Led by Louisiana’s Noble Ellington, ALEC promotes “priority-based budgeting” NEW ORLEANS, La. – The American Legislative Exchange Council has released its “State Budget Reform Toolkit,” a plan for resolving fiscal shortfalls without increased taxation, raids of rainy-day funds, or reliance on federal funds. ALEC’s toolkit comes as Louisiana faces a projected $1.6 billion deficit for…
Kevin Kane discusses new research, “Louisiana’s Fiscal Albatross: The Coming Public Pension Crisis.” The report is the first in a four-part series on state employee retirement benefits, which account for the state’s unfunded liabilities and which Kane describes as a “ponzi scheme.”
Pelican Institute Report: taxpayers on the hook for billions of dollars in unfunded liabilities. Despite Governor Jindal’s national accolades, Louisiana is on course for fiscal catastrophe. Next year’s $2 billion shortfall is the tip of the iceberg.
Louisiana’s medical society reports doubling of hospital employment in four years, and as the profession ages fewer are set to work in private practice. “This signals the further decline in the free practice of medicine,” says Dr. Thomas Kendall Sr., a South Carolina spokesman for the Association of American Physicians and Surgeons.
State Lawmakers can resist grants with “Federal Strings” and suspend rule-making. Earlier, bipartisan legislation from Louisiana has indicated the plausibility of such tactics.
Speakers divided over viability of American constitutional solutions, despite Swiss success