State of Louisiana Archives: on Budget & Economy


Bill Cassidy: Eliminate blatant waste, fraud & abuse that plagues country

Q: What government spending would you reduce in order to balance the budget?

A: We must start by eliminating the blatant waste, fraud and abuse that plagues our country. I have already passed legislation like the EGO Act and the MEGABYTE Act to eliminate wasteful government spending. I have also passed legislation to close loopholes costing taxpayers billions of dollars on prescription drug prices.

Source: AFA iVoterGuide on 2020 Louisiana Senate race Nov 3, 2020

Bill Cassidy: Supports bipartisan proposal for $500 billion in state aid

Worst off of all [economically under the pandemic]? That would be Louisiana. Take away oil, restaurants, and tourism, and the Big Easy is in big trouble. It could be facing a budget hole equal to 34% of its 2019 revenues.

The fact that Louisiana is currently facing a dark pit of fiscal despair might have something to do with why one of its Republican senators, Bill Cassidy, has bucked his party and endorsed a bipartisan proposal to provide $500 billion in aid to states.

Source: Slate e-zine on 2020 Louisiana Senate race Apr 29, 2020

Eddie Rispone: Balance budgets, and build up reserves

As a businessperson, it always it always amazed me, how do we have a balance budget deficit? When state law says we have to have a balanced budget, we cannot have an unbalanced budget. How do you have a surplus when you raise taxes? Because it's the taxpayers' money, it is over-taxation. I'd look at it from a business standpoint, our budgets would be balanced like they supposed to be. And then we would figure out why we have we don't have the reserves inside that budget.
Source: Bayou Buzz Transcript of 2019 Louisiana Gubernatorial debate Sep 23, 2019

John Bel Edwards: We paid off billions of deficit; and we shouldn't go back

Q: Over the last four years, the state has gone from a multi billion dollar budget deficit to a multi million dollar surplus. Part of the reason was an increase in sales tax. Is it time to cut the burden on Louisiana taxpayers?

A: We came together and did the hard work necessary by focusing on cuts & savings, supported by a Republican legislature. We now are running surpluses because the economy is performing better. Last year, we did cut, by $650 million, the sales tax burden. And the worst thing we can do as a state is go back to a structural budget deficit that we just came out of that we had for the better part of 10 years, where we're now making investments.

Q: The sales tax though is about half a cent higher than it was when you took office?

A: That's correct. Four years ago.

Q: So would you find a way to cut taxes in a different area?

A: We don't agree that we should cut taxes until we know that we won't go back into a structural budget deficit.

Source: Bayou Buzz Transcript of 2019 Louisiana Gubernatorial debate Sep 23, 2019

Eddie Rispone: No specifics on budget cuts; try to control spending

Rispone said he would try to control spending. He said the state government wouldn't automatically grow under his leadership, but he also couldn't say what government funding he would cut. He said he's an "outsider" who is not familiar enough with state government to provide those specifics.
Source: Times-Picayune on 2019 Louisiana Gubernatorial race Mar 19, 2019

Clay Higgins: Insidious lust for power and money drives deficit spending

A balanced budget must be the top priority of a new Congress. America is nearly $20 Trillion in debt. The insidious lust for power and money, wielded by career politicians who have seized power in DC, is what drives deficit spending.

I will join the fight for a balanced budget amendment. We also must dismantle most, if not all, of the so called "4th branch" of government, AKA the "Alphabet Branch" of government. These massive bureaucracies--like the IRS, the EPA, the DoE (the list goes on)--not only devour the People's treasure, they also operate outside of the parameters of Constitutional control.

I support greatly diminishing or eliminating the "4th Branch" of our federal government. I support the Constitutional process to establish a balanced budget amendment to our Constitution. I support a freeze of federal spending at contemporary levels coupled with a 1% decrease in spending across the board for 10 years.

Source: 2016 Louisiana House campaign website CaptainHiggins.com Dec 10, 2016

Mike Johnson: Balance the budget; reduce licensing requirements

What we need today is a free market solution that makes economic mobility and opportunity readily available for everyone. A system that protects economic freedom reduces the interference of government and allows for unfettered innovation, the creation of new jobs and economic growth.
Source: 2016 House campaign website MikeJohnsonForLouisiana.com Dec 10, 2016

John Neely Kennedy: Balanced budget amendment to restore fiscal responsibility

Across America, families are required to live within a budget because they understand that you cannot spend more than you take in. Yet, Washington does not understand this basic idea. Washington is on a spending spree that's hurting our economy. It's time that we go back to the basics and balance the budget.

