Fell for it again Wednesday, May 30 2012
1 7:00 am
It happens every year.
We’ve been told that the state of Louisiana has serious money problems. We were told that fiscal Armageddon (The “cliff” was last year’s news.) was upon us.
Monday, the Senate Finance Committee added $350 Million to the State Operating Budget, but still cut Higher Education by $71 Million.
Next, the committee then took $200 Million from the Budget Stabilization Fund, a.k.a. “Rainy Day Fund” to eliminate the deficit in the current fiscal year’s budget.
Finally, the Senate Revenue and Fiscal Affairs Committee added more projects to the Capital Outlay Budget. It is now $110 Million over the maximum that can be approved in one year.
Who’s the fool?
Fool me once shame on you. Fool me twice shame on me. Fool me every year; I must be stupid.