Monday, May 11, 2015

Looting Louisiana: How the Jindal administration is helping Big Oil rip off a cash-strapped state

http://www.southernstudies.org/2015/05/looting-louisiana-how-the-jindal-administration-is.html
"Louisiana is in the throes of a budget crisis, with the state facing a $1.6 billion deficit for the upcoming fiscal year that begins July 1.
Gov. Bobby Jindal (R) has proposed cutting more than $200 million from higher education, leading Louisiana State University to begin drafting paperwork for what is essentially a form of academic bankruptcy. State leaders are also considering cutting health care services for the poor, elderly and disabled. Meanwhile, Moody's Investors Service and Standard and Poor's have said they may lower the state's credit rating if it doesn't come up with a solution.
As the state grapples with how to respond to the shortfall, new details have emerged about a scheme that has helped bring it to this desperate point."