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Louisiana can't pay Katrina, Rita bills
USA Today ^ | Nov 4, 2005 | Alan Levin

Posted on 11/04/2005 7:08:07 AM PST by abb

Edited on 11/04/2005 7:15:23 AM PST by Sidebar Moderator. [history]

USA Today articles are link only


TOPICS: News/Current Events; US: Louisiana
KEYWORDS: hurricane; katrina; memaw; neworleans; rita
What? Me Worry?
1 posted on 11/04/2005 7:08:09 AM PST by abb
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To: abb

Blanco is one of the worst governors around. It makes me pine that the incompetence of Gray Davis or the corruption of McGreevey.


2 posted on 11/04/2005 7:11:36 AM PST by KC_Conspirator (This space outsourced to India)
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To: abb
"Staffers for the governor "about fell over" Wednesday night when they received the Federal Emergency Management Agency's estimate of the state's costs for hurricanes Katrina and Rita"

This NEA hack must be removed from office in order for Louisiana to recover.

3 posted on 11/04/2005 7:12:15 AM PST by Senator Goldwater
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To: abb

Give 'em back to France then.


4 posted on 11/04/2005 7:12:59 AM PST by dfwgator
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To: abb

Louisiana's debt status is now equal to that of a third-world country.


5 posted on 11/04/2005 7:14:13 AM PST by sinkspur (Trust, but vilify.)
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To: dfwgator

Louisiana never was a profit maker for France back in the day...you think they'd take'em back now?


6 posted on 11/04/2005 7:15:39 AM PST by Knitting A Conundrum (Act Justly, Love Mercy, and Walk Humbly With God Micah 6:8)
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To: KC_Conspirator

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.

DK


7 posted on 11/04/2005 7:17:14 AM PST by Dark Knight
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To: abb

Can't or Won't?


8 posted on 11/04/2005 7:19:53 AM PST by Reaganesque
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To: abb

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.


9 posted on 11/04/2005 7:31:09 AM PST by robowombat
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To: Dark Knight; abb; caryatid
She certainly has the acting stupid part down pat.

Sadly, I don't think it is an act....
10 posted on 11/04/2005 7:32:40 AM PST by LA Woman3
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To: KC_Conspirator

Perhaps it's time for Blanco to announce that she is "a Gay American".


11 posted on 11/04/2005 7:40:29 AM PST by PBRSTREETGANG
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To: LA Woman3

Gads, no!

You mean you can be dastardly evil, and STUPID?

DK

LOL


12 posted on 11/04/2005 7:41:51 AM PST by Dark Knight
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To: KC_Conspirator

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.


13 posted on 11/04/2005 7:47:36 AM PST by Great Caesars Ghost (The Fault, dear Brutus, lies not in the Stars, but in Our Selves.)
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To: sinkspur
"Louisiana's debt status is now equal to that of a third-world country."

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.

14 posted on 11/04/2005 7:52:07 AM PST by Reaganghost (Democrats are living proof that you can fool some of the people all of the time.)
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To: abb

But we can afford goat shows and boat races.


15 posted on 11/04/2005 7:55:02 AM PST by Ellesu (www.thedeadpelican.com)
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To: Ellesu

Or is it lawnmower races?


16 posted on 11/04/2005 7:57:09 AM PST by abb (Because News Reporting is too important to be left to the Journalists.)
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To: abb

uh, uh, lawn mower races, I Blanco'd for a moment, sorry.


17 posted on 11/04/2005 8:00:12 AM PST by Ellesu (www.thedeadpelican.com)
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To: Great Caesars Ghost

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.


18 posted on 11/04/2005 8:07:18 AM PST by CajunConservative
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To: Ellesu

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.


19 posted on 11/04/2005 8:11:46 AM PST by bpjam (Now accepting liberal apologies.....)
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To: CajunConservative
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.

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.

20 posted on 11/04/2005 8:12:19 AM PST by ClaireSolt (.)
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To: abb; All

Perhaps the state SHOULD be forced into INVOLUNTARY bankruptcy and have a federal trustee appointed to examine all the books.

After all since the left worships judges, this would put the bankruptcy judge in firm control of the state. No messy middleman legislature. Only a court provided for in the Federal constitution.


21 posted on 11/04/2005 8:14:32 AM PST by longtermmemmory (VOTE!)
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To: CajunConservative

Yep Jindal would have made a world of difference, both in real terms and pr which appears in reality to be just as important. Blanco has one final chance with this special session. There was a rumor that there was senate revolt brewing with an change of leadership from Blancos guy to Sen Cravins. We will see. I hate to say this to everyone but without Federal assistance for reconstruction this state is in serious jeopardy. The special session is going to be reality time. The cuts I am hearing are quite huge. Louisiana's I think are going to be shocked. Most fearsome is the cuts to higher education and to hospitals. It should be interesting.


22 posted on 11/04/2005 8:18:53 AM PST by bayourant
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To: bpjam
Just be thankful that Rita went east instead of barreling into Houston. The whole nation would be in a pickle had that happened because of the hit the oil industry would have taken.
23 posted on 11/04/2005 8:20:32 AM PST by CajunConservative
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To: bpjam

Dont worry the cuts are starting to come this coming week huge ones.


24 posted on 11/04/2005 8:21:49 AM PST by bayourant
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To: bayourant

It's going to be bloody but it has to be done. I hope you are right about the senate revolt.


