uh, oh, step aside Minsky:
While the leading good-government group [in Louisiana], citing [oil] addiction, warned last May against the Legislature’s plan for a $360 million income tax cut, Mr. Jindal called the tax break “terrific news” and happily signed it into law as legislators cheered. Admonitions on fiscal prudence went unheeded, as they have so often here, and the bill is now due. Earlier this year there was an $865 million surplus; now Louisiana has a $341 million shortfall in its current-year budget, and next year the projected deficit is $2 billion.
also via Sullivan
That's a little unfair, but I'm obviously not in a good mood and it's Friday ....