John Kennedy will restore fiscal responsibility in Washington. As Louisiana's State Treasurer, he stood up against powerful politicians and special interests to oppose government waste, fraud and abuse.

John will help end the wasteful practice of pork-barrel spending. Louisianans know the difference between government spending designed to help a politician--which is shameful and wasteful--and spending designed to help hurting people.

Deficit spending is affecting the economy as well. John supports a balanced budget amendment to the Constitution. Just like American families, Congress must learn to live within its means.

Source: 2016 Louisiana Senate campaign website JohnKennedy.com Aug 31, 2016

John Bel Edwards: Blind allegiance to Grover Norquist cripples our economy

Edwards criticized the Governor's very rosy picture of the Louisiana economy saying, "The fact is, our Governor's blind allegiance to Grover Norquist has crippled our state budget and our economy." Edwards cited low oil prices as causing only one quarter of the current $1.6 billion budget shortfall.

Rep. Edwards outlined key facts about the state of Louisiana's economy that paint a much different picture than the one offered up by the Governor during his remarks to the legislature. "Under the Jindal administration our unemployment rate is the nation's third highest, our job growth is slower than the rest of the nation's-- 1 percent compared to 2.4 percent nationally--and our bond rating moved to "negative" under Bobby Jindal saddling every public body in the state with higher borrowing costs," Edwards said.

Source: Response to 2015 Louisiana State of the State address Sep 9, 2015

Bill Cassidy: Stop out-of-control spending & end earmarks

Bill believes Washington needs to stop out-of-control spending and lower taxes for small businesses and families. He's been an outspoken advocate against earmarks and believes that we must reform our spending programs if we hope to leave sustainable safety nets for our future generations.
Source: Vote-USA.org on 2020 Louisiana Senate race Oct 22, 2014

Garret Graves: Free enterprise instead of assuring livable income

Q: Free enterprise and the right to private property turn mankind's natural self interest into the fairest and most productive economic system there is, and are the key to national prosperity?

GRAVES: Strongly Agree

Q: It is the government's responsibility to be sure everyone has health care and a livable income?

GRAVES: Strongly Disagree

Source: Faith2Action iVoterGuide on 2014 Louisiana House race Sep 30, 2014

Ralph Abraham: Free enterprise instead of assuring livable income

Q: Free enterprise and the right to private property turn mankind's natural self interest into the fairest and most productive economic system there is, and are the key to national prosperity?

ABRAHAM: Strongly Agree

Q: It is the government's responsibility to be sure everyone has health care and a livable income?

ABRAHAM: Disagree

Source: Faith2Action iVoterGuide on 2014 Louisiana House race Sep 30, 2014

Charles Melancon: Stimulus package will avoid God-awful recession like 1980s

Melancon voted for the stimulus package, saying he recalled the 1980s, the last time the country faced an economic collapse. "It was pretty God awful," Melancon said.

Vitter criticized the measure as wasteful spending. Today, unemployment stands at 10 percent with about 80 percent of the stimulus money dedicated. "It immediately increased spending and debt," Vitter said. "At the same time, I didn't think it would lead to significant job creation."

Source: Baton Rouge Advocate on of 2010 Louisiana Senate debate Oct 18, 2010

Charles Melancon: TARP package will avoid depression from doing nothing

Bush's Wall Street bailout, or Troubled Asset Relief Program, led to $700 billion in government money going to financial institutions in danger of collapsing. Melancon said he voted for the bill after consulting with business leaders and economists who feared an economic free fall. "They all agreed that doing nothing would lead us into a depression," Melancon said.

At every turn, Vitter tried to thwart the program. He introduced legislation aimed at blocking the use of $250 billion of the TARP money, which was approved in two installments. He called for any money returned to the federal government by the institutions taking part in the program to be dedicated to reducing the federal deficit instead of supporting further spending. Vitter also wanted an ending date for the program. "It played out to do what I feared, to expand the power and the role of the federal government," Vitter said.

Vitter's proposed measures did not pass. The government has received most of its money back.

Source: Baton Rouge Advocate on of 2010 Louisiana Senate debate Oct 18, 2010

David Vitter: Stimulus package won't lead to significant job creation

Melancon voted for the stimulus package, saying he recalled the 1980s, the last time the country faced an economic collapse. "It was pretty God awful," Melancon said.

Vitter criticized the measure as wasteful spending. Today, unemployment stands at 10 percent with about 80 percent of the stimulus money dedicated. "It immediately increased spending and debt," Vitter said. "At the same time, I didn't think it would lead to significant job creation."

