The state of Louisiana has fallen on hard times, and its situation offers some hard lessons. First, don’t let a right-wing ideologue cut your budget to the bone. Second, don’t hang your whole economy on fossil fuel extraction.
The Washington Post reports on the state’s budget crisis:
Already, the state of Louisiana had gutted university spending and depleted its rainy-day funds. It had cut 30,000 employees and furloughed others. It had slashed the number of child services staffers …
And then, the state’s new governor, John Bel Edwards (D), came on TV and said the worst was yet to come. …
Despite all the cuts of the previous years, the nation’s second-poorest state still needed nearly $3 billion — almost $650 per person — just to maintain its regular services over the next 16 months. …
A few universities will shut down and declare bankruptcy. Graduations will be canceled. […]