Well Louisiana has a problem and Jindal is a big part of it. That much is true.
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When Gov. Bobby Jindal took office in January 2008, he inherited a state budget that included a $1 billion surplus. During these tough economic times, that seems like a distant memory, almost a fairy tale — yet it was only four years ago.
What did Jindal do with all that money? In the hip-hop vernacular, he made it rain. He rolled back income taxes that voters approved under the so-called Stelly Plan in 2002, plowed $245 million into lawmakers' pet projects and created a slew of tax breaks, including one with a price tag of $360 million. Jindal called it "terrific news."
The good news didn't last long.
Jindal's first Christmas in the governor's mansion brought news of a $341 million midyear budget shortfall. The young governor, an avowed fiscal conservative, somehow had allowed the state to spend more money than it took in. Complicating matters, revenue forecasters warned of a possible $2 billion deficit for the 2009-2010 budget year.
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