State has 3rd highest recipient rate in nation NEW ORLEANS – The latest data from the United States Department of Agriculture shows that 852,000 Louisiana residents receive food stamps, up by 12.1 percent since July of 2009. Recipients now account for 19.0 percent of the state’s population, well above the current national average of 13.6…
New Orleans was “Gateway to the Americas” before being surpassed by other Sun Belt cities
NEW ORLEANS – On Wednesday, Louisiana’s Senate trade task force hosted two Louisiana State University economists for their second public meeting and debated how to promote international trade from the state level. With only four monthly meetings left before dissolution and an eye for next year’s legislative session, time is limited. However, the task force’s sponsor, Senator Conrad Appel (R – 9th District), expressed confidence that “everyone involved is enthusiastic,” as he described the committee’s goals.
In the midst of Louisiana’s education budget crisis, it is understandable that frustrated citizens have taken to looking for scapegoats. Accordingly, it’s not surprising to see many bumper stickers decrying Governor Jindal’s perceived role as the chief culprit for the cuts which threaten the quality of our higher education system. While placing the burden of blame on our governor may be convenient, it is inaccurate. Our lack of funding is not the result of draconian decisions from the governor’s mansion, but from a culture of wasteful spending and a bloated governing apparatus.
State Treasurer John Kennedy recently laid out 16 measures that would save nearly $3 billion in state funds, which can then be allocated to health care and education. Treasurer Kennedy’s listed measures are grounded in common-sense and practicality. His first suggestion is axiomatic: “Do not raise taxes or fees. We do not need to. It won’t work anyway. Ask California.”
Heritage Foundation predicts “substantial job losses” among earners of less than $250,000 The Heritage Foundation, a D.C.-based policy institute, has released a scathing report on the prospect of income tax increases for the coming year. The authors contend that while high income households may be targeted, everyone will pay the price through lower economic growth…
U.S. unemployment marches on as Mercatus Center finds no relationship between stimulus spending and employment
While the latest claim from the White House is that the Recovery Act has generated or saved 3.6 million jobs, recent research fails to find a connection between stimulus projects and unemployment. In the case of Louisiana, the unemployment rate is at its highest level since the recession began and continues to climb, notwithstanding the state’s $3 billion worth of Recovery Act projects.
Situation is dire, but options are available
By Daniel M. Rothschild
A panel of leading academic experts and policy makers issued a warning to states last week: your unfunded pension liabilities are larger than you think, and they must be addressed now.
Cato Institute ranks Governor second in nation
Today the Cato Institute released its 2010 Fiscal Policy Report Card on America’s Governors, and awarded Governor Bobby Jindal one of only four A grades. Each governor received a score for his past two year’s fiscal performance, from a limited government perspective, and Jindal’s 71 out of 100 had him second only to Mark Sanford (R) of South Carolina.
Commentary: Anything Less Than Impeachment of Judge Porteous a Detriment to Citizens, Justice System
While his dereliction of duty alone justifies impeachment, this measure is also necessary because if he is allowed to retire the taxpayers are on the hook for his lavish retirement plan.
Spending beyond inflation and population growth accounts for budget gaps
By Daniel M. Rothschild
It didn’t have to be this way, with states slashing budgets, cutting services, hiking taxes and fees, all while peering into the crevasse of fiscal meltdown.
That’s the conclusion of a new paper by Matthew Mitchell, an economist at the Mercatus Center at George Mason University. In “State Spending Restraint: An Analysis of the Path Not Taken,” Mitchell calculates what state budgets would look like today if legislatures had held per-resident, inflation-adjusted spending to their 1987 or 1995 levels.
And it’s a much different picture than what’s playing out in statehouses across the country.
Thomas Woods argues that “Constitution has become non-issue to federal government”
According to Rasmussen Reports, constituent hostility to the federal government is at an unprecedented high, and twenty state attorneys general, including Louisiana’s, are challenging the constitutionality of the 2010 federal health care reform. However, in his latest book, Nullification: How to Resist Federal Tyranny in the 21st Century, Thomas Woods argues for more than voter scrutiny and pleas to the United States Supreme Court. He advocates the rediscovery and use of state nullification against unconstitutional federal laws.