Source: Baton Rouge Advocate on of 2010 Louisiana Senate debate Oct 18, 2010

David Vitter: TARP package will expand power & role of federal government

Bush's Wall Street bailout, or Troubled Asset Relief Program, led to $700 billion in government money going to financial institutions in danger of collapsing. Melancon said he voted for the bill after consulting with business leaders and economists who feared an economic free fall. "They all agreed that doing nothing would lead us into a depression," Melancon said.

At every turn, Vitter tried to thwart the program. He introduced legislation aimed at blocking the use of $250 billion of the TARP money, which was approved in two installments. He called for any money returned to the federal government by the institutions taking part in the program to be dedicated to reducing the federal deficit instead of supporting further spending. Vitter also wanted an ending date for the program. "It played out to do what I feared, to expand the power and the role of the federal government," Vitter said.

Vitter's proposed measures did not pass. The government has received most of its money back.

Source: Baton Rouge Advocate on of 2010 Louisiana Senate debate Oct 18, 2010

Bill Cassidy: Stimulus bill includes extraneous items

Cassidy says he would vote for an $800 billion stimulus package if its spending measures were "timely, targeted and temporary." Cassidy argues the $820 billion bill that passed the House without a Republican vote is "two bills tied into one." It includes a job-creation bill with tax cuts and infrastructure projects that would work, along with needed increases in Medicaid, and a spending bill that is unrelated to stimulating the faltering economy.
Source: Business Report on 2020 Louisiana Senate race Feb 5, 2009

Bill Cassidy: Stimulus package opposed; will hurt economy

Cassidy says that he voted against the stimulus package that was chosen, but instead voted for a stimulus that gave $80 billion to construction projects. This number was cut to $29 billion in the package that was passed. Cassidy points out that the unbiased Congressional Budget Office has said that the stimulus package that passed will likely hurt our economy in ten years, because it borrows so much money, leaving no money to expand our economy.
Source: Legal Lines with Locke Meredith: 2020 Louisiana Senate race Feb 5, 2009

John Neely Kennedy: Be concerned about economy, but not scared

In past debates Kennedy opened by aligning himself with John McCain, but [in this debate] he described his ideas for re-establishing economic stability in the financial markets and the US economy, an attempt to take control of an issue widely considered a drag on GOP candidates nationwide. “I know many of you are scared. Don’t be. Be concerned, be angry, but don’t be scared,” Kennedy said. “We will survive this economic crisis.”

Landrieu, meanwhile, continued to push herself as a centrist senator who works across party lines and has brought home billions of dollars in aid to Louisiana during her 12 years in Congress, particularly since the blows of hurricanes Katrina and Rita in 2005. “Send me back to continue to fight for you, to deliver for you,” she said.

Source: Associated Press on NOLA.com on 2008 Louisiana Senate Debate Oct 16, 2008

Mary Landrieu: Opposed $700 billion bailout; not enough taxpayer safeguards

Both candidates offered differing views of how to ease the national economic crisis. Kennedy said federal officials should suspend accounting rules that financial industry representatives blame for exacerbating the problems.

Landrieu opposed the $700 billion financial market bailout backed by the White House and approved by Congress. But she also said that she supports government-guaranteed loans between banks and the use of federal tax dollars to buy stocks in banks to shore up the financial system: both plans pushed by the Bush administration, using the authority and money from the bailout bill.

When he was allowed to ask Landrieu a question, Kennedy asked why she now supports elements of the bailout bill: “What made you change your mind?”

“I didn’t change my mind,” she replied. “I did vote against the bailout package because I didn’t think there were enough safeguards for taxpayers.”

Source: Associated Press on NOLA.com on 2008 Louisiana Senate Debate Oct 16, 2008

  • The above quotations are from State of Louisiana Politicians: Archives.
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2020 Presidential contenders on Budget & Economy:
  Democrats running for President:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Gov.Lincoln Chafee (L-RI)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 Third Party Candidates:
Rep.Justin Amash (L-MI)
CEO Don Blankenship (C-WV)
Gov.Lincoln Chafee (L-RI)
Howie Hawkins (G-NY)
Gov.Gary Johnson(L-NM)
Howard Schultz(I-WA)
Gov.Jesse Ventura (I-MN)
Republicans running for President:
Sen.Ted Cruz(R-TX)
Gov.Larry Hogan (R-MD)
Gov.John Kasich(R-OH)
V.P.Mike Pence(R-IN)
Gov.Mark Sanford (R-SC)
Pres.Donald Trump(R-NY)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld(R-MA & L-NY)

2020 Withdrawn Democratic Candidates:
Sen.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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