What if you spent a significantly higher percentage of your monthly household budget than your friends but endured a vastly inferior quality of life. Sounds crazy, right? That’s exactly the situation Louisiana finds itself in these days when it comes to state government spending. Louisiana spends 40 percent more on average than other states, but nothing seems…
“We will never tax, spend and regulate ourselves out of this problem,” former State Treasurer and current U.S. Sen. John Kennedy said about the state’s financial issues.1 “They can raise taxes as high as they want to and we’ll still have a problem. I don’t mean any disrespect, but it’s the spending stupid – that’s the…
Louisiana was named “America’s least financially literate state.”1 Perhaps that’s why Gov. John Bel Edwards has such a difficult time creating a budget for the state that isn’t such a financial mess. At least that would be a believable excuse. John Bel Edwards’ first budget had more state tax dollars than any state budget in…