25 posted on 11/04/2005 8:30:29 AM PST by CajunConservative
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To: CajunConservative

I have to admit I have mixed feelings on a revolt. I really dislike Sen Hines for some reason and really like Sen Cravins. I think Cravins can get considerable supports from the Repub Senators as well as maybe from the black state Sen. COuld cleo not vote against the first Black Sen Pres. However if Blanco got her stuff together ramming this tough package through without the legislature trying to protect their own turf might be a good thing. It just depends on how strong she is politically


26 posted on 11/04/2005 8:39:41 AM PST by bayourant
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To: bayourant

I say cut, cut, cut! The cuts won't hurt the working stiffs of this state nearly as hard as the freeloaders.


27 posted on 11/04/2005 9:11:59 AM PST by stuckinloozeeana
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To: LA Woman3; abb; Dark Knight
She certainly has the acting stupid part down pat.

Sadly, I don't think it is an act....

Governor Memaw is not holding up well. Is she headed for a nervous breakdown?
28 posted on 11/04/2005 9:32:40 AM PST by caryatid (Way down yonder in New Orleens ...)
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To: caryatid
Is she headed for a nervous breakdown?

I would say so....
29 posted on 11/04/2005 9:42:34 AM PST by LA Woman3
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To: CajunConservative

It is very unfortunate since the very thing LA needs to pay the bills, more Federal largesse, will just make the state ever more dependent on Washington, and make it ever more difficult to pull out of the cycle.

And this plan to rebuild the slums in situ... O gloriam meam...


30 posted on 11/04/2005 9:44:22 AM PST by Great Caesars Ghost (The Fault, dear Brutus, lies not in the Stars, but in Our Selves.)
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To: bayourant; LA Woman3

Budget Cuts in Governor Blanco's Hands

It looks like the power to slice up the state's budget rests solely in the hands of Governor Blanco.


Watch WAFB.com for more information on this ... all that comes up now is a picture of the Governor and this blurb. Note that the image is an old one ...
31 posted on 11/04/2005 10:04:49 AM PST by caryatid (In the land of dreamy dreams . . .)
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To: caryatid
Note that the image is an old one ...

Pre-Katrina photo...
32 posted on 11/04/2005 10:09:06 AM PST by LA Woman3
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To: Great Caesars Ghost

One thing though is that the scrutiny seems to be pretty good so as long as the light is being shown on the shenanigans there's a little ray of hope. The truth is the state has been getting more and more conservative but the NOLA dem machine has been the reason why we couldn't seem to get any traction in statewide elections. We did elect Vitter during the last senatorial elections. He was the first Republican to win since reconstruction.


33 posted on 11/04/2005 10:09:06 AM PST by CajunConservative
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To: abb

What we need is for FEMA to go away. They are horribly bureaucratic and wasteful.

It's costing $38K per travel trailer to put some evacuees up fot 18 months. They aren't even asking the evacuees if they want to stay, return, or what. It's a total joke.

I'm not in need like many here but we have to put a stop to the waste.


34 posted on 11/04/2005 11:18:22 AM PST by Roux
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To: caryatid; Ellesu
It looks like the power to slice up the state's budget rests solely in the hands of Governor Blanco. A budget committee was supposed to meet Friday morning to go over the cuts with her, but attorney general Charles Foti says she has the power to do it on her own.

One law says Governor Blanco can cut 3-percent of the budget on her own, but up to 5-percent with the help of the joint budget committee. But according to the attorney general's opinion, a separate law trumps that giving the governor the power to cut ten-percent herself.

Governor Blanco had state agencies submit scenarios of what they could cut out of their spending. She's expected to act on those cuts before the special session begins on Sunday. The hurricanes put out budget in a billion dollar hole.
35 posted on 11/04/2005 11:20:17 AM PST by LA Woman3
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To: PBRSTREETGANG
Perhaps it's time for Blanco to announce that she is "a Gay American".

Yes, that seems work.

36 posted on 11/04/2005 11:24:23 AM PST by KC_Conspirator (This space outsourced to India)
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To: LA Woman3

She's not "acting" - she's "stuck on stupid"


37 posted on 11/04/2005 11:24:37 AM PST by princess leah
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To: LA Woman3

I just hope they don't cut the TOPS program. My daughter gets it.


38 posted on 11/04/2005 11:26:01 AM PST by half-cajun
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To: Roux

That could go a long way in actually buying a modest home. There is so much waste with FEMA it's ridiculous.


39 posted on 11/04/2005 11:58:31 AM PST by CajunConservative
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To: abb

The supposition now being that all instances of storm damaged will be paid for by some form of government.


40 posted on 11/04/2005 12:02:29 PM PST by Sam Cree (absolute reality - Miami)
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To: abb

In fact even some liberals I know are getting sick of the fact that most hurricane news is all about who is going to get what from the government.

I've had one lady who still sports a Kerry sticker confide her outrage to me over this, and another, a real Bush hater tell me the same. Closet conservatives, I guess.


41 posted on 11/04/2005 12:06:41 PM PST by Sam Cree (absolute reality - Miami)
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To: Roux

"A $6,000 load of ice is costing between $25-$35,000," he says."
http://msnbc.msn.com/id/9665434/


42 posted on 11/04/2005 4:29:47 PM PST by heybeavis
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