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Message
Louisiana Light Sweet as $14.51
Posted on 4/2/20 at 7:46 am
Posted on 4/2/20 at 7:46 am
When you account for all the losses the state is going to incur I expect JBE to try and raise the top marginal rate right between Oregon and Hawaii at 10%.
What really needs to be done in this case is a Constitutional convention to make changes that allow us to cut the fat.
What really needs to be done in this case is a Constitutional convention to make changes that allow us to cut the fat.
This post was edited on 4/2/20 at 7:49 am
13
Posted on 4/2/20 at 7:51 am to Anaximander
quote:
Constitutional convention
Have said this for years. The problem is we don't have the true statesmen that we could trust to do it right.
ETA: My post was made in the context of the federal level.
This post was edited on 4/2/20 at 7:57 am
Posted on 4/2/20 at 7:52 am to Anaximander
Republican controlled legislature will tell him to go pound sand. Our best hope to help is to get money from the Feds.
Posted on 4/2/20 at 7:54 am to Catchfalaya
quote:
Republican controlled legislature will tell him to go pound sand.
bullshite and you know it. JBE doesn’t want the ability to cut fat in the state gov, he wants it to get more and more bloated.
If he proposed a CC right now, everyone in the populace would rejoice.
Posted on 4/2/20 at 7:55 am to Anaximander
And you aren't even counting all of the income and sales tax we aren't collecting right now. The state will probably go bankrupt.
Posted on 4/2/20 at 7:56 am to Anaximander
Louisiana is a failed welfare state
Posted on 4/2/20 at 7:59 am to Damone
All welfare states are failed. We should hold a CC, cut the fat, and reopen the economy.
Posted on 4/2/20 at 8:44 am to Anaximander
I believe Louisiana has more state regulatory boards and government departments than any state. Thanks Huey Long.
Cut it all.
Cut it all.
Posted on 4/2/20 at 8:47 am to Cosmo
Western CDN crude <$4 barrel … Glad I am in the electric industry and not supporting O&G as I did 15+ yrs ago.
Posted on 4/2/20 at 9:08 am to Anaximander
What price was our budget based on?
Posted on 4/2/20 at 9:22 am to Cosmo
The one state I think is probably worse than LA on this front is Illinois.
A wrinkle in the law regarding funding per special district or board has made it so that Illinois has something like 10x as many boards and special districts than any other state. (I think funding was capped at a certain amount, so the workaround was to add a shite ton of them)
A wrinkle in the law regarding funding per special district or board has made it so that Illinois has something like 10x as many boards and special districts than any other state. (I think funding was capped at a certain amount, so the workaround was to add a shite ton of them)
Posted on 4/2/20 at 9:23 am to Anaximander
quote:
What really needs to be done in this case is a Constitutional convention to make changes that allow us to cut the fat.
Can you name some specific cuts that would be made if they had a constitutional convention?
Posted on 4/2/20 at 9:23 am to Tiger55
Typical LA budget is written with around $40-45/barrel in mind.
Posted on 4/2/20 at 9:23 am to Anaximander
How sweet is it? Is it tasty?
Posted on 4/2/20 at 9:25 am to BeepNode
quote:
Can you name some specific cuts that would be made if they had a constitutional convention?
shite, just removing the protections that exist for everything but education and healthcare would be huge in allowing legislators with a set of nuts on them to cut everyone's pet projects to get the budget under control.
Posted on 4/2/20 at 9:28 am to PetroBabich
quote:
How sweet is it? Is it tasty?
You laugh, but it REALLY does refer to taste. Crude high in sulfur has an odor and a slightly sour taste, so sour crude. Sweet crude doesn't. Before complex chemical assays were available or common, tasting the crude was a common way of roughly determining which oils were lower in sulfur and easier to refine and could be sold at a higher price.
Posted on 4/2/20 at 9:34 am to Anaximander
(no message)
This post was edited on 2/2/21 at 11:56 am
Posted on 4/2/20 at 9:36 am to PetroBabich
Cut the fat? What a novel idea. We started down that path in 2008 and then both the legislature, media and ultimately the voters decided to elect JBE in 2016. He added back every bit of fat that was cut between 2008-2016. This legislature and Governor do not have the balls to cut what needs to be cut. Our state agencies are heavy at middle management and upper middle management. 2012 -2016 several agencies tried to adhere to the 1:8 principal. When the presidential campaign caused the Gov and others to lose focus, the 1:8 became 1:4 again. Today in many agencies it’s 1:1, 1:2 or 1:3 as the fat increased each year from 2016-2020. The reality is that the State of La is the largest employer of people. Until we get off the tit of the public fisc, the fat will remain ( and the taxes that support it).
Posted on 4/2/20 at 9:40 am to Anaximander
Louisiana doss not want progress or to even fix a problem. The peollenkeep electing the same idiots. They do not care. They just want to bitch and brag about how much they can drink. Drunk and stupid is, apparently, a way to go through life
Posted on 4/2/20 at 9:44 am to Anaximander
Hell premium cooking oil is more than that - 3x to 5x that.
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