desire to make a big show against Obama.
Posted on 9/27/17 at 10:02 am to Bison
quote:
senators, govenors work hard to try to fix the budget so we have have funds for Infrastructure and roads which ppl bitch about everyday
state spending is dominated by medicaid, education, and prisons...not roads
why do you have to continuously lie to make your "point"?
This post was edited on 9/27/17 at 10:07 am
Posted on 9/27/17 at 10:07 am to texashorn
quote:
Bet your "surplus" would be even bigger if your state had declined Medicaid expansion.
Who gets the blame for that cost-driver to subsidize poor Louisiana flag kneelers?
Actually, some of the biggest users of the Medicaid expansion are middle class families and the SCHIP program for their kids. Private Insurance these days is raping people.
Posted on 9/27/17 at 10:11 am to 90proofprofessional
quote:
people need to quit thinking oil & gas will ever support our state government again, it doesn't now and won't in the future. in fact it will support less and less as shale production continues to increasingly dominate. it can't be done here like it can in other places
Gave you an upvote on this
Now shut your whore mouth with all this talk of paying our own way, etc. This is Louisiana, we won't do that and when the money is not there for basic services or education, we'll blame the politicians and their "corruption" as we always do.....It's safer that way.
Posted on 9/27/17 at 10:14 am to 90proofprofessional
Last year the Advocate had several lengthily articles illustrating all the tax breaks industry gets, the film business gets, and how many business skate on taxes even though they aren't bringing in new jobs or nearly enough jobs to pay for the lavish subsidies or exemptions.
Just recently IBM failed to meet their job requirements. JBE gave them another two years to meet the targets or suffer the consequences. But they already missed the target goals and should already have to suffer the consequences.
But IBM was hailed as a game changer for BR.
This is one small example. The Film Industry BS is another. We've given out over a Billion dollars in this area, and what do we have to show for it? A stable, vibrant film industry/ No, we have an industry totally dependent on govt. hand outs.
Just recently IBM failed to meet their job requirements. JBE gave them another two years to meet the targets or suffer the consequences. But they already missed the target goals and should already have to suffer the consequences.
But IBM was hailed as a game changer for BR.
This is one small example. The Film Industry BS is another. We've given out over a Billion dollars in this area, and what do we have to show for it? A stable, vibrant film industry/ No, we have an industry totally dependent on govt. hand outs.
Posted on 9/27/17 at 10:17 am to SlowFlowPro
quote:
state spending is dominated by medicaid, education
that minimum foundation program could be reduced by letting localities tax industry. the locals need to be fully paying for their schools anyway
you mentioned prisons- where does that fall and how big is it? i was under the impression that after Health & MFP, the next-largest specific item was a very distant third
Posted on 9/27/17 at 10:20 am to KiwiHead
quote:
shut your whore mouth with all this talk of paying our own way, etc. This is Louisiana
Posted on 9/27/17 at 10:24 am to Tigerdev
quote:
Jindal financially ruined the state
What does this mean???
I did not experience any financial ruin and I am citizen of the state.
Please explain or please quit using the term "state" when you really mean the "government bureaucracy of Louisiana".
(Nobody here was a bigger critic of Jindal than ole IB but I suspect my criticism was for a much different reason than yours. I criticized him for not being conservative with our money---doing things like giving it to film makers and steel mills ect.)
Posted on 9/27/17 at 10:25 am to doubleb
quote:
the Advocate had several lengthily articles illustrating all the tax breaks industry gets, the film business gets, and how many business skate on taxes
the "cut" crowd doesn't even consider that stuff "spending", although I agree with you that it is
it doesn't even touch that $30 billion that's actually budgeted either
Posted on 9/27/17 at 10:26 am to KiwiHead
The biggest benefactors of the expanded medicaid are the health providers who are minting money from it. They will fill JBE's pockets for the next campaign.
Posted on 9/27/17 at 10:27 am to Bison
Surpluses (or mid-year deficits) aren't particularly indicative of the fiscal health of a budget.
