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Message

re: New Orleans faces 'catastrophic' $100 million deficit

Posted on 4/1/20 at 3:04 pm to
Posted by rowbear1922
Houston, TX
Member since Oct 2008
15759 posts
Posted on 4/1/20 at 3:04 pm to
quote:

bro, they finna increase taxes. All these thieving pieces of shite are going to have to increase taxes because they damn sure will not downsize gov. If anything gov will use this crisis to justify their existence and the mouth breathers will open their checkbooks because the chirren and safety.


By time they do that, I will be moved out.
Posted by Antonio Moss
The South
Member since Mar 2006
49105 posts
Posted on 4/1/20 at 3:04 pm to
I have to get out of Louisiana
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466946 posts
Posted on 4/1/20 at 3:11 pm to
TX reciprocity is sitting RIGHT THERE for us
Posted by Lakeboy7
New Orleans
Member since Jul 2011
28324 posts
Posted on 4/1/20 at 3:16 pm to
(no message)
This post was edited on 2/2/21 at 12:06 pm
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466946 posts
Posted on 4/1/20 at 3:17 pm to
5 years is all. i will have to re-take the MPRE i think
Posted by SlabCrab
One step above Mississippi
Member since Oct 2019
30 posts
Posted on 4/1/20 at 5:53 pm to
I don't blame you for wanting your trash to "float" away but if you want to get rid of your culture you'll have to kill it yourselves. Traffic's bad enough already.
Posted by uscpuke
Member since Jan 2004
6214 posts
Posted on 4/1/20 at 5:55 pm to
I’m old enough to remember when people getting run over by floats was her top priority.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29025 posts
Posted on 4/1/20 at 6:39 pm to
quote:

Whats the rule? dont you have to take the multi state portion?


Must take the MPRE which is easy as hell. Everything is a conflict and you'll pass with high marks. LOL
Posted by memphis tiger
Memphis, TN
Member since Feb 2006
20720 posts
Posted on 4/1/20 at 7:39 pm to
quote:


Nola was probably way in the hole before the virus even hit thanks to that idiot POS Cantrell



Let’s be fair, NOLA’s been in the hole for so long the city doesn’t even remember what it was like to not be.
Posted by RedPop4
Santiago de Compostela
Member since Jan 2005
15133 posts
Posted on 4/1/20 at 8:01 pm to
quote:

Latoya wants the federal aid.... So she can trim off a portion of that pork for herself. Nagin did it for Katrina with the massive grant for pumps for the city. Then stole a chunk and bought cheap substandard pumps. Here we are today. Anytime there is money involved. Look for that to be divided up by the City leaders....This is why New Orleans stays a shithole...the money never makes it to its intended project...

This is it. Applies to the entire state, but the city is the worst.
Posted by WhiteMandingo
Member since Jan 2016
7463 posts
Posted on 4/1/20 at 8:10 pm to
Just imagine if the president would have told her to cancel mardi gras????
Posted by GeorgePaton
God's Country
Member since May 2017
5097 posts
Posted on 4/1/20 at 8:20 pm to
Yep that is catastrophic. It's called a shrinking tax base, as in those who pay the taxes either leave the state or move out of the city. Electing a pro-tax democrat doesn't help either. And since the primary source of jobs and taxes is connected to O&G the collapse in the price of oil tends to create trickle down poverty.

Poor Louisianians, you will never learn. A wise man once said the definition of stupidity is doing the same thing over and over........and expecting different results.

"Facts are stubborn things" - John Adams
This post was edited on 4/1/20 at 8:28 pm
Posted by DevilDagNS
Member since Dec 2017
2960 posts
Posted on 4/1/20 at 8:25 pm to
frick em. New Orleans would have so much potential if it weren’t for its shitty inhabitants.
Posted by Bristol Dawg
God's Country
Member since Jul 2016
2934 posts
Posted on 4/1/20 at 8:55 pm to
Everywhere is in the same boat.
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
29025 posts
Posted on 4/1/20 at 9:36 pm to


New Orleans has Debt obligations of $1.9 billion. Though New Orleans' debt is investment grade, the city has suffered from infrastructure and pension issues since Katrina. After the 2005 hurricane, New Orleans fired nearly half of its workforce. By 2010, New Orleans had $855 million in unfunded pensions. In 2013, just 2,300 city employees remained on the payroll.

Louisiana’s pension systems had nearly $34 billion in assets and $52.2 billion in liabilities in 2017, according to the report, a gap of $18.2 billion in its ability to pay future benefits that will come due down the road. Louisiana’s pensions were 65% funded in this metric, compared to 69% nationally. Louisiana is one of 20 states with less than two-thirds of the assets it needs to pay its future pension obligations.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
79356 posts
Posted on 4/1/20 at 9:45 pm to
quote:

Chinese drywall


Lacist!
Posted by lsusteve1
Member since Dec 2004
46462 posts
Posted on 4/1/20 at 10:38 pm to
quote:

Poor Louisianians, you will never learn. A wise man once said the definition of stupidity is doing the same thing over and over........and expecting different results.



Not a whole lot can be done when certain segments vote D no matter what.

It'll have to bottom out to ever have a chance to get better.
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