forgotston.com

Hawks crash to Earth

The new fiscal proposals by the “Hawks” and Democrat Caucus to “balance” the state budget is very disappointing.

The main features are:

1. A three-year tax amnesty plan to raise $200 Million from delinquent taxpayers.  While that may meet the statutory definition of “recurring revenues” in practice is just “one-time revenues” by another name.  The revenues are also highly speculative much like Bobby Jindal includes in his budgets.

2. Better tax collection efforts on Internet sales $20 Million. That is the same type fictitious revenues used by Bobby Jindal to balance the budget. Jindal regularly includes revenues from unnamed and unknown “efficiencies.”

Finally, this new plan while replacing one-time and fictitious revenues with different one-time and fictitious revenues, it does nothing to address the $1.2 Billion shortfall except to kick the can down the road another year.

The plan is not only disappointing, but it is hypocritical.

C.B.

1 CB 7:00 am

Recently, Bobby Jindal posted this message on Twitter:

SPIN: “Louisiana private sector employment has hit a record high. Proud of our progress on job creation.”

Also reported by the Baton Rouge Business Report’s Daily Report that same day:

REALITY: “The jobless rate in Louisiana rose to 6.2% in March from 6% in February….”

Both are probably true, but the employment rate is meaningless if the state still can’t provide jobs for those looking.

You can’t make this stuff up, but Bobby can.

C.B.

1 CB 7:00 am

Bobby Jindal and the ethically-challenged Stephen Moret appear to have pulled another fast one on the public.

Just like with the V-Vehicle Plant that failed to materialize it now appears that Elio Motors will have the same fate.  ( See story here.)

Helping to perpetuating this joke on the public, the leges are in the process of passing legislation to exempt the drivers of these non-existent vehicles from the state Helmet Law.

There should be a law to prevent politicians holding press conferences announcing a new businesses backed by our tax dollars until the doors open.

Providing the public with false hope is not better than no hope.  It is a damn lie!

C.B.

1 CB 7:00 am