They are more an indication of volatility in revenue. So budgets based on oil revenue with have greater surpluses and shortfalls. Unfortunately sales tax, while better than oil revenue, is still pretty volatile.
Large well funded budgets can have surpluses and shortfalls, and smaller budgets can too.
To the extent JBE deserves credit, sure, I guess. But remember they used $100 million of rainy day fund so that really just makes them even.
And don't forget, Jindal had budget surpluses too. Just like JBE he had a mid-year deficit and a year-end surplus. (I think that happened twice- too much of a pain to look it up). So all you Jindal haters probably shouldn't hang your hat on surpluses as the measure of a healthy budget.
They are more an indication of volatility in revenue. So budgets based on oil revenue with have greater surpluses and shortfalls. Unfortunately sales tax, while better than oil revenue, is still pretty volatile.
Large well funded budgets can have surpluses and shortfalls, and smaller budgets can too.
To the extent JBE deserves credit, sure, I guess. But remember they used $100 million of rainy day fund so that really just makes them even.
And don't forget, Jindal had budget surpluses too. Just like JBE he had a mid-year deficit and a year-end surplus. (I think that happened twice- too much of a pain to look it up). So all you Jindal haters probably shouldn't hang your hat on surpluses as the measure of a healthy budget.
Posted on 9/27/17 at 10:29 am to Bison
All politicians are shitbags. That is all. Carry on with your love fest for old crooked eyes.
Posted on 9/27/17 at 10:29 am to 90proofprofessional
quote:
that minimum foundation program could be reduced by letting localities tax industry. the locals need to be fully paying for their schools anyway
I agree the locals need to be paying for their schools---we need to eliminate ALL property exemptions while holding actual collections still for one year so the millages will adjust downward and then let the locals vote on taxes to fund their schools. (A lot of homeowners would actually see their taxes go down as the millages fall.)
Posted on 9/27/17 at 10:32 am to I B Freeman
quote:
we need to eliminate ALL property exemptions
including homestead? i think that would make us more like texas IIRC
quote:
(A lot of homeowners would actually see their taxes go down as the millages fall.)
every business lobby would scream bloody murder
(would like to point out that non-profit property exemption needs to go as part of this; it's not just industry)
Posted on 9/27/17 at 10:32 am to I B Freeman
quote:
the health providers who are minting money from it.
Ochsner is loving it. Have you seen the building boom they have embarked on?
Posted on 9/27/17 at 11:16 am to 90proofprofessional
quote:
never a shortage of rhetoric about "always things to cut" and "special interests"
always a shortage of actual things pinpointed as worthwhile to cut. even LABI reports and articles stop at generic shite like "put dedicated funds on the table", stopping far, far short of actually recommending the reduction of some service
perhaps the existence of all this cuttable stuff is greatly exaggerated by people telling others what they want to hear
And it is even more complicated than that. Even with cuts, savings may not be realized for several years, so the deficit is not impacted by the cuts.
Posted on 9/27/17 at 11:28 am to RonLaFlamme
quote:
Is the 'fiscal cliff' they keep talking about still a problem? Louisiana really needs to diversify the tax base and have a stable model that won't fold every time the oil and gas market dips.
The taxes put in place in the 2016 special sessions sunset in 2018. This creates the fiscal cliff. The legislature simply refused to address it even though several very good bills were brought forth. Supposed conservatives like Lance Harris and Chris Broadwater sought to protect special interests instead of looking into solutions to the fiscal cliff.
Posted on 9/27/17 at 11:32 am to chellelsu
quote:yes, you should. All those days off you folks get costs. Who's forcing you to work for the st. gov anyway?
Meanwhile, state employees are only receiving a 2% raise this year. Haven't had a raise in 9 years and they slap me in the face with 2%. It sucks, but I guess I should be thankful for something right?
Popular
Back to top
Follow TigerDroppings for LSU Football News