Skip to comments.Louisiana can't pay Katrina, Rita bills
Posted on 11/04/2005 7:08:07 AM PST by abbEdited on 11/04/2005 7:15:23 AM PST by Sidebar Moderator. [history]
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Blanco is one of the worst governors around. It makes me pine that the incompetence of Gray Davis or the corruption of McGreevey.
This NEA hack must be removed from office in order for Louisiana to recover.
Give 'em back to France then.
Louisiana's debt status is now equal to that of a third-world country.
Louisiana never was a profit maker for France back in the day...you think they'd take'em back now?
I would differ. She is one of the most corrupt. The more they delay, deny and obfuscate, the less LA has to pay.
It is brilliant, if you want the feds to pay. Blame Bush and act stupid. She certainly has the acting stupid part down pat.
Can't or Won't?
Almost without doubt there will be a special funding bill that will move through Congress to cover the charges. The same thing was done for NYC and the state of NY after 9-11 and is really pretty standard. The La politicos can't seem to not ham up every event relating to the hurricane.
Perhaps it's time for Blanco to announce that she is "a Gay American".
You mean you can be dastardly evil, and STUPID?
She will keep working hard and one day things will be brighter, and then she's going to get re-elected. Will Louisiana pull out of this? We have Our doubts.
Have you looked at the record of the United States? We are the world's largest debtor. No one else even comes close. To top things off, the United States has off-balance sheet liabilities that make Enron look good. The unfunded and unfundable liabilities of Social Security and Medicare are currently roughly equal to the entire estimated private net worth of the United States. And by historic valuation metrics, the assets that compose much of the private net worth of the US are presently over valued. If foreign investors reach the conclusion that US assets are over valued and begin to disinvest in the US or simply decide to repatriate capital to invest in their own countries (foreign markets have recently been out performing US markets) we could have a financial crisis on our hands.
Highlighting Louisiana's problems invites critical analysis of the US itself. If, or dare I say 'when', people start turning over rocks, I don't think they are going to like what they find.
But we can afford goat shows and boat races.
Or is it lawnmower races?
uh, uh, lawn mower races, I Blanco'd for a moment, sorry.
We were so close to having a genius who would be in his element cutting stupid bloated spending while delivering more services, but noooooo we got stuck with stupid instead.
Oh, I'm sure every other Governor in the country was tens of billions of spare dollars they can hand over to Blanko in La. Why in the world would we expect Louisiana to do anything to help their own recovery.
And where do you think those foreign investors would put their money? It is here because we have a good record, good regulations, and legal protections that do not exist elsewhere.
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