Praline and jambalaya economics
From everything we are hearing, Louisiana faces a terrific budget deficit in the upcoming 2011 fiscal year. The number heard most often is $1.6 billion. It makes a bigger impression when you see it numerically. So here it is: $1,600,000,000. Whew! Kinda takes your breath away, doesn’t it?
A $1.6 billion shortfall would pose quite a dilemma for most states. Most states would 1) quit spending multi-millions on state-owned golf courses, 2) reduce the number of football and basketball coaches at the junior high school through university level to something less than one coach for every player, 3) stop imprisoning for life people caught with so much as a whiff of marijuana residue in their pockets, 4) quit providing legislators with luxury housing for a pittance in rent while at the same time paying them a luxurious per diem 5) and the list goes on ad nauseum.