Thursday, May 01, 2014

Where did all the money go?

James Gill on Bobby Jindal's "Louisiana Miracle"
The economic miracle suggested by the employment figures, meanwhile, has not exactly put state government in clover, partly, no doubt, because of the tax cuts Jindal is so proud of. He just ordered a spending freeze across all departments, and has been obliged to tap state Treasurer John Kennedy for a $40 million loan to keep the colleges open. Next year’s budget, as usual, is held together with chewing gum and baling wire.
What even is the point of a "booming" economy if we're not going to put the boom to work for us?

Also, the "boom" is almost gone.  What happens then?

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