Somebody once said that there were so many Colvins living in my hometown of Dubach that if you met a stranger on the sidewalk and greeted him by saying, “Hello, Mr. Colvin,” you had an 87 percent chance of being right. And if he frowned at you, you could correct your mistake by saying, “Excuse me, Mr. Fuller.”
One such Fuller in Dubach is Mr. James Egan “Cotton” Fuller. He was given that nickname as a young child because his white hair looked just like cotton. Ironically, now well into his 90’s, his wavy white hair color still lives up to that moniker.
Here we go again. Louisiana faces yet another budget deficit.
This time, the shortfall for the spending year that begins July 1 is approximately $1.6 billion — at least as nearly as the state’s revenue estimating gurus can calculate.
Who knows what the number will be by the time the Legislature convenes April 13 to officially start wrestling with the predicament. The bottom line is pretty simple: Once again the ends don’t meet in Gov. Bobby Jindal’s proposed budget.
The process for eliminating debt is anything but an easy-to-solve financial equation. Many people wonder if they should pay off their debt as quickly as possible or invest their money, letting debt payments run their course.
The answer depends on whom you ask. Theories about balancing investing with debt vary widely.