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.
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.
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.
Dont worry the cuts are starting to come this coming week huge ones.
It's going to be bloody but it has to be done. I hope you are right about the senate revolt.
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
I say cut, cut, cut! The cuts won't hurt the working stiffs of this state nearly as hard as the freeloaders.
Sadly, I don't think it is an act....
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...
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.
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.
Yes, that seems work.
She's not "acting" - she's "stuck on stupid"
I just hope they don't cut the TOPS program. My daughter gets it.
That could go a long way in actually buying a modest home. There is so much waste with FEMA it's ridiculous.
The supposition now being that all instances of storm damaged will be paid for by some form of government.
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.
"A $6,000 load of ice is costing between $25-$35,000," he says."
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