Archive for December, 2009

Louisiana Continues to Lag in Economic Freedom

A report by the Pacific Research Institute shows Louisiana continues to lag behind a majority of the country on economic freedom. The report defines economic freedom as the right of individuals to pursue their interests through voluntary exchange of private property under rule of law. From 1999 to 2008, Louisiana decreased one spot from 31st [...]

Playing Politics at the New Orleans Public Defenders Office

Orleans Parish Chief Public Defender Derwyn Bunton has announced that his office could soon stop accepting rape and murder cases due to budget cuts. An article by Laura Maggi in the Times-Picayune outlines the situation. The New Orleans City Council has voted to eliminate a $500,000 appropriation to the Public Defenders Office in the 2010 [...]

Moody’s Warns USA Could Lose AAA Credit Rating

On December 8th, 2009, the Credit Rating Agency Moody’s stated that, “The United States, along with 16 other countries, could lose their Triple-A credit rating if fiscal deficits and heavy debts are not effectively managed.” While the group stressed that the threat is not immediate, it did point out that a downgrade could come as [...]

House Votes to Extend “Death Tax”

On December 3, 2009, the House of Representatives passed H.R. 4154, which extended the Estate Tax with a $3.5 million per person exemption. The Estate Tax is slated to be eliminated in 2010, and then return in 2011 under a higher rate and with a much lower exemption. If the Senate does not act on [...]

Lousiana Department of Education Sees Drastic Salary Increases

A report by the Associated Press highlights increasing salaries within the Louisiana Department of Education. Between 2007 and 2009, the payroll has increased by 21%, while the number of employees has decreased. State Superintendent of Education Paul Pastorek argues that the increase is needed to get the “best human capital.” Pastorek, who earns a $430,000 [...]