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re: These melts are hilarious but the fact remains: LA has no future
Posted on 11/17/19 at 11:29 am to SlowFlowPro
Posted on 11/17/19 at 11:29 am to SlowFlowPro
LA GDP hit a record in 2nd QTR this year, not under Bobby Grover Nordquist Jindal . Our economy is the 25th or 24th largest in USA and we are about 27th in population , this doom and gloom mentality of Rispone supporters sounds similar to the California far left folks threatening to move to Canada over Trump or some in Texas when Obama got elected wanting to secede.
There is economic analyst with models that show in 2018 LA government spending relative to GDP, which is how Economist measure size of Government shows we are 37th, which means 36 states have larger governments relative to their economy than LA. if u wanted Rispone to win fine, that is ur vote and ur right , but stop the blatant misrepresentation of Louisiana’s economic and government rankings under JBE
There is economic analyst with models that show in 2018 LA government spending relative to GDP, which is how Economist measure size of Government shows we are 37th, which means 36 states have larger governments relative to their economy than LA. if u wanted Rispone to win fine, that is ur vote and ur right , but stop the blatant misrepresentation of Louisiana’s economic and government rankings under JBE
1
Posted on 11/17/19 at 11:29 am to DiamondDog
quote:
You’re a one term guy with no aspirations for re-election. Burn every bridge as needed.
can't do much without Leg support
if i'm a dictator who can decide policy unilaterally we would gut government. NOBODY will go for that, even the GOP
from farm subsidies to entitlement recipients up to corporate kickbacks and cush political jobs, they're all on the dole
Posted on 11/17/19 at 11:33 am to JKChesterton
quote:
LA GDP hit a record in 2nd QTR this year
propping up our economy with billions from Fedgov (that won't always be there) and extra taxation will give a nice bump to GDP
quote:
There is economic analyst with models that show in 2018 LA government spending relative to GDP, which is how Economist measure size of Government shows we are 37th
are you a bot or just not a natural english speaker? serious question
what is our per capita tax burden? what about secondary taxes like car insurance, private schools, higher home prices in good areas, etc?
what is our percentage of population receiving entitlements? is that going up or down?
why did we lose population under JBE?
what privately-funded industries are growing under JBE?
Posted on 11/17/19 at 11:35 am to SlowFlowPro
quote:
what is our per capita tax burden?
It's 24th in a poor state
Posted on 11/17/19 at 11:46 am to DiamondDog
quote:
1. Freeze new hires across State Government. Propose to decrease State Worker jobs by 25-30% over next 5-8 years.
Just point blank freezing new hires is dumb. A lot of the talent the state gets are smart kids who frick up in college.
Posted on 11/17/19 at 11:49 am to cwill
I've never understood the culture argument. Plenty of places in America have fun cultures. The west coast has a cool counter culture vibe, mid west has hiking/climbing/beer scene and ranchy cowboy vibes, East coast has high pressure but old school wealth. Louisiana just likes to drink, get shitty educations, and fish/hunt.
Posted on 11/17/19 at 11:58 am to SlowFlowPro
LINK
Here is the article from 247 Wall, that documents empirically what I noted above, it also has tax burden analysis as well, people moving in 1 year is not a trend, the reality is young people Today more so than in past like living in larger modern and yes diverse metro areas. Given Texas has the size economy it has and is right next store it is set up to be able to attract college graduates from LA who can work in fiefs that we don’t have, ie industries that rely on Human capital and are technology and R&D intensive,
Here is the article from 247 Wall, that documents empirically what I noted above, it also has tax burden analysis as well, people moving in 1 year is not a trend, the reality is young people Today more so than in past like living in larger modern and yes diverse metro areas. Given Texas has the size economy it has and is right next store it is set up to be able to attract college graduates from LA who can work in fiefs that we don’t have, ie industries that rely on Human capital and are technology and R&D intensive,
Posted on 11/17/19 at 11:59 am to fallguy_1978
No it is not
Posted on 11/17/19 at 12:04 pm to fallguy_1978
quote:
It's 24th
that's a ton of government spending for (1) a poor state and (2) a state with such shitty government services
holy shite. it's a lot worse than i thought
we have 4.66M or so people and about 1.39M on Medicaid (so about 29.8% of our population). per this site, it would put us #5 in the US (that link is from 2017 so before our expansion numbers were counted.
Posted on 11/17/19 at 12:05 pm to SlowFlowPro
Not a bolt and typing from phone, u want to civilly discuss fine , u want to troll then we are done , see earlier post with link that has data from economic models that are consistent with what I wrote, not my hypothesis , not my opinion , but data that supports what I stated , u have economic data to back up ur statements I will be glad to read it
Posted on 11/17/19 at 12:08 pm to SlowFlowPro
Look up federal spending relative to state budget last year it was about 1/3 of every state , LA was has been 40% to 43% from Jindal to JBE, but note the Medicaid expansion happen in 2017 if I recall which came under Trump admin
Posted on 11/17/19 at 12:14 pm to JKChesterton
quote:
but data that supports what I stated
you posted a clickbait website
also, GDP is a bad measure for a state like LA who doesn't have many major companies domiciled there anymore. the only benefit we derive from foreign companies is jobs/salaries. the revenue/profit produced is realized in the states of domicile/HQ (which isn't LA b/c we've lost these). you need to go re-read this thread where lots of people point out LA had a ton of economic potential, but we failed to realize it domestically. this is all ignoring the accounting for federal spending (like federal dollars going towards Medicaid, CHIP, etc)
per your link, we have the 4th lowest per capita income and we're 18th highest in state employment (it's 14.9% of our workforce). as i pointed out, we're approximately top 5 in Medicaid population percentage. do i need to also post our education rankings? crime rankings?
Posted on 11/17/19 at 12:14 pm to JKChesterton
quote:
Look up federal spending relative to state budget last year it was about 1/3 of every state , LA was has been 40% to 43% from Jindal to JBE, but note the Medicaid expansion happen in 2017 if I recall which came under Trump admin
none of this matters in this discussion
Posted on 11/17/19 at 12:15 pm to SlowFlowPro
247 wall is not click bait , it is based in NYC
Posted on 11/17/19 at 12:15 pm to GumboPot
Tourism will get destroyed when the fake economy based on the fed pumping 120 Billion/day into the system finally blows.
Posted on 11/17/19 at 12:25 pm to SlowFlowPro
No GDP IS the measure that all economist use to measure the economy. I took enough economics and econometrics to know what I am talking about. Optimal GDP growth is roughly 2 to 3% perhaps , 4 major components of GDP are 1. personal consumption which takes into account income level and spending by individuals , 2. business investment , ie increase in capital investment and R&D spending, etc 3. government spending , and 4. net trade . So there is an optimal level in all 4 variables above to achieve optimal GDP.
per capita income growth in LA did well in 2018, reported at an increase of about 6%. We do well on trade due to port of New Orleans , business investment is the one that is to tied to natural resources which is cyclical as hell. Government spending can be used to control economy by stimulating at times or cutting back to control inflation which could kill growth gains n income and consumer spending , etc
per capita income growth in LA did well in 2018, reported at an increase of about 6%. We do well on trade due to port of New Orleans , business investment is the one that is to tied to natural resources which is cyclical as hell. Government spending can be used to control economy by stimulating at times or cutting back to control inflation which could kill growth gains n income and consumer spending , etc
Posted on 11/17/19 at 12:27 pm to SlowFlowPro
Well it does since u mentioned Medicaid expansion did u not?
Posted on 11/17/19 at 12:27 pm to JKChesterton
Posted on 11/17/19 at 12:29 pm to SlowFlowPro
M peach mints
Posted on 11/17/19 at 12:32 pm to fallguy_1978
Wallet up is a site more for tourist is it not? Again it like the 247 Wall article I linked it measures property taxes , income and general sales taxes , unlike the article I linked it includes excise taxes on cigarettes , note that excise taxes are also levied on alcohol , but alcohol excise taxes did not go up much under JBE, the cigarette excise tax , yes. In my opinion not high enough , so what we have are 2 different economic studies using 2 different methodologies to measure tax burden , the one u cited is not relevant to me and most Louisiana folks who do not smoke.
This post was edited on 11/17/19 at 12:46 pm
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