There’s much talk in East Baton Rouge about this project that will do wonders in Baton Rouge, but then again, what else is new? I’ve heard the complaints, there’s nothing to do in Baton Rouge that is family orientated, which is true. For example, we don’t have a planetarium, nor do we have a water park, nor an amusement park. We don’t even have a Celebration Station. Absolutely nothing to do that’s family orientated. No recreational activities, no parks, no soccer leagues, football leagues, or little baseball leagues. Nothing to do for the family.
What we need is a Catfish Town. Better yet, we need a nice building downtown for the arts, that will turn us into the next great city. I can hear Arnold Horseshack yelling “oh oh oh Mr. Kotta” for this next one… How about a nice resort? Or maybe we should expand the Baton Rouge Centroplex and change the name to the Baton Rouge River Center? That will surely change Baton Rouge into a great new city… only one problem… it hasn’t.
While at least one Baton Rouge blogger felt the need to attempt to take me to task not once, but twice, this past week, I find it quite ironic that he’s defending a city councilman who voted to exclude the towns of East Baton Rouge Parish in an effort to increase taxes, while at the same time complaining about a governor that’s has been standing solidly for lower taxes, with his little picture that says “Where’s Bobby?”. I wonder if Mr. “Fisher” also supported that next big thing called Catfish town? Ah well, that doesn’t matter.
Though I’m sure Mr. Fisher may have more at stake in what goes on in downtown Baton Rouge than maybe I do, but we all have a serious stake in the future of this country. Let’s talk about the much bigger picture here… the state of the economy.
I have been doing a lot of research lately into the budget of the federal government and what I found is quite disturbing. According to Cha-cha, the total government revenue has increased by 46% since 2003. I’d love to leave the link, but since Cha-cha works much like KGB, I have the answer in a text message:
“Revenue was up by 46% since 2003 to 2.6 trillion dollars.”
So what makes that so relevant? In 2003, President George Bush signed more tax cuts. In other words, by cutting taxes, we actually increased the total government revenue. But we also spent more than we took in so our federal deficit increased, as did the national debt, and of course the interest that we pay on the national debt. That would mean that government didn’t have an under taxation problem, it means it had a spending problem if the debt was increasing, which it did a lot of.
Interest on the national debt accounts for 8% of total government spending, which doesn’t seem like a problem, does it? When you consider that spending out paces total government revenue, then you would also recognize the interest is a large chunk of total government revenue… and according to my calculations: 340 billion dollars(interest on National Debt/2.5 trillion dollars(Total government revenue) = 13.09%.
Here’s where things get really skewed, and that’s not a good thing. Our Federal government recently passed a stimulus package that is predicted to quadruple the federal deficit and double the national debt… that means over 25% of total government revenue will already be spent completely to interest on the national debt. This does not include the proposal to include even more people the government spends money on for their health care… which will spend even more money should it pass, nor does it include the baby boom generation that is beginning to hit the government roles right now, nor does that account for the possibility of an additional stimulus package, and it doesn’t account for the whammy of decreasing government revenue that is happening right now, causing our YTD shortfall to be 50% of total government revenue for previous year.
What is likely the answer going to be from this administration? I assure you, that answer will be to increase taxes, which would only cause a further strain on the economy. We have a congress that’s dumb enough to buy a bridge to nowhere, people willing to pay the price of free health care without even knowing what the price is, and we have a President who believes “Yes we can spend a lot more money”. I’m sure a few of you are also willing to buy this whopper of a package as well, but as for me, I’m tired of being sold a bill of goods. Just let me keep my money and I’ll spend it on things that I think is worth it too me. I’ll also like to note, that if Audubon Alive is such a great business project, why aren’t investors willing to invest their own money for the entire project? Let me guess, it just wouldn’t be profitable enough?
So maybe you find this all to be humorous, a great big comedy if you will, but sir, I find nothing amusing about the state of our nation. And maybe you think I’m irrelevant even though you found me important enough to call out my name in not one, but two posts. Again sir, I’d rather be irrelevant, I’d rather just walk away and tend to business. Unfortunately we have bloggers such as yourself who defend Republicans who want to tax and spend, while bashing one of the few Governors that is actually standing up for less taxes and at worse responsible